TD Asset Management Inc Acquires 8,122 Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE)

TD Asset Management Inc lifted its holdings in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 14.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,148 shares of the financial services provider’s stock after buying an additional 8,122 shares during the quarter. TD Asset Management Inc owned about 0.15% of HarborOne Bancorp worth $725,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HONE. Dimensional Fund Advisors LP raised its stake in shares of HarborOne Bancorp by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,248,788 shares of the financial services provider’s stock worth $26,941,000 after acquiring an additional 72,823 shares during the last quarter. Russell Investments Group Ltd. raised its position in HarborOne Bancorp by 26.7% in the 4th quarter. Russell Investments Group Ltd. now owns 34,913 shares of the financial services provider’s stock worth $418,000 after purchasing an additional 7,353 shares during the last quarter. Quest Partners LLC acquired a new position in HarborOne Bancorp during the 4th quarter worth $108,000. Vanguard Group Inc. boosted 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 buying an additional 6,511 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of HarborOne Bancorp by 14.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,781 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,498 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity at HarborOne Bancorp

In other HarborOne Bancorp news, CMO David E. Tryder sold 13,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $12.48, for a total value of $162,240.00. Following the sale, the chief marketing officer now directly owns 15,159 shares in the company, valued at $189,184.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 4.90% of the company’s stock.

HarborOne Bancorp Stock Performance

Shares of HarborOne Bancorp stock opened at $12.73 on Monday. The firm has a fifty day moving average of $12.54 and a two-hundred day moving average of $11.07. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.13 and a current ratio of 1.14. The stock has a market capitalization of $565.34 million, a price-to-earnings ratio of 34.41 and a beta of 0.73. HarborOne Bancorp, Inc. has a 52 week low of $9.14 and a 52 week high of $14.00.

HarborOne Bancorp (NASDAQ:HONE) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. HarborOne Bancorp had a return on equity of 4.59% and a net margin of 5.20%. The business had revenue of $79.87 million during the quarter, compared to the consensus estimate of $42.43 million. As a group, equities research analysts predict that HarborOne Bancorp, Inc. will post 0.7 EPS for the current year.

HarborOne Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Wednesday, July 10th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Wednesday, July 10th. HarborOne Bancorp’s dividend payout ratio is currently 86.49%.

HarborOne Bancorp 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.