HarborOne Bancorp, Inc. (NASDAQ:HONE) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. trimmed its position in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 0.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 181,346 shares of the financial services provider’s stock after selling 1,241 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in HarborOne Bancorp were worth $1,933,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake 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 worth $24,974,000 after acquiring an additional 6,511 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in HarborOne Bancorp by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,248,788 shares of the financial services provider’s stock worth $26,941,000 after purchasing an additional 72,823 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of HarborOne Bancorp by 13.4% during the fourth quarter. Victory Capital Management Inc. now owns 291,876 shares of the financial services provider’s stock worth $3,497,000 after buying an additional 34,551 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of HarborOne Bancorp by 8.2% in the first quarter. Empowered Funds LLC now owns 103,974 shares of the financial services provider’s stock worth $1,108,000 after buying an additional 7,842 shares in the last quarter. Finally, Spouting Rock Asset Management LLC boosted its position in HarborOne Bancorp by 15.7% during the fourth quarter. Spouting Rock Asset Management LLC now owns 81,833 shares of the financial services provider’s stock worth $980,000 after acquiring an additional 11,105 shares during the last quarter. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HONE. Piper Sandler raised their target price on shares of HarborOne Bancorp from $11.50 to $14.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. StockNews.com raised HarborOne Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, April 26th.

HarborOne Bancorp Stock Down 0.4 %

HONE stock opened at $13.35 on Thursday. HarborOne Bancorp, Inc. has a one year low of $9.14 and a one year high of $14.00. The firm has a market cap of $596.48 million, a PE ratio of 36.08 and a beta of 0.74. The firm’s 50 day moving average price is $11.21 and its 200-day moving average price is $10.70. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.17 and a current ratio of 1.17.

HarborOne Bancorp (NASDAQ:HONE) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. HarborOne Bancorp had a net margin of 5.20% and a return on equity of 4.58%. The firm had revenue of $79.87 million for the quarter, compared to analyst estimates of $42.43 million. On average, equities research analysts anticipate that HarborOne Bancorp, Inc. will post 0.66 EPS for the current year.

HarborOne Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 10th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.40%. The ex-dividend date was Wednesday, July 10th. HarborOne Bancorp’s dividend payout ratio is currently 86.49%.

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.