HarborOne Bancorp, Inc. (NASDAQ:HONE) CMO David E. Tryder Sells 13,000 Shares of Stock

HarborOne Bancorp, Inc. (NASDAQ:HONE) CMO David E. Tryder sold 13,000 shares of HarborOne Bancorp stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $12.48, for a total value of $162,240.00. Following the completion of the transaction, the chief marketing officer now directly owns 15,159 shares in the company, valued at approximately $189,184.32. The sale was disclosed in a document filed with the SEC, which is available at this link.

HarborOne Bancorp Stock Performance

Shares of HONE opened at $12.47 on Friday. The firm has a market cap of $553.79 million, a price-to-earnings ratio of 33.70 and a beta of 0.73. The company’s fifty day moving average is $12.50 and its 200-day moving average is $11.04. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 1.07. HarborOne Bancorp, Inc. has a 12 month low of $9.14 and a 12 month high of $14.00.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $79.87 million during the quarter, compared to analysts’ expectations of $42.43 million. HarborOne Bancorp had a return on equity of 4.59% and a net margin of 5.20%. Equities analysts expect that HarborOne Bancorp, Inc. will post 0.7 EPS for the current fiscal year.

HarborOne Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 10th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Wednesday, July 10th. HarborOne Bancorp’s dividend payout ratio is 86.49%.

Wall Street Analyst Weigh In

HONE has been the subject of a number of research reports. Piper Sandler lifted their target price on shares of HarborOne Bancorp from $11.50 to $14.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. StockNews.com lowered HarborOne Bancorp from a “hold” rating to a “sell” rating in a report on Friday, August 30th.

Institutional Trading of HarborOne Bancorp

Large investors have recently modified their holdings of the company. nVerses Capital LLC acquired a new stake in HarborOne Bancorp in the 2nd quarter valued at approximately $27,000. Quest Partners LLC acquired a new stake in shares of HarborOne Bancorp in the fourth quarter worth $108,000. Price T Rowe Associates Inc. MD increased its position 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 worth $126,000 after acquiring an additional 1,498 shares during the period. Catalytic Wealth RIA LLC acquired a new position in HarborOne Bancorp during the 4th quarter valued at $154,000. Finally, Hsbc Holdings PLC boosted its holdings in HarborOne Bancorp by 4.9% in the 2nd quarter. Hsbc Holdings PLC now owns 27,113 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 1,270 shares during the period. 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.