Barclays PLC Boosts Stock Position in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Barclays PLC grew its stake in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 12.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,082 shares of the financial services provider’s stock after purchasing an additional 13,793 shares during the period. Barclays PLC owned approximately 0.27% of HarborOne Bancorp worth $1,432,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in shares of HarborOne Bancorp by 194.9% in the third quarter. Franklin Resources Inc. now owns 37,714 shares of the financial services provider’s stock valued at $496,000 after buying an additional 24,924 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of HarborOne Bancorp by 65.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 121,178 shares of the financial services provider’s stock valued at $1,573,000 after purchasing an additional 47,857 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of HarborOne Bancorp by 29.8% in the fourth quarter. SG Americas Securities LLC now owns 27,357 shares of the financial services provider’s stock valued at $324,000 after purchasing an additional 6,288 shares during the period. Empowered Funds LLC boosted its holdings in HarborOne Bancorp by 5.1% during the fourth quarter. Empowered Funds LLC now owns 123,756 shares of the financial services provider’s stock worth $1,464,000 after buying an additional 5,966 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in HarborOne Bancorp during the fourth quarter worth about $176,000. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HONE. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of HarborOne Bancorp in a research report on Tuesday, April 29th. Seaport Res Ptn raised shares of HarborOne Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th.

HarborOne Bancorp Stock Performance

HONE stock opened at $11.52 on Friday. The company has a 50-day simple moving average of $10.41 and a 200 day simple moving average of $11.65. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $512.19 million, a P/E ratio of 17.45 and a beta of 0.60. HarborOne Bancorp, Inc. has a fifty-two week low of $8.89 and a fifty-two week high of $14.00.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.03). HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. The company had revenue of $41.36 million during the quarter, compared to the consensus estimate of $36.01 million. Sell-side analysts predict that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Wednesday, April 9th. HarborOne Bancorp’s dividend payout ratio (DPR) is 50.79%.

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.