Short Interest in HarborOne Bancorp, Inc. (NASDAQ:HONE) Increases By 51.4%

HarborOne Bancorp, Inc. (NASDAQ:HONE - Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 598,800 shares, a growth of 51.4% from the April 30th total of 395,600 shares. Based on an average trading volume of 301,900 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.6% of the shares of the stock are sold short.

Hedge Funds Weigh In On HarborOne Bancorp

A number of institutional investors have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. raised its stake in 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 worth $67,350,000 after purchasing an additional 131,602 shares during the period. Dimensional Fund Advisors LP raised its stake in HarborOne Bancorp by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,592,784 shares of the financial services provider's stock worth $30,673,000 after purchasing an additional 47,592 shares during the period. Vanguard Group Inc. raised its stake in HarborOne Bancorp by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 2,247,931 shares of the financial services provider's stock worth $26,593,000 after purchasing an additional 75,328 shares during the period. Millennium Management LLC raised its stake in HarborOne Bancorp by 70.5% during the first quarter. Millennium Management LLC now owns 463,597 shares of the financial services provider's stock worth $4,808,000 after purchasing an additional 191,719 shares during the period. Finally, Northern Trust Corp raised its stake in HarborOne Bancorp by 5.7% during the fourth quarter. Northern Trust Corp now owns 364,935 shares of the financial services provider's stock worth $4,317,000 after purchasing an additional 19,600 shares during the period. 65.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen assumed coverage on shares of HarborOne Bancorp in a research report on Thursday, May 22nd. They set a "hold" rating on the stock. Janney Montgomery Scott restated a "neutral" rating on shares of HarborOne Bancorp in a research report on Tuesday, April 29th. Finally, Seaport Res Ptn upgraded shares of HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th.

HarborOne Bancorp Price Performance

HONE traded down $0.06 on Thursday, reaching $11.15. 435,068 shares of the company's stock were exchanged, compared to its average volume of 217,230. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.12 and a quick ratio of 1.11. The stock's fifty day moving average price is $10.69 and its 200-day moving average price is $11.47. HarborOne Bancorp has a twelve month low of $8.89 and a twelve month high of $14.00. The stock has a market cap of $480.46 million, a PE ratio of 16.89 and a beta of 0.60.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last issued 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). HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%. The firm had revenue of $41.36 million for the quarter, compared to analysts' expectations of $36.01 million. Sell-side analysts expect that HarborOne Bancorp will post 0.83 EPS for the current year.

HarborOne Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Wednesday, April 9th. HarborOne Bancorp's dividend payout ratio (DPR) is presently 57.14%.

About HarborOne Bancorp

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.