HarborOne Bancorp, Inc. (NASDAQ:HONE) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its position in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 1.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 354,844 shares of the financial services provider’s stock after selling 5,000 shares during the period. Royce & Associates LP owned about 0.80% of HarborOne Bancorp worth $4,606,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HONE. Russell Investments Group Ltd. boosted its stake in shares of HarborOne Bancorp by 13.7% in the first quarter. Russell Investments Group Ltd. now owns 39,703 shares of the financial services provider’s stock worth $423,000 after acquiring an additional 4,790 shares during the last quarter. Vanguard Group Inc. lifted its holdings in HarborOne Bancorp by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 2,342,754 shares of the financial services provider’s stock valued at $24,974,000 after purchasing an additional 6,511 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in HarborOne Bancorp by 14.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,781 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 1,498 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of HarborOne Bancorp by 5.6% during the second quarter. Bank of New York Mellon Corp now owns 216,196 shares of the financial services provider’s stock worth $2,406,000 after buying an additional 11,438 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of HarborOne Bancorp in the second quarter valued at about $27,000. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

HarborOne Bancorp Stock Down 0.8 %

Shares of NASDAQ:HONE opened at $13.00 on Tuesday. HarborOne Bancorp, Inc. has a 52-week low of $9.15 and a 52-week high of $14.00. The stock has a market cap of $572.68 million, a P/E ratio of 46.43 and a beta of 0.74. The business has a fifty day moving average of $12.70 and a two-hundred day moving average of $11.94. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 0.92.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). HarborOne Bancorp had a net margin of 3.68% and a return on equity of 3.82%. The firm had revenue of $79.60 million during the quarter, compared to analysts’ expectations of $43.37 million. On average, research analysts expect that HarborOne Bancorp, Inc. will post 0.62 earnings per share for the current year.

HarborOne Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Monday, October 14th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, October 11th. HarborOne Bancorp’s payout ratio is presently 114.29%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Piper Sandler lowered their price target on shares of HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. StockNews.com upgraded HarborOne Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd.

Insider Activity at HarborOne Bancorp

In related news, CMO David E. Tryder sold 13,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $12.48, for a total transaction of $162,240.00. Following the completion of the sale, the chief marketing officer now directly owns 15,159 shares of the company’s stock, valued at approximately $189,184.32. This trade represents a 46.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.90% of the stock is currently owned by insiders.

HarborOne Bancorp Company 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.