Cwm LLC Raises Stake in HarborOne Bancorp, Inc. $HONE

Cwm LLC grew its stake in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) by 83.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,318 shares of the financial services provider’s stock after purchasing an additional 4,239 shares during the quarter. Cwm LLC’s holdings in HarborOne Bancorp were worth $109,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Millennium Management LLC lifted its stake in HarborOne Bancorp by 70.5% in the first quarter. Millennium Management LLC now owns 463,597 shares of the financial services provider’s stock worth $4,808,000 after acquiring an additional 191,719 shares during the period. Victory Capital Management Inc. lifted its stake in 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 acquiring an additional 2,070 shares during the period. Nuveen LLC purchased a new stake in HarborOne Bancorp in the first quarter worth about $1,484,000. Empowered Funds LLC lifted its stake in HarborOne Bancorp by 8.5% in the first quarter. Empowered Funds LLC now owns 134,279 shares of the financial services provider’s stock worth $1,392,000 after acquiring an additional 10,523 shares during the period. Finally, Jane Street Group LLC lifted its stake in HarborOne Bancorp by 350.3% in the first quarter. Jane Street Group LLC now owns 106,075 shares of the financial services provider’s stock worth $1,100,000 after acquiring an additional 82,521 shares during the period. 65.01% of the stock is owned by hedge funds and other institutional investors.

HarborOne Bancorp Stock Down 1.8%

HONE opened at $12.10 on Friday. HarborOne Bancorp, Inc. has a 52-week low of $8.89 and a 52-week high of $14.29. The company has a market cap of $522.24 million, a P/E ratio of 18.62 and a beta of 0.61. The firm’s 50-day moving average price is $13.27 and its 200-day moving average price is $12.13.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Piper Sandler upped their price objective on shares of HarborOne Bancorp from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Wall Street Zen upgraded shares of HarborOne Bancorp to a “hold” rating in a report on Friday, August 22nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of HarborOne Bancorp in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

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.