PDT Partners LLC Takes $313,000 Position in HarborOne Bancorp, Inc. (NASDAQ:HONE)

PDT Partners LLC purchased a new stake in HarborOne Bancorp, Inc. (NASDAQ:HONE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,127 shares of the financial services provider’s stock, valued at approximately $313,000. PDT Partners LLC owned about 0.05% of HarborOne Bancorp at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HONE. Vanguard Group Inc. grew its position in shares of HarborOne Bancorp by 0.3% in the first 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 during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of 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 purchasing an additional 1,498 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of HarborOne Bancorp by 5.6% in the second quarter. Bank of New York Mellon Corp now owns 216,196 shares of the financial services provider’s stock valued at $2,406,000 after purchasing an additional 11,438 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of HarborOne Bancorp in the second quarter valued at approximately $27,000. Finally, TD Asset Management Inc grew its position in shares of HarborOne Bancorp by 14.2% in the second quarter. TD Asset Management Inc now owns 65,148 shares of the financial services provider’s stock valued at $725,000 after purchasing an additional 8,122 shares during the last quarter. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at HarborOne Bancorp

In other HarborOne Bancorp news, CMO David E. Tryder sold 13,000 shares of HarborOne Bancorp stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $12.48, for a total value of $162,240.00. Following the transaction, the chief marketing officer now owns 15,159 shares in the company, valued at $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 is available through this link. 4.90% of the stock is owned by company insiders.

HarborOne Bancorp Stock Down 1.2 %

Shares of NASDAQ HONE opened at $12.76 on Wednesday. HarborOne Bancorp, Inc. has a 1 year low of $9.15 and a 1 year high of $14.00. The firm’s 50 day moving average price is $12.74 and its 200 day moving average price is $12.12. The firm has a market cap of $562.08 million, a P/E ratio of 45.57 and a beta of 0.75. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.12.

HarborOne Bancorp (NASDAQ:HONE) last announced its earnings results 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). The firm had revenue of $79.60 million for the quarter, compared to analyst estimates of $43.37 million. HarborOne Bancorp had a return on equity of 3.82% and a net margin of 3.68%. As a group, sell-side analysts anticipate that HarborOne Bancorp, Inc. will post 0.62 earnings per share for the current year.

HarborOne Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Monday, October 14th were issued a $0.08 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.51%. HarborOne Bancorp’s dividend payout ratio (DPR) is presently 114.29%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Piper Sandler decreased their target price 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 shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd.

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.