T. Rowe Price Investment Management Inc. Has $67.35 Million Holdings in HarborOne Bancorp, Inc. (NASDAQ:HONE)

T. Rowe Price Investment Management Inc. raised its position in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,693,131 shares of the financial services provider's stock after purchasing an additional 131,602 shares during the quarter. T. Rowe Price Investment Management Inc. owned 12.92% of HarborOne Bancorp worth $67,350,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP increased its holdings in shares of HarborOne Bancorp by 18.3% in the fourth quarter. Quantbot Technologies LP now owns 6,677 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 1,033 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of HarborOne Bancorp by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,407 shares of the financial services provider's stock valued at $3,779,000 after buying an additional 2,363 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of HarborOne Bancorp by 128.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,507 shares of the financial services provider's stock valued at $53,000 after buying an additional 2,538 shares during the period. Russell Investments Group Ltd. lifted its stake in HarborOne Bancorp by 6.1% during the fourth quarter. Russell Investments Group Ltd. now owns 58,425 shares of the financial services provider's stock worth $691,000 after purchasing an additional 3,383 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in HarborOne Bancorp by 1.0% in 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 buying an additional 3,688 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Janney Montgomery Scott reiterated a "neutral" rating on shares of HarborOne Bancorp in a research note on Tuesday. Seaport Res Ptn upgraded shares of HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th.

HarborOne Bancorp Price Performance

Shares of NASDAQ HONE traded down $0.02 during trading on Thursday, hitting $11.30. The company had a trading volume of 244,121 shares, compared to its average volume of 185,074. The business's 50-day moving average is $10.41 and its 200 day moving average is $11.69. HarborOne Bancorp, Inc. has a 52 week low of $8.89 and a 52 week high of $14.00. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.12. The company has a market cap of $502.41 million, a P/E ratio of 17.14 and a beta of 0.61.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.03). HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. The firm had revenue of $41.36 million for the quarter, compared to the consensus estimate of $36.01 million. Equities research analysts predict that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The business also recently disclosed 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. This represents a $0.04 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend was Wednesday, April 9th. HarborOne Bancorp's dividend payout ratio is 50.79%.

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.