HarborOne Bancorp, Inc. (NASDAQ:HONE) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its position in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) by 1.4% during the third quarter, Holdings Channel reports. The firm owned 354,844 shares of the financial services provider’s stock after selling 5,000 shares during the quarter. Royce & Associates LP’s holdings in HarborOne Bancorp were worth $4,606,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of HONE. Dimensional Fund Advisors LP raised its holdings in shares of HarborOne Bancorp by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,461,705 shares of the financial services provider’s stock valued at $27,398,000 after buying an additional 67,913 shares during the period. Vanguard Group Inc. grew its position in HarborOne Bancorp by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 2,342,754 shares of the financial services provider’s stock valued at $24,974,000 after acquiring an additional 6,511 shares in the last quarter. Renaissance Technologies LLC increased its stake in HarborOne Bancorp by 5.7% during the second quarter. Renaissance Technologies LLC now owns 387,241 shares of the financial services provider’s stock worth $4,310,000 after purchasing an additional 20,800 shares during the period. American Century Companies Inc. lifted its position in shares of HarborOne Bancorp by 2.2% during the second quarter. American Century Companies Inc. now owns 348,448 shares of the financial services provider’s stock worth $3,878,000 after purchasing an additional 7,412 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake 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 period. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HONE shares. StockNews.com raised shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. Piper Sandler cut their price objective on HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th.

Insiders Place Their Bets

In other news, CMO David E. Tryder sold 13,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $12.48, for a total transaction of $162,240.00. Following the sale, the chief marketing officer now owns 15,159 shares of the company’s stock, valued at approximately $189,184.32. This trade represents a 46.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.90% of the stock is owned by company insiders.

HarborOne Bancorp Stock Performance

Shares of HONE opened at $13.00 on Tuesday. HarborOne Bancorp, Inc. has a 1 year low of $9.15 and a 1 year high of $14.00. The stock has a market capitalization of $572.68 million, a PE ratio of 46.43 and a beta of 0.74. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.13 and a current ratio of 1.12. The stock has a 50-day simple moving average of $12.70 and a 200-day simple moving average of $11.94.

HarborOne Bancorp (NASDAQ:HONE) last issued its quarterly 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). HarborOne Bancorp had a return on equity of 3.82% and a net margin of 3.68%. The firm had revenue of $79.60 million during the quarter, compared to analysts’ expectations of $43.37 million. On average, analysts predict that HarborOne Bancorp, Inc. will post 0.62 earnings per share for the current fiscal year.

HarborOne Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Monday, October 14th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Friday, October 11th. HarborOne Bancorp’s dividend payout ratio is presently 114.29%.

HarborOne Bancorp Company 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.