Victory Capital Management Inc. Trims Stock Holdings in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Victory Capital Management Inc. lessened its stake in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) by 8.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 264,254 shares of the financial services provider’s stock after selling 24,622 shares during the quarter. Victory Capital Management Inc. owned approximately 0.59% of HarborOne Bancorp worth $2,941,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of HarborOne Bancorp by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,248,788 shares of the financial services provider’s stock worth $26,941,000 after purchasing an additional 72,823 shares during the period. Catalytic Wealth RIA LLC acquired a new position in HarborOne Bancorp in the fourth quarter valued at $154,000. Bank of New York Mellon Corp lifted its position in HarborOne Bancorp by 5.6% during the second quarter. Bank of New York Mellon Corp now owns 216,196 shares of the financial services provider’s stock worth $2,406,000 after buying an additional 11,438 shares during the period. Spouting Rock Asset Management LLC boosted its stake in HarborOne Bancorp by 15.7% in the 4th quarter. Spouting Rock Asset Management LLC now owns 81,833 shares of the financial services provider’s stock worth $980,000 after buying an additional 11,105 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in HarborOne Bancorp in the 4th quarter worth about $108,000. Institutional investors and hedge funds own 65.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HONE. StockNews.com lowered shares of HarborOne Bancorp from a “hold” rating to a “sell” rating in a report on Friday, August 30th. Piper Sandler lifted their target price on HarborOne Bancorp from $11.50 to $14.00 and gave the company a “neutral” rating in a report on Friday, July 26th.

Insider Transactions at HarborOne Bancorp

In other news, CMO David E. Tryder sold 13,000 shares of HarborOne Bancorp stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $12.48, for a total value of $162,240.00. Following the completion of the transaction, the chief marketing officer now owns 15,159 shares in the company, valued at approximately $189,184.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 4.90% of the company’s stock.

HarborOne Bancorp Price Performance

Shares of HONE stock opened at $12.92 on Wednesday. The firm has a fifty day simple moving average of $12.62 and a 200-day simple moving average of $11.11. The company has a market capitalization of $577.21 million, a PE ratio of 34.92 and a beta of 0.73. HarborOne Bancorp, Inc. has a twelve month low of $9.14 and a twelve month high of $14.00. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 1.07.

HarborOne Bancorp (NASDAQ:HONE) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. HarborOne Bancorp had a return on equity of 4.59% and a net margin of 5.20%. The business had revenue of $79.87 million for the quarter, compared to analysts’ expectations of $42.43 million. Equities research analysts anticipate that HarborOne Bancorp, Inc. will post 0.7 earnings per share for the current fiscal year.

HarborOne Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 10th were paid a $0.08 dividend. The ex-dividend date was Wednesday, July 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.48%. HarborOne Bancorp’s dividend payout ratio (DPR) is presently 86.49%.

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.