Bank of New York Mellon Corp Sells 203,635 Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE)

Bank of New York Mellon Corp trimmed its holdings in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) by 22.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 718,009 shares of the financial services provider’s stock after selling 203,635 shares during the period. Bank of New York Mellon Corp owned about 1.51% of HarborOne Bancorp worth $8,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HONE. Millennium Management LLC grew its holdings in HarborOne Bancorp by 58.5% during the 4th quarter. Millennium Management LLC now owns 467,192 shares of the financial services provider’s stock worth $6,494,000 after acquiring an additional 172,368 shares in the last quarter. Dimensional Fund Advisors LP lifted its position 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 buying an additional 135,505 shares during the last quarter. State Street Corp lifted its position 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 buying an additional 72,114 shares during the last quarter. Brandywine Global Investment Management LLC lifted its position in shares of HarborOne Bancorp by 115.3% during the fourth quarter. Brandywine Global Investment Management LLC now owns 95,345 shares of the financial services provider’s stock valued at $1,325,000 after buying an additional 51,053 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of HarborOne Bancorp by 37.8% during the second quarter. Renaissance Technologies LLC now owns 177,505 shares of the financial services provider’s stock valued at $2,448,000 after buying an additional 48,700 shares during the last quarter. 52.96% of the stock is currently owned by institutional investors.

HarborOne Bancorp Stock Performance

Shares of HarborOne Bancorp stock opened at $10.15 on Friday. The firm has a market capitalization of $472.43 million, a P/E ratio of 12.08 and a beta of 0.72. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.07. The company has a 50 day moving average price of $9.73 and a 200 day moving average price of $10.43. HarborOne Bancorp, Inc. has a 52 week low of $7.51 and a 52 week high of $15.56.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $44.76 million during the quarter, compared to analyst estimates of $42.11 million. HarborOne Bancorp had a net margin of 14.73% and a return on equity of 6.29%. Sell-side analysts expect that HarborOne Bancorp, Inc. will post 0.62 EPS for the current year.

HarborOne Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Wednesday, July 12th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Tuesday, July 11th. HarborOne Bancorp’s payout ratio is currently 35.71%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. StockNews.com assumed coverage on shares of HarborOne Bancorp in a research report on Thursday, August 17th. They set a “sell” rating for the company. TheStreet lowered shares of HarborOne Bancorp from a “b-” rating to a “c+” rating in a research report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat.com, HarborOne Bancorp has a consensus rating of “Hold” and an average price target of $13.75.

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 lending products comprise commercial real estate, commercial, residential mortgages, and consumer loans.