Renaissance Technologies LLC lessened its stake in HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 22.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 333,341 shares of the financial services provider's stock after selling 97,800 shares during the period. Renaissance Technologies LLC owned about 0.76% of HarborOne Bancorp worth $3,943,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of HarborOne Bancorp by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 2,247,931 shares of the financial services provider's stock worth $26,593,000 after buying an additional 75,328 shares during the last quarter. American Century Companies Inc. increased its stake in HarborOne Bancorp by 1.0% during the fourth quarter. American Century Companies Inc. now owns 356,944 shares of the financial services provider's stock valued at $4,223,000 after purchasing an additional 3,688 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in HarborOne Bancorp by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,407 shares of the financial services provider's stock valued at $3,779,000 after purchasing an additional 2,363 shares during the last quarter. Victory Capital Management Inc. increased its stake in HarborOne Bancorp by 9.1% during the fourth quarter. Victory Capital Management Inc. now owns 286,072 shares of the financial services provider's stock valued at $3,384,000 after purchasing an additional 23,900 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in HarborOne Bancorp by 78.9% during the fourth quarter. JPMorgan Chase & Co. now owns 216,837 shares of the financial services provider's stock valued at $2,565,000 after purchasing an additional 95,659 shares during the last quarter. Institutional investors own 65.01% of the company's stock.
Analysts Set New Price Targets
Separately, Seaport Res Ptn upgraded shares of HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Friday.
Check Out Our Latest Stock Report on HONE
HarborOne Bancorp Stock Performance
Shares of HarborOne Bancorp stock traded up $0.01 during trading on Monday, hitting $11.31. 817,984 shares of the stock were exchanged, compared to its average volume of 182,445. The stock's fifty day moving average is $10.42 and its 200 day moving average is $11.70. The stock has a market cap of $502.85 million, a PE ratio of 17.14 and a beta of 0.61. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.12. HarborOne Bancorp, Inc. has a 12 month low of $8.89 and a 12 month high of $14.00.
HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.03). The firm had revenue of $41.36 million for the quarter, compared to the consensus estimate of $36.01 million. HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%. As a group, sell-side analysts anticipate that HarborOne Bancorp, Inc. will post 0.83 EPS for the current year.
HarborOne Bancorp Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $0.04 annualized dividend and a dividend yield of 0.35%. HarborOne Bancorp's dividend payout ratio is currently 50.79%.
HarborOne Bancorp Profile
(
Free Report)
HarborOne Bancorp, Inc operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and mid-size businesses, and municipalities. The company operates in two segments, HarborOne Bank and HarborOne Mortgage. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and primary lending products comprise commercial real estate, commercial, residential mortgages, home equity, and consumer loans.
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