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

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

Analyst Ratings Changes

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

HarborOne Bancorp Price Performance

The stock’s 50 day moving average price is $10.80 and its 200-day moving average price is $10.61. 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 stock has a market capitalization of $582.18 million, a PE ratio of 34.05 and a beta of 0.74.

HarborOne Bancorp (NASDAQ:HONE) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The company had revenue of $41.32 million during the quarter, compared to analysts’ expectations of $39.98 million. HarborOne Bancorp had a net margin of 5.38% and a return on equity of 4.58%. As a group, equities analysts forecast that HarborOne Bancorp, Inc. will post 0.64 EPS for the current year.

HarborOne Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 10th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $0.32 annualized dividend and a yield of 2.46%. HarborOne Bancorp’s dividend payout ratio (DPR) is currently 86.49%.

Hedge Funds Weigh In On HarborOne Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Barrett & Company Inc. lifted its stake in HarborOne Bancorp by 5,618.0% in the fourth quarter. Barrett & Company Inc. now owns 5,089 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 5,000 shares during the period. Quest Partners LLC bought a new position in shares of HarborOne Bancorp during the fourth quarter valued at approximately $108,000. Price T Rowe Associates Inc. MD increased its holdings in HarborOne Bancorp by 14.6% during 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 buying an additional 1,498 shares during the period. Catalytic Wealth RIA LLC bought a new position in HarborOne Bancorp in the fourth quarter worth approximately $154,000. Finally, SG Americas Securities LLC raised its stake 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 buying an additional 5,713 shares in the last quarter. Institutional investors own 65.01% of the company’s stock.

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.