HarborOne Bancorp (NASDAQ:HONE) Sets New 52-Week Low at $11.63

HarborOne Bancorp, Inc. (NASDAQ:HONE – Get Rating) shares reached a new 52-week low on Wednesday . The stock traded as low as $11.63 and last traded at $12.17, with a volume of 26988 shares trading hands. The stock had previously closed at $12.49.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of HarborOne Bancorp in a research report on Thursday. They set a “sell” rating for the company.

HarborOne Bancorp Stock Up 4.5 %

The company’s fifty day moving average price is $13.63 and its 200-day moving average price is $13.94. The stock has a market cap of $630.54 million, a P/E ratio of 13.46 and a beta of 0.72. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.01 and a current ratio of 1.01.

HarborOne Bancorp (NASDAQ:HONE – Get Rating) last released its earnings results on Thursday, January 26th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.08). HarborOne Bancorp had a return on equity of 7.29% and a net margin of 19.89%. The firm had revenue of $49.09 million during the quarter, compared to the consensus estimate of $53.80 million. Equities analysts forecast that HarborOne Bancorp, Inc. will post 0.93 EPS for the current year.

HarborOne Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Tuesday, January 3rd were issued a dividend of $0.07 per share. The ex-dividend date was Friday, December 30th. This represents a $0.28 dividend on an annualized basis and a yield of 2.14%. HarborOne Bancorp’s payout ratio is 28.87%.

Institutional Investors Weigh In On HarborOne Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can purchased a new position in HarborOne Bancorp during the 3rd quarter valued at about $32,000. Signaturefd LLC increased its position in HarborOne Bancorp by 35.3% during the 3rd quarter. Signaturefd LLC now owns 2,672 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 697 shares during the period. Point72 Hong Kong Ltd purchased a new position in HarborOne Bancorp during the 3rd quarter valued at about $45,000. FMR LLC increased its position in HarborOne Bancorp by 27.8% during the 2nd quarter. FMR LLC now owns 4,070 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 885 shares during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in HarborOne Bancorp during the 4th quarter valued at about $70,000. Institutional investors own 54.96% of the company’s stock.

About HarborOne Bancorp

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HarborOne Bancorp, Inc is a bank holding company, which engages in the provision of co-operative banking services. It operates through the HarborOne Bank and HarborOne Mortgage segments. The HarborOne Bank segment consists primarily of interest earned on loans and investment securities and service charges on deposit accounts.