Geode Capital Management LLC Sells 8,136 Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE)

Geode Capital Management LLC lowered its position in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 903,483 shares of the financial services provider’s stock after selling 8,136 shares during the period. Geode Capital Management LLC owned approximately 2.05% of HarborOne Bancorp worth $10,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. US Bancorp DE lifted its stake in shares of HarborOne Bancorp by 1,306.7% during the 4th quarter. US Bancorp DE now owns 5,880 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 5,462 shares during the last quarter. Quantbot Technologies LP increased its stake in HarborOne Bancorp by 18.3% in the fourth quarter. Quantbot Technologies LP now owns 6,677 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 1,033 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of HarborOne Bancorp during the fourth quarter worth $81,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of HarborOne Bancorp during the fourth quarter valued at $176,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of HarborOne Bancorp by 31.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 16,678 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 3,993 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

HarborOne Bancorp Price Performance

HarborOne Bancorp stock opened at $9.71 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.12 and a quick ratio of 1.11. The stock has a market cap of $431.72 million, a price-to-earnings ratio of 14.71 and a beta of 0.61. The firm has a 50-day moving average of $10.53 and a two-hundred day moving average of $11.76. HarborOne Bancorp, Inc. has a 1 year low of $8.89 and a 1 year high of $14.00.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%. On average, research analysts forecast that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current year.

HarborOne Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.04 annualized dividend and a dividend yield of 0.41%. HarborOne Bancorp’s dividend payout ratio is currently 48.48%.

About HarborOne Bancorp

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.