Two Sigma Investments LP Increases Stake in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Two Sigma Investments LP grew its position in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 26.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,582 shares of the financial services provider’s stock after acquiring an additional 26,737 shares during the quarter. Two Sigma Investments LP owned about 0.29% of HarborOne Bancorp worth $1,497,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HONE. SG Americas Securities LLC raised 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 acquiring an additional 6,288 shares during the period. Empowered Funds LLC raised its stake in shares of HarborOne Bancorp by 5.1% in the fourth quarter. Empowered Funds LLC now owns 123,756 shares of the financial services provider’s stock valued at $1,464,000 after acquiring an additional 5,966 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of HarborOne Bancorp in the fourth quarter valued at $176,000. Genesis Wealth Advisors LLC purchased a new stake in shares of HarborOne Bancorp in the fourth quarter valued at $356,000. Finally, US Bancorp DE raised its stake in shares of HarborOne Bancorp by 1,306.7% in the fourth quarter. US Bancorp DE now owns 5,880 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 5,462 shares during the period. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently 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. Wall Street Zen began coverage on shares of HarborOne Bancorp in a report on Thursday, May 22nd. They issued a “hold” rating on the stock. Finally, Janney Montgomery Scott restated a “neutral” rating on shares of HarborOne Bancorp in a report on Tuesday, April 29th.

HarborOne Bancorp Trading Up 1.6%

NASDAQ HONE opened at $11.40 on Wednesday. The company’s 50-day moving average price is $10.67 and its 200-day moving average price is $11.47. 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 stock has a market cap of $491.24 million, a PE ratio of 17.27 and a beta of 0.60. HarborOne Bancorp, Inc. has a 12 month low of $8.89 and a 12 month high of $14.00.

HarborOne Bancorp (NASDAQ:HONE) last issued 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 business had revenue of $41.36 million for the quarter, compared to the consensus estimate of $36.01 million. Equities research analysts forecast that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current year.

HarborOne Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were issued 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%.

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.