Teacher Retirement System of Texas Sells 35,812 Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE)

Teacher Retirement System of Texas lessened its holdings in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 51.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,394 shares of the financial services provider’s stock after selling 35,812 shares during the period. Teacher Retirement System of Texas owned approximately 0.08% of HarborOne Bancorp worth $346,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HONE. Tower Research Capital LLC TRC increased its position in HarborOne Bancorp by 128.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,507 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 2,538 shares during the last quarter. Quarry LP bought a new position in HarborOne Bancorp during the fourth quarter valued at $57,000. Quantbot Technologies LP increased its position in HarborOne Bancorp by 18.3% during the fourth quarter. Quantbot Technologies LP now owns 6,677 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 1,033 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in HarborOne Bancorp during the fourth quarter valued at $81,000. Finally, Aquatic Capital Management LLC bought a new position in HarborOne Bancorp during the fourth quarter valued at $101,000. Institutional investors own 65.01% of the company’s stock.

Analyst Ratings Changes

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

HarborOne Bancorp Price Performance

Shares of HarborOne Bancorp stock opened at $12.16 on Friday. HarborOne Bancorp, Inc. has a 1 year low of $8.89 and a 1 year high of $14.00. The firm’s 50-day moving average is $11.62 and its two-hundred day moving average is $11.25. The stock has a market cap of $523.79 million, a price-to-earnings ratio of 19.30 and a beta of 0.59.

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 4.33% and a net margin of 8.13%. The business had revenue of $41.36 million for the quarter, compared to the consensus estimate of $36.01 million. On average, equities analysts expect that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current year.

HarborOne Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.96%. This is a positive change from HarborOne Bancorp’s previous quarterly dividend of $0.01. The ex-dividend date is Wednesday, July 9th. HarborOne Bancorp’s dividend payout ratio is presently 57.14%.

HarborOne Bancorp 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.