Rhino Investment Partners Inc Buys Shares of 269,272 HarborOne Bancorp, Inc. (NASDAQ:HONE)

Rhino Investment Partners Inc acquired a new stake in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 269,272 shares of the financial services provider's stock, valued at approximately $3,185,000. Rhino Investment Partners Inc owned approximately 0.61% of HarborOne Bancorp as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its position in shares of HarborOne Bancorp by 2.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,693,131 shares of the financial services provider's stock valued at $67,350,000 after purchasing an additional 131,602 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of HarborOne Bancorp by 78.9% during the 4th quarter. JPMorgan Chase & Co. now owns 216,837 shares of the financial services provider's stock valued at $2,565,000 after buying an additional 95,659 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of HarborOne Bancorp by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 2,247,931 shares of the financial services provider's stock worth $26,593,000 after acquiring an additional 75,328 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of HarborOne Bancorp by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,592,784 shares of the financial services provider's stock worth $30,673,000 after acquiring an additional 47,592 shares in the last quarter. Finally, Zacks Investment Management purchased a new position in HarborOne Bancorp during the 4th quarter valued at about $471,000. 65.01% of the stock is owned by institutional investors.

HarborOne Bancorp Stock Up 2.0 %

Shares of NASDAQ:HONE traded up $0.23 during trading on Friday, reaching $11.52. 823,017 shares of the stock traded hands, compared to its average volume of 189,873. HarborOne Bancorp, Inc. has a 52-week low of $8.89 and a 52-week high of $14.00. The stock has a market cap of $512.19 million, a P/E ratio of 17.45 and a beta of 0.60. The stock has a 50-day moving average of $10.41 and a two-hundred day moving average of $11.65. 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 (NASDAQ:HONE - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.03). The business had revenue of $41.36 million during 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 expect that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Wednesday, April 9th. HarborOne Bancorp's payout ratio is presently 50.79%.

Analysts Set New Price Targets

HONE has been the subject of a number of analyst reports. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of HarborOne Bancorp in a research note on Tuesday. Seaport Res Ptn upgraded HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th.

HarborOne Bancorp Profile

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.