Point72 Asia Singapore Pte. Ltd. Boosts Position in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Point72 Asia Singapore Pte. Ltd. grew its position in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 164.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,217 shares of the financial services provider’s stock after buying an additional 2,624 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in HarborOne Bancorp were worth $55,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in 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 in the last quarter. PDT Partners LLC purchased a new stake in shares of HarborOne Bancorp in the third quarter valued at $313,000. Renaissance Technologies LLC boosted its stake in shares of HarborOne Bancorp by 5.7% during the second quarter. Renaissance Technologies LLC now owns 387,241 shares of the financial services provider’s stock valued at $4,310,000 after acquiring an additional 20,800 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of HarborOne Bancorp by 192.0% during the second quarter. Cubist Systematic Strategies LLC now owns 28,700 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 18,870 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in HarborOne Bancorp during the 3rd quarter worth about $203,000. Institutional investors and hedge funds own 65.01% of the company’s stock.

Insiders Place Their Bets

In other news, CMO David E. Tryder sold 13,000 shares of HarborOne Bancorp stock in a transaction that occurred on Tuesday, September 10th. The shares were 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 in the company, valued at $189,184.32. This trade represents a 46.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Piper Sandler reduced their target price on shares of HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. StockNews.com upgraded shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd.

HarborOne Bancorp Stock Up 0.5 %

Shares of NASDAQ:HONE opened at $13.07 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92. The firm has a market cap of $575.73 million, a price-to-earnings ratio of 46.68 and a beta of 0.75. The stock’s 50-day moving average price is $12.77 and its two-hundred day moving average price is $12.16. HarborOne Bancorp, Inc. has a 12-month low of $9.15 and a 12-month high of $14.00.

HarborOne Bancorp (NASDAQ:HONE) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). HarborOne Bancorp had a return on equity of 3.82% and a net margin of 3.68%. The company had revenue of $79.60 million during the quarter, compared to analyst estimates of $43.37 million. On average, research analysts forecast that HarborOne Bancorp, Inc. will post 0.62 EPS for the current year.

HarborOne Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Monday, October 14th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Friday, October 11th. HarborOne Bancorp’s dividend payout ratio (DPR) 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.