Zacks Investment Management Invests $471,000 in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Zacks Investment Management purchased a new position in HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,811 shares of the financial services provider's stock, valued at approximately $471,000. Zacks Investment Management owned about 0.09% of HarborOne Bancorp at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jane Street Group LLC boosted its position in shares of HarborOne Bancorp by 76.6% during the 3rd quarter. Jane Street Group LLC now owns 67,031 shares of the financial services provider's stock worth $870,000 after purchasing an additional 29,066 shares during the period. Barclays PLC raised its position in HarborOne Bancorp by 40.7% during the 3rd quarter. Barclays PLC now owns 107,289 shares of the financial services provider's stock worth $1,392,000 after buying an additional 31,045 shares during the last quarter. Franklin Resources Inc. raised its position in HarborOne Bancorp by 194.9% in the third quarter. Franklin Resources Inc. now owns 37,714 shares of the financial services provider's stock worth $496,000 after acquiring an additional 24,924 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of HarborOne Bancorp by 65.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 121,178 shares of the financial services provider's stock worth $1,573,000 after acquiring an additional 47,857 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in HarborOne Bancorp by 29.8% during the fourth quarter. SG Americas Securities LLC now owns 27,357 shares of the financial services provider's stock worth $324,000 after acquiring an additional 6,288 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company's stock.

HarborOne Bancorp Trading Up 13.3 %

HONE traded up $1.34 during midday trading on Friday, hitting $11.40. The company's stock had a trading volume of 1,762,737 shares, compared to its average volume of 177,990. The firm has a 50-day moving average price of $10.45 and a two-hundred day moving average price of $11.73. HarborOne Bancorp, Inc. has a 52-week low of $8.89 and a 52-week high of $14.00. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92. The firm has a market cap of $506.86 million, a P/E ratio of 17.27 and a beta of 0.61.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last posted its quarterly 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 during the quarter, compared to analyst estimates of $36.01 million. On average, research analysts anticipate that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current year.

HarborOne Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. HarborOne Bancorp's dividend payout ratio is 48.48%.

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.