Empowered Funds LLC Raises Stake in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Empowered Funds LLC raised its position in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 5.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,790 shares of the financial services provider’s stock after buying an additional 5,896 shares during the quarter. Empowered Funds LLC owned about 0.27% of HarborOne Bancorp worth $1,529,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP grew its position in HarborOne Bancorp by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,461,705 shares of the financial services provider’s stock worth $27,398,000 after acquiring an additional 67,913 shares in the last quarter. Hsbc Holdings PLC raised its stake in HarborOne Bancorp by 4.9% during the second quarter. Hsbc Holdings PLC now owns 27,113 shares of the financial services provider’s stock valued at $299,000 after buying an additional 1,270 shares during the last quarter. Vanguard Group Inc. increased its position in shares of HarborOne Bancorp by 0.3% during the first quarter. Vanguard Group Inc. now owns 2,342,754 shares of the financial services provider’s stock valued at $24,974,000 after acquiring an additional 6,511 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of HarborOne Bancorp by 5.6% in the second quarter. Bank of New York Mellon Corp now owns 216,196 shares of the financial services provider’s stock worth $2,406,000 after acquiring an additional 11,438 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in HarborOne Bancorp by 14.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,781 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 1,498 shares during the last quarter. Institutional investors own 65.01% of the company’s stock.

HarborOne Bancorp Stock Up 0.1 %

HONE stock opened at $12.98 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 50-day moving average of $12.73 and a two-hundred day moving average of $11.98. HarborOne Bancorp, Inc. has a 12 month low of $9.15 and a 12 month high of $14.00. The company has a market cap of $571.76 million, a price-to-earnings ratio of 46.35 and a beta of 0.74.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings data 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). HarborOne Bancorp had a net margin of 3.68% and a return on equity of 3.82%. The business had revenue of $79.60 million during the quarter, compared to analysts’ expectations of $43.37 million. As a group, analysts forecast that HarborOne Bancorp, Inc. will post 0.62 earnings per share for the current fiscal year.

HarborOne Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Monday, October 14th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Friday, October 11th. HarborOne Bancorp’s dividend payout ratio is presently 114.29%.

Wall Street Analysts Forecast Growth

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

Insider Activity at HarborOne Bancorp

In other HarborOne Bancorp 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 value of $162,240.00. Following the completion of the sale, the chief marketing officer now directly owns 15,159 shares of the company’s stock, valued at approximately $189,184.32. The trade was a 46.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.