Invesco Ltd. Sells 28,580 Shares of HarborOne Bancorp, Inc. $HONE

Invesco Ltd. reduced its stake in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 26.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,015 shares of the financial services provider’s stock after selling 28,580 shares during the period. Invesco Ltd. owned approximately 0.18% of HarborOne Bancorp worth $809,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of HarborOne Bancorp by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,934 shares of the financial services provider’s stock worth $259,000 after buying an additional 930 shares in the last quarter. CWM LLC grew its stake in shares of HarborOne Bancorp by 35.3% in the first quarter. CWM LLC now owns 5,079 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,326 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of HarborOne Bancorp by 0.7% in the first quarter. Victory Capital Management Inc. now owns 288,142 shares of the financial services provider’s stock worth $2,988,000 after purchasing an additional 2,070 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of HarborOne Bancorp by 128.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,507 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 2,538 shares during the last quarter. Finally, TD Asset Management Inc boosted its position in HarborOne Bancorp by 4.6% during the 1st quarter. TD Asset Management Inc now owns 81,800 shares of the financial services provider’s stock valued at $848,000 after acquiring an additional 3,616 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

HarborOne Bancorp Stock Performance

Shares of HarborOne Bancorp stock opened at $12.78 on Thursday. The company has a market capitalization of $551.58 million, a P/E ratio of 19.66 and a beta of 0.63. HarborOne Bancorp, Inc. has a fifty-two week low of $8.89 and a fifty-two week high of $13.73. The company has a fifty day moving average of $12.16 and a 200 day moving average of $11.34.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The business had revenue of $45.44 million for the quarter, compared to analysts’ expectations of $32.39 million. HarborOne Bancorp had a net margin of 8.43% and a return on equity of 4.66%. Analysts forecast that HarborOne Bancorp, Inc. will post 0.83 EPS for the current year.

HarborOne Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Wednesday, September 3rd will be paid a $0.09 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $0.36 annualized dividend and a yield of 2.8%. HarborOne Bancorp’s payout ratio is presently 55.38%.

Wall Street Analyst Weigh In

Several research firms have weighed in on HONE. Piper Sandler lifted their price objective on HarborOne Bancorp from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Wall Street Zen upgraded shares of HarborOne Bancorp to a “hold” rating in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

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.