HarborOne Bancorp (NASDAQ:HONE) Sees Large Volume Increase – Here’s What Happened

HarborOne Bancorp, Inc. (NASDAQ:HONE) saw an uptick in trading volume on Friday . 480,903 shares changed hands during mid-day trading, an increase of 210% from the previous session’s volume of 155,183 shares.The stock last traded at $12.70 and had previously closed at $12.85.

Wall Street Analyst Weigh In

Several research firms have issued reports on HONE. Piper Sandler lowered 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 note on Friday, October 25th. StockNews.com upgraded shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd.

HarborOne Bancorp Price Performance

The firm has a 50-day simple moving average of $12.83 and a 200-day simple moving average of $12.23. The firm has a market capitalization of $565.60 million, a PE ratio of 45.86 and a beta of 0.75. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.12 and a quick ratio of 1.11.

HarborOne Bancorp (NASDAQ:HONE) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). The business had revenue of $79.60 million during the quarter, compared to the consensus estimate of $43.37 million. HarborOne Bancorp had a return on equity of 3.82% and a net margin of 3.68%. As a group, equities analysts forecast that HarborOne Bancorp, Inc. will post 0.62 earnings per share for the current year.

HarborOne Bancorp Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Friday, October 11th. HarborOne Bancorp’s payout ratio is 114.29%.

Hedge Funds Weigh In On HarborOne Bancorp

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in HarborOne Bancorp by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,461,705 shares of the financial services provider’s stock valued at $27,398,000 after purchasing an additional 67,913 shares during the period. Barclays PLC grew its stake in shares of HarborOne Bancorp by 40.7% during the 3rd quarter. Barclays PLC now owns 107,289 shares of the financial services provider’s stock valued at $1,392,000 after acquiring an additional 31,045 shares during the period. Jane Street Group LLC increased its holdings in HarborOne Bancorp by 76.6% in the 3rd quarter. Jane Street Group LLC now owns 67,031 shares of the financial services provider’s stock worth $870,000 after acquiring an additional 29,066 shares in the last quarter. Franklin Resources Inc. raised its stake in HarborOne Bancorp by 194.9% during the 3rd 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 during the period. Finally, PDT Partners LLC bought a new stake in shares of HarborOne Bancorp during the 3rd quarter valued at $313,000. 65.01% of the stock is owned by institutional investors.

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.