Focus Partners Wealth Makes New Investment in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Focus Partners Wealth purchased a new position in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 36,875 shares of the financial services provider’s stock, valued at approximately $436,000. Focus Partners Wealth owned approximately 0.08% of HarborOne Bancorp at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in HarborOne Bancorp by 128.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,507 shares of the financial services provider’s stock worth $53,000 after buying an additional 2,538 shares in the last quarter. Quarry LP bought a new stake in shares of HarborOne Bancorp in the 4th quarter valued at about $57,000. US Bancorp DE raised its holdings in shares of HarborOne Bancorp by 1,306.7% in the 4th quarter. US Bancorp DE now owns 5,880 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 5,462 shares during the period. Quantbot Technologies LP raised its holdings in shares of HarborOne Bancorp by 18.3% in the 4th quarter. Quantbot Technologies LP now owns 6,677 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 1,033 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of HarborOne Bancorp in the 4th quarter valued at about $81,000. 65.01% of the stock is owned by institutional investors.

HarborOne Bancorp Stock Performance

Shares of NASDAQ:HONE opened at $11.69 on Wednesday. The company’s 50 day moving average price is $10.55 and its two-hundred day moving average price is $11.58. HarborOne Bancorp, Inc. has a 12-month low of $8.89 and a 12-month high of $14.00. The firm has a market cap of $503.73 million, a PE ratio of 17.71 and a beta of 0.60. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.92.

HarborOne Bancorp (NASDAQ:HONE) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%. The firm had revenue of $41.36 million for the quarter, compared to the consensus estimate of $36.01 million. Equities research analysts predict 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 was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Wednesday, April 9th. HarborOne Bancorp’s dividend payout ratio (DPR) is presently 57.14%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HONE. Seaport Res Ptn upgraded shares of HarborOne Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 25th. Janney Montgomery Scott restated a “neutral” rating on shares of HarborOne Bancorp in a research report on Tuesday, April 29th. Finally, StockNews.com assumed coverage on shares of HarborOne Bancorp in a research report on Wednesday, May 14th. They set a “hold” rating on the stock.

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.