Quantbot Technologies LP Purchases Shares of 5,644 HarborOne Bancorp, Inc. (NASDAQ:HONE)

Quantbot Technologies LP acquired a new position in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,644 shares of the financial services provider’s stock, valued at approximately $73,000.

A number of other large investors have also made changes to their positions in HONE. Eastern Bank bought a new position in HarborOne Bancorp during the third quarter valued at about $31,000. nVerses Capital LLC acquired a new stake in shares of HarborOne Bancorp during the 2nd quarter worth approximately $27,000. Price T Rowe Associates Inc. MD increased its position in shares of 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 purchasing an additional 1,498 shares during the period. Quest Partners LLC acquired a new position in shares of HarborOne Bancorp in the third quarter valued at $158,000. Finally, Creative Planning lifted its position in HarborOne Bancorp by 27.8% in the third quarter. Creative Planning now owns 13,309 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 2,898 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

HarborOne Bancorp Price Performance

Shares of HONE stock opened at $13.07 on Friday. The stock’s fifty day simple moving average is $12.77 and its 200 day simple moving average is $12.15. HarborOne Bancorp, Inc. has a one year low of $9.15 and a one year high of $14.00. 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 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 (NASDAQ:HONE) last issued its 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). The firm had revenue of $79.60 million during the quarter, compared to analyst estimates of $43.37 million. HarborOne Bancorp had a net margin of 3.68% and a return on equity of 3.82%. On average, analysts expect that HarborOne Bancorp, Inc. will post 0.62 earnings per share for the current fiscal year.

HarborOne Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Monday, October 14th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.32 annualized dividend and a yield of 2.45%. HarborOne Bancorp’s dividend payout ratio is 114.29%.

Analyst Ratings Changes

HONE has been the subject of a number of recent research reports. Piper Sandler dropped their price objective on shares of HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. StockNews.com raised shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd.

Insider Transactions at HarborOne Bancorp

In related news, CMO David E. Tryder sold 13,000 shares of the stock in a transaction that occurred on 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 directly owns 15,159 shares in the company, valued at $189,184.32. This represents a 46.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.90% of the company’s stock.

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.