Quantbot Technologies LP Buys 1,033 Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE)

Quantbot Technologies LP grew its stake in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 18.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,677 shares of the financial services provider’s stock after acquiring an additional 1,033 shares during the quarter. Quantbot Technologies LP’s holdings in HarborOne Bancorp were worth $79,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HONE. JPMorgan Chase & Co. grew its position in HarborOne Bancorp by 65.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 121,178 shares of the financial services provider’s stock valued at $1,573,000 after purchasing an additional 47,857 shares during the last quarter. Barclays PLC lifted its stake in shares of HarborOne Bancorp by 40.7% in the third quarter. Barclays PLC now owns 107,289 shares of the financial services provider’s stock worth $1,392,000 after buying an additional 31,045 shares in the last quarter. Genesis Wealth Advisors LLC purchased a new stake in shares of HarborOne Bancorp during the fourth quarter valued at approximately $356,000. Jane Street Group LLC increased its position in shares of HarborOne Bancorp by 76.6% during the third quarter. Jane Street Group LLC now owns 67,031 shares of the financial services provider’s stock valued at $870,000 after acquiring an additional 29,066 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in HarborOne Bancorp by 194.9% in the 3rd quarter. Franklin Resources Inc. now owns 37,714 shares of the financial services provider’s stock worth $496,000 after acquiring an additional 24,924 shares during the last quarter. 65.01% of the stock is owned by institutional investors.

HarborOne Bancorp Stock Performance

Shares of HONE opened at $10.37 on Tuesday. The company has a market cap of $451.07 million, a price-to-earnings ratio of 15.71 and a beta of 0.73. The business’s fifty day simple moving average is $11.39 and its two-hundred day simple moving average is $12.14. HarborOne Bancorp, Inc. has a 12 month low of $9.16 and a 12 month high of $14.00. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92.

HarborOne Bancorp (NASDAQ:HONE) last issued its earnings results on Tuesday, February 4th. The financial services provider reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%. Research analysts anticipate that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Wednesday, April 9th. HarborOne Bancorp’s payout ratio is currently 48.48%.

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.