HarborOne Bancorp, Inc. (NASDAQ:HONE) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its holdings in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 32.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 185,392 shares of the financial services provider’s stock after selling 88,759 shares during the period. State of New Jersey Common Pension Fund D owned about 0.41% of HarborOne Bancorp worth $2,063,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC acquired a new stake in HarborOne Bancorp during the second quarter worth about $27,000. Quest Partners LLC purchased a new position in shares of HarborOne Bancorp during the 4th quarter valued at approximately $108,000. Price T Rowe Associates Inc. MD lifted its stake in shares of HarborOne Bancorp by 14.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,781 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 1,498 shares during the period. Catalytic Wealth RIA LLC purchased a new stake in HarborOne Bancorp during the fourth quarter worth $154,000. Finally, Russell Investments Group Ltd. grew its position in HarborOne Bancorp by 13.7% during the first quarter. Russell Investments Group Ltd. now owns 39,703 shares of the financial services provider’s stock valued at $423,000 after buying an additional 4,790 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

HarborOne Bancorp Price Performance

HONE stock opened at $12.98 on Friday. HarborOne Bancorp, Inc. has a 1 year low of $9.14 and a 1 year high of $14.00. The firm has a market capitalization of $579.89 million, a PE ratio of 35.08 and a beta of 0.73. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.14 and a quick ratio of 1.13. The business has a 50 day simple moving average of $12.72 and a 200-day simple moving average of $11.16.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. HarborOne Bancorp had a net margin of 5.20% and a return on equity of 4.59%. The firm had revenue of $79.87 million during the quarter, compared to analyst estimates 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 10th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Wednesday, July 10th. HarborOne Bancorp’s dividend payout ratio is presently 86.49%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com downgraded HarborOne Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. Piper Sandler lifted their price target on shares of HarborOne Bancorp from $11.50 to $14.00 and gave the company a “neutral” rating in a research note on Friday, July 26th.

HarborOne Bancorp 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.