HarborOne Bancorp, Inc. $HONE Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC cut its stake in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 4.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,717 shares of the financial services provider’s stock after selling 10,521 shares during the quarter. Acadian Asset Management LLC owned about 0.53% of HarborOne Bancorp worth $2,380,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of HONE. Millennium Management LLC grew its stake in shares of HarborOne Bancorp by 70.5% in the first quarter. Millennium Management LLC now owns 463,597 shares of the financial services provider’s stock valued at $4,808,000 after buying an additional 191,719 shares in the last quarter. Nuveen LLC acquired a new stake in shares of HarborOne Bancorp during the first quarter valued at about $1,484,000. Jane Street Group LLC grew its stake in shares of HarborOne Bancorp by 350.3% during the first quarter. Jane Street Group LLC now owns 106,075 shares of the financial services provider’s stock valued at $1,100,000 after acquiring an additional 82,521 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of HarborOne Bancorp during the fourth quarter valued at about $813,000. Finally, AQR Capital Management LLC grew its stake in shares of HarborOne Bancorp by 80.0% during the first quarter. AQR Capital Management LLC now owns 85,675 shares of the financial services provider’s stock valued at $888,000 after acquiring an additional 38,072 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Wall Street Analyst Weigh In

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

HarborOne Bancorp Stock Performance

HONE stock opened at $12.99 on Tuesday. The stock has a market cap of $560.65 million, a P/E ratio of 19.98 and a beta of 0.63. The firm has a 50 day simple moving average of $12.32 and a 200 day simple moving average of $11.41. HarborOne Bancorp, Inc. has a 52 week low of $8.89 and a 52 week high of $13.73.

HarborOne Bancorp (NASDAQ:HONE) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $45.44 million for the quarter, compared to analyst estimates of $32.39 million. HarborOne Bancorp had a net margin of 8.43% and a return on equity of 4.66%. Sell-side analysts predict that HarborOne Bancorp, Inc. will post 0.83 EPS for the current year.

HarborOne Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Wednesday, September 3rd were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Wednesday, September 3rd. HarborOne Bancorp’s dividend payout ratio is presently 55.38%.

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.