HarborOne Bancorp, Inc. (NASDAQ:HONE) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 4.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 684,406 shares of the financial services provider’s stock after selling 33,603 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.47% of HarborOne Bancorp worth $5,941,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in HarborOne Bancorp by 7.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,425,874 shares of the financial services provider’s stock worth $29,596,000 after acquiring an additional 175,083 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of HarborOne Bancorp by 58.5% in the 4th quarter. Millennium Management LLC now owns 467,192 shares of the financial services provider’s stock valued at $6,494,000 after buying an additional 172,368 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of HarborOne Bancorp by 94.8% in the 2nd quarter. Victory Capital Management Inc. now owns 179,987 shares of the financial services provider’s stock valued at $1,562,000 after buying an additional 87,587 shares in the last quarter. State Street Corp boosted its holdings in shares of HarborOne Bancorp by 5.4% in the 1st 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 in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of HarborOne Bancorp by 32.0% in the 1st quarter. American Century Companies Inc. now owns 288,955 shares of the financial services provider’s stock valued at $3,517,000 after buying an additional 70,055 shares in the last quarter. 52.96% of the stock is currently owned by institutional investors and hedge funds.

HarborOne Bancorp Stock Down 0.3 %

HONE stock opened at $11.21 on Tuesday. The company has a fifty day moving average price of $9.86 and a 200 day moving average price of $9.50. HarborOne Bancorp, Inc. has a 12 month low of $7.51 and a 12 month high of $14.93. The company has a market cap of $513.05 million, a price-to-earnings ratio of 15.15 and a beta of 0.71. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.12 and a quick ratio of 1.12.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $42.68 million during the quarter, compared to the consensus estimate of $42.23 million. HarborOne Bancorp had a net margin of 11.93% and a return on equity of 5.47%. Sell-side analysts expect that HarborOne Bancorp, Inc. will post 0.69 earnings per share for the current year.

HarborOne Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 30th. Shareholders of record on Monday, October 16th were paid a dividend of $0.075 per share. The ex-dividend date was Friday, October 13th. This represents a $0.30 annualized dividend and a dividend yield of 2.68%. HarborOne Bancorp’s dividend payout ratio is currently 40.54%.

Analyst Ratings Changes

Several research firms recently commented on HONE. StockNews.com downgraded shares of HarborOne Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday. Seaport Res Ptn reiterated a “neutral” rating on shares of HarborOne Bancorp in a research report on Tuesday, September 12th.

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.