ProShare Advisors LLC Invests $128,000 in HarborOne Bancorp, Inc. (NASDAQ:HONE)

ProShare Advisors LLC bought a new stake in HarborOne Bancorp, Inc. (NASDAQ:HONE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,795 shares of the financial services provider’s stock, valued at approximately $128,000.

Several other hedge funds also recently made changes to their positions in HONE. T. Rowe Price Investment Management Inc. raised its holdings in HarborOne Bancorp by 2.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,693,131 shares of the financial services provider’s stock worth $67,350,000 after purchasing an additional 131,602 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of HarborOne Bancorp by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,592,784 shares of the financial services provider’s stock worth $30,673,000 after buying an additional 47,592 shares during the period. Vanguard Group Inc. increased its stake in shares of HarborOne Bancorp by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 2,247,931 shares of the financial services provider’s stock worth $26,593,000 after acquiring an additional 75,328 shares in the last quarter. Northern Trust Corp lifted its position in HarborOne Bancorp by 5.7% during the 4th quarter. Northern Trust Corp now owns 364,935 shares of the financial services provider’s stock valued at $4,317,000 after acquiring an additional 19,600 shares during the period. Finally, American Century Companies Inc. lifted its position in HarborOne Bancorp by 1.0% during the 4th quarter. American Century Companies Inc. now owns 356,944 shares of the financial services provider’s stock valued at $4,223,000 after acquiring an additional 3,688 shares during the period. 65.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HONE shares. Seaport Res Ptn raised shares of HarborOne Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 25th. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of HarborOne Bancorp in a research report on Tuesday, April 29th. Finally, Wall Street Zen started coverage on HarborOne Bancorp in a report on Thursday, May 22nd. They issued a “hold” rating on the stock.

HarborOne Bancorp Stock Down 1.4%

Shares of HarborOne Bancorp stock opened at $11.22 on Tuesday. The company has a 50-day simple moving average of $10.66 and a two-hundred day simple moving average of $11.47. HarborOne Bancorp, Inc. has a 52-week low of $8.89 and a 52-week high of $14.00. 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 stock has a market capitalization of $483.48 million, a PE ratio of 17.00 and a beta of 0.60.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $36.01 million. On average, analysts anticipate that HarborOne Bancorp, Inc. will post 0.83 EPS 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 paid a $0.01 dividend. The ex-dividend date was Wednesday, April 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.36%. HarborOne Bancorp’s dividend payout ratio is presently 57.14%.

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.