Jane Street Group LLC Reduces Stake in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Jane Street Group LLC cut its holdings in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) by 64.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,554 shares of the financial services provider’s stock after selling 43,477 shares during the quarter. Jane Street Group LLC owned about 0.05% of HarborOne Bancorp worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of HONE. SG Americas Securities LLC grew its holdings in shares of HarborOne Bancorp by 29.8% during the 4th quarter. SG Americas Securities LLC now owns 27,357 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 6,288 shares during the period. Empowered Funds LLC grew its holdings in shares of HarborOne Bancorp by 5.1% during the 4th quarter. Empowered Funds LLC now owns 123,756 shares of the financial services provider’s stock worth $1,464,000 after purchasing an additional 5,966 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of HarborOne Bancorp during the 4th quarter worth $176,000. Genesis Wealth Advisors LLC purchased a new position in shares of HarborOne Bancorp during the 4th quarter worth $356,000. Finally, US Bancorp DE grew its holdings 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 purchasing an additional 5,462 shares during the period. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

HarborOne Bancorp Price Performance

HONE opened at $11.40 on Wednesday. The stock’s 50-day moving average price is $10.67 and its 200 day moving average price is $11.47. HarborOne Bancorp, Inc. has a 12-month low of $8.89 and a 12-month high of $14.00. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92. The firm has a market cap of $491.24 million, a price-to-earnings ratio of 17.27 and a beta of 0.60.

HarborOne Bancorp (NASDAQ:HONE) last posted its 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 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 analyst estimates of $36.01 million. As a group, sell-side analysts expect that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current year.

HarborOne Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.35%. The ex-dividend date was Wednesday, April 9th. HarborOne Bancorp’s payout ratio is 57.14%.

Analyst Upgrades and Downgrades

HONE has been the subject of a number of research analyst reports. Janney Montgomery Scott reiterated a “neutral” rating on shares of HarborOne Bancorp in a report on Tuesday, April 29th. Wall Street Zen initiated coverage on HarborOne Bancorp in a report on Thursday, May 22nd. They set a “hold” rating for the company. Finally, Seaport Res Ptn upgraded HarborOne Bancorp from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th.

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.