HarborOne Bancorp (NASDAQ:HONE) Sets New 52-Week High at $13.10

HarborOne Bancorp, Inc. (NASDAQ:HONE)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $13.10 and last traded at $13.03, with a volume of 120799 shares traded. The stock had previously closed at $12.60.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, April 26th.

HarborOne Bancorp Stock Up 3.4 %

The stock has a market capitalization of $582.18 million, a price-to-earnings ratio of 34.05 and a beta of 0.74. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.31. The business’s 50-day moving average is $10.80 and its two-hundred day moving average is $10.61.

HarborOne Bancorp (NASDAQ:HONE) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $41.32 million for the quarter, compared to analysts’ expectations of $39.98 million. HarborOne Bancorp had a return on equity of 4.58% and a net margin of 5.38%. Equities analysts anticipate that HarborOne Bancorp, Inc. will post 0.64 EPS for the current year.

HarborOne Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 10th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.46%. The ex-dividend date is Wednesday, July 10th. HarborOne Bancorp’s payout ratio is currently 86.49%.

Institutional Investors Weigh In On HarborOne Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Barrett & Company Inc. boosted its holdings in HarborOne Bancorp by 5,618.0% in the 4th quarter. Barrett & Company Inc. now owns 5,089 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 5,000 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of HarborOne Bancorp during the 4th quarter valued at approximately $108,000. Price T Rowe Associates Inc. MD lifted its holdings in HarborOne Bancorp by 14.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,781 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 1,498 shares during the last quarter. Catalytic Wealth RIA LLC acquired a new position in HarborOne Bancorp in the fourth quarter valued at approximately $154,000. Finally, SG Americas Securities LLC grew its position in HarborOne Bancorp by 27.0% in the fourth quarter. SG Americas Securities LLC now owns 26,842 shares of the financial services provider’s stock worth $322,000 after acquiring an additional 5,713 shares during the period. 65.01% of the stock is currently owned by institutional investors and hedge funds.

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.