Short Interest in HarborOne Bancorp, Inc. (NASDAQ:HONE) Expands By 5.8%

HarborOne Bancorp, Inc. (NASDAQ:HONEGet Free Report) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 399,000 shares, a growth of 5.8% from the April 30th total of 377,300 shares. Based on an average trading volume of 160,300 shares, the short-interest ratio is presently 2.5 days. Currently, 1.0% of the shares of the stock are short sold.

HarborOne Bancorp Stock Performance

NASDAQ HONE opened at $10.22 on Tuesday. The company has a market capitalization of $456.63 million, a price-to-earnings ratio of 27.62 and a beta of 0.74. HarborOne Bancorp has a twelve month low of $8.56 and a twelve month high of $12.44. The stock has a fifty day simple moving average of $10.23 and a 200 day simple moving average of $10.77. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.31.

HarborOne Bancorp (NASDAQ:HONEGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. HarborOne Bancorp had a return on equity of 4.58% and a net margin of 5.38%. The business had revenue of $41.32 million during the quarter, compared to the consensus estimate of $39.98 million. Sell-side analysts expect that HarborOne Bancorp will post 0.64 EPS for the current year.

HarborOne Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were issued a dividend of $0.08 per share. This is an increase from HarborOne Bancorp’s previous quarterly dividend of $0.08. This represents a $0.32 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Tuesday, April 9th. HarborOne Bancorp’s dividend payout ratio (DPR) is presently 86.49%.

Institutional Trading of HarborOne Bancorp

Large investors have recently bought and sold shares of the business. Strs Ohio grew its stake in shares of HarborOne Bancorp by 13.6% in the 4th quarter. Strs Ohio now owns 50,800 shares of the financial services provider’s stock valued at $608,000 after buying an additional 6,100 shares during the period. Russell Investments Group Ltd. grew its stake in shares of HarborOne Bancorp by 26.7% in the 4th quarter. Russell Investments Group Ltd. now owns 34,913 shares of the financial services provider’s stock valued at $418,000 after buying an additional 7,353 shares during the period. Headinvest LLC acquired a new stake in shares of HarborOne Bancorp in the 3rd quarter valued at about $42,000. Victory Capital Management Inc. grew its stake in shares of HarborOne Bancorp by 13.4% in the 4th quarter. Victory Capital Management Inc. now owns 291,876 shares of the financial services provider’s stock valued at $3,497,000 after buying an additional 34,551 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of HarborOne Bancorp by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,248,788 shares of the financial services provider’s stock valued at $26,941,000 after buying an additional 72,823 shares during the period. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded HarborOne Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, April 26th.

Read Our Latest Report on HarborOne Bancorp

About HarborOne Bancorp

(Get Free Report)

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.

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