24,127 Shares in HarborOne Bancorp, Inc. (NASDAQ:HONE) Bought by PDT Partners LLC

PDT Partners LLC purchased a new position in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 24,127 shares of the financial services provider’s stock, valued at approximately $313,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Eastern Bank purchased a new stake in HarborOne Bancorp during the 3rd quarter worth $31,000. nVerses Capital LLC purchased a new stake in HarborOne Bancorp during the 2nd quarter worth $27,000. Quantbot Technologies LP purchased a new stake in HarborOne Bancorp during the 3rd quarter worth $73,000. Price T Rowe Associates Inc. MD increased its stake in HarborOne Bancorp by 14.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,781 shares of the financial services provider’s stock worth $126,000 after buying an additional 1,498 shares during the period. Finally, Quest Partners LLC purchased a new stake in HarborOne Bancorp during the 3rd quarter worth $158,000. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Insider Activity

In other news, CMO David E. Tryder sold 13,000 shares of HarborOne Bancorp stock in a transaction dated Tuesday, September 10th. The shares were 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 of the company’s stock, valued at approximately $189,184.32. The trade was a 46.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 4.90% of the company’s stock.

HarborOne Bancorp Price Performance

Shares of HONE stock opened at $12.76 on Wednesday. The firm has a market cap of $562.08 million, a P/E ratio of 45.57 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, Inc. has a 1-year low of $9.15 and a 1-year high of $14.00. The firm has a fifty day moving average of $12.74 and a two-hundred day moving average of $12.12.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). HarborOne Bancorp had a net margin of 3.68% and a return on equity of 3.82%. The business had revenue of $79.60 million during the quarter, compared to analyst estimates of $43.37 million. As a group, research analysts anticipate 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. Stockholders of record on Monday, October 14th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Friday, October 11th. HarborOne Bancorp’s dividend payout ratio (DPR) is presently 114.29%.

Analyst Ratings Changes

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

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.