HarborOne Bancorp, Inc. (NASDAQ:HONE) Holdings Raised by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System grew its stake in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE – Get Rating) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,129 shares of the financial services provider’s stock after purchasing an additional 1,350 shares during the period. State Board of Administration of Florida Retirement System’s holdings in HarborOne Bancorp were worth $196,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HONE. State of New Jersey Common Pension Fund D purchased a new stake in shares of HarborOne Bancorp during the fourth quarter valued at $2,038,000. Dimensional Fund Advisors LP lifted its holdings in shares of HarborOne Bancorp by 7.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,864,232 shares of the financial services provider’s stock valued at $26,137,000 after purchasing an additional 135,505 shares during the last quarter. State Street Corp lifted its holdings in shares of HarborOne Bancorp by 5.4% during the first quarter. State Street Corp now owns 1,413,285 shares of the financial services provider’s stock valued at $19,814,000 after purchasing an additional 72,114 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of HarborOne Bancorp during the third quarter valued at $876,000. Finally, Millennium Management LLC purchased a new stake in shares of HarborOne Bancorp during the second quarter valued at $713,000. 54.96% of the stock is owned by hedge funds and other institutional investors.

HarborOne Bancorp Stock Up 4.0 %

Shares of HarborOne Bancorp stock opened at $8.38 on Tuesday. The stock has a 50-day moving average price of $10.82 and a 200 day moving average price of $12.88. The company has a market cap of $390.42 million, a P/E ratio of 9.52 and a beta of 0.68. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. HarborOne Bancorp, Inc. has a 1 year low of $7.51 and a 1 year high of $15.56.

HarborOne Bancorp (NASDAQ:HONE – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). HarborOne Bancorp had a return on equity of 6.62% and a net margin of 16.98%. The firm had revenue of $43.09 million for the quarter, compared to analysts’ expectations of $48.39 million. As a group, analysts expect that HarborOne Bancorp, Inc. will post 0.65 EPS for the current fiscal year.

HarborOne Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 12th were paid a dividend of $0.075 per share. The ex-dividend date was Tuesday, April 11th. This is an increase from HarborOne Bancorp’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.58%. HarborOne Bancorp’s dividend payout ratio (DPR) is 34.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Raymond James assumed coverage on HarborOne Bancorp in a research note on Thursday, April 6th. They issued a “market perform” rating for the company. StockNews.com assumed coverage on HarborOne Bancorp in a research note on Thursday, May 18th. They issued a “sell” rating for the company.

Insider Transactions at HarborOne Bancorp

In other news, Chairman Michael James Sullivan purchased 4,500 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was bought at an average cost of $7.82 per share, with a total value of $35,190.00. Following the purchase, the chairman now directly owns 76,749 shares of the company’s stock, valued at $600,177.18. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Chairman Michael James Sullivan acquired 4,500 shares of the stock in a transaction dated Friday, May 12th. The shares were acquired at an average price of $7.82 per share, with a total value of $35,190.00. Following the acquisition, the chairman now owns 76,749 shares in the company, valued at approximately $600,177.18. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph F. Casey acquired 10,000 shares of the stock in a transaction dated Thursday, May 4th. The shares were bought at an average cost of $8.25 per share, for a total transaction of $82,500.00. Following the acquisition, the chief executive officer now owns 313,806 shares in the company, valued at approximately $2,588,899.50. The disclosure for this purchase can be found here. Insiders bought 23,262 shares of company stock valued at $186,403 in the last three months. Corporate insiders own 5.96% of the company’s stock.

About HarborOne Bancorp

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HarborOne Bancorp, Inc is a bank holding company, which engages in the ownership of all the outstanding stock of HarborOne Bank, a state-chartered trust company. It operates under the HarborOne Bank and HarborOne Mortgage segments. The HarborOne Bank segment focuses on generating the consolidated net interest income and requires the provision for credit losses.