HarborOne Bancorp, Inc. (NASDAQ:HONE) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System cut its position in shares of HarborOne Bancorp, Inc. (NASDAQ:HONEGet Rating) by 5.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 12,779 shares of the financial services provider’s stock after selling 748 shares during the period. State Board of Administration of Florida Retirement System’s holdings in HarborOne Bancorp were worth $176,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in HarborOne Bancorp by 7.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,864,232 shares of the financial services provider’s stock worth $26,137,000 after acquiring an additional 135,505 shares during the last quarter. State Street Corp increased its stake in HarborOne Bancorp by 5.4% during the first quarter. State Street Corp now owns 1,413,285 shares of the financial services provider’s stock worth $19,814,000 after acquiring an additional 72,114 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in HarborOne Bancorp by 0.6% during the first quarter. Goldman Sachs Group Inc. now owns 357,705 shares of the financial services provider’s stock worth $5,015,000 after acquiring an additional 2,246 shares during the last quarter. Russell Investments Group Ltd. increased its stake in HarborOne Bancorp by 1.5% during the second quarter. Russell Investments Group Ltd. now owns 247,040 shares of the financial services provider’s stock worth $3,404,000 after acquiring an additional 3,716 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in HarborOne Bancorp by 30.2% during the second quarter. State of New Jersey Common Pension Fund D now owns 170,953 shares of the financial services provider’s stock worth $2,357,000 after acquiring an additional 39,649 shares during the last quarter. 45.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HONE. StockNews.com began coverage on HarborOne Bancorp in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Piper Sandler raised HarborOne Bancorp from an “underweight” rating to a “neutral” rating in a research report on Wednesday, October 26th. Finally, Compass Point downgraded HarborOne Bancorp from a “buy” rating to a “neutral” rating and set a $14.00 target price for the company. in a research report on Wednesday, October 19th.

Insider Activity at HarborOne Bancorp

In related news, Director Gordon Jezard sold 83,263 shares of the stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $15.25, for a total value of $1,269,760.75. Following the completion of the transaction, the director now owns 40,118 shares of the company’s stock, valued at $611,799.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.96% of the stock is currently owned by company insiders.

HarborOne Bancorp Price Performance

Shares of NASDAQ HONE opened at $14.60 on Wednesday. HarborOne Bancorp, Inc. has a 1-year low of $12.82 and a 1-year high of $15.56. The business has a 50-day moving average of $14.15 and a 200-day moving average of $14.07. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $718.14 million, a price-to-earnings ratio of 14.46 and a beta of 0.72.

HarborOne Bancorp (NASDAQ:HONEGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The financial services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. The firm had revenue of $53.58 million during the quarter, compared to the consensus estimate of $51.95 million. HarborOne Bancorp had a return on equity of 7.58% and a net margin of 21.80%. On average, equities analysts anticipate that HarborOne Bancorp, Inc. will post 1.04 EPS for the current fiscal year.

HarborOne Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Tuesday, October 11th. HarborOne Bancorp’s dividend payout ratio is currently 27.72%.

HarborOne Bancorp Profile

(Get Rating)

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 lending products comprise commercial real estate, commercial, residential mortgages, and consumer loans, including indirect automobile lease loans.

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Institutional Ownership by Quarter for HarborOne Bancorp (NASDAQ:HONE)

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