HarborOne Bancorp, Inc. (NASDAQ:HONE) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. raised its position in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 11.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 95,121 shares of the financial services provider’s stock after purchasing an additional 10,030 shares during the period. D. E. Shaw & Co. Inc. owned about 0.22% of HarborOne Bancorp worth $1,125,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC boosted its position in shares of HarborOne Bancorp by 306.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 141,343 shares of the financial services provider’s stock worth $1,672,000 after buying an additional 106,526 shares in the last quarter. Balyasny Asset Management L.P. raised its position in HarborOne Bancorp by 31.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 22,078 shares of the financial services provider’s stock worth $261,000 after acquiring an additional 5,228 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of HarborOne Bancorp by 27.9% in the fourth quarter. Bank of America Corp DE now owns 89,680 shares of the financial services provider’s stock valued at $1,061,000 after purchasing an additional 19,543 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of HarborOne Bancorp in the fourth quarter valued at approximately $284,000. Finally, Rhino Investment Partners Inc purchased a new position in shares of HarborOne Bancorp during the 4th quarter worth approximately $3,185,000. Institutional investors and hedge funds own 65.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Janney Montgomery Scott reiterated a “neutral” rating on shares of HarborOne Bancorp in a report on Tuesday, April 29th. Wall Street Zen began coverage on HarborOne Bancorp in a research report on Thursday. They issued a “hold” rating on the stock. Finally, Seaport Res Ptn upgraded HarborOne Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th.

HarborOne Bancorp Trading Down 0.4%

Shares of HONE opened at $11.25 on Friday. HarborOne Bancorp, Inc. has a one year low of $8.89 and a one year high of $14.00. The stock has a 50-day moving average price of $10.59 and a 200 day moving average price of $11.57. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.12. The company has a market capitalization of $484.77 million, a P/E ratio of 17.05 and a beta of 0.60.

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

HarborOne Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, April 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.36%. HarborOne Bancorp’s dividend payout ratio (DPR) is 57.14%.

HarborOne Bancorp Company 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 primary lending products comprise commercial real estate, commercial, residential mortgages, home equity, and consumer loans.