Bank of New York Mellon Corp Has $2.41 Million Stock Holdings in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Bank of New York Mellon Corp grew its holdings in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 5.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 216,196 shares of the financial services provider’s stock after acquiring an additional 11,438 shares during the period. Bank of New York Mellon Corp’s holdings in HarborOne Bancorp were worth $2,406,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HONE. Quest Partners LLC acquired a new stake in shares of HarborOne Bancorp in the 4th quarter valued at $108,000. Price T Rowe Associates Inc. MD raised its holdings 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 valued at $126,000 after buying an additional 1,498 shares in the last quarter. Catalytic Wealth RIA LLC acquired a new stake in shares of HarborOne Bancorp in the fourth quarter worth about $154,000. Russell Investments Group Ltd. boosted its stake in shares of HarborOne Bancorp by 26.7% during the 4th quarter. Russell Investments Group Ltd. now owns 34,913 shares of the financial services provider’s stock worth $418,000 after acquiring an additional 7,353 shares in the last quarter. Finally, Spouting Rock Asset Management LLC boosted its stake in shares of HarborOne Bancorp by 15.7% during the 4th quarter. Spouting Rock Asset Management LLC now owns 81,833 shares of the financial services provider’s stock worth $980,000 after acquiring an additional 11,105 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Insider Activity

In related news, CMO David E. Tryder sold 13,000 shares of the business’s stock in a transaction 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 transaction, the chief marketing officer now owns 15,159 shares of the company’s stock, valued at $189,184.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.90% of the stock is owned by company insiders.

HarborOne Bancorp Stock Up 0.7 %

HarborOne Bancorp stock opened at $12.82 on Tuesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.14 and a quick ratio of 1.13. HarborOne Bancorp, Inc. has a fifty-two week low of $9.14 and a fifty-two week high of $14.00. The firm has a fifty day moving average price of $12.58 and a two-hundred day moving average price of $11.09. The firm has a market cap of $572.75 million, a price-to-earnings ratio of 34.65 and a beta of 0.73.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.18 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $42.43 million. As a group, analysts forecast that HarborOne Bancorp, Inc. will post 0.7 earnings per share for the current year.

HarborOne Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 10th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.50%. HarborOne Bancorp’s dividend payout ratio (DPR) is presently 86.49%.

Wall Street Analyst Weigh In

HONE has been the topic of a number of recent analyst reports. StockNews.com downgraded HarborOne Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, August 30th. Piper Sandler lifted their price target 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.

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.