SG Americas Securities LLC Acquires 8,169 Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE)

SG Americas Securities LLC boosted its holdings in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 63.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,069 shares of the financial services provider’s stock after acquiring an additional 8,169 shares during the quarter. SG Americas Securities LLC’s holdings in HarborOne Bancorp were worth $273,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HONE. Dimensional Fund Advisors LP lifted its position in HarborOne Bancorp by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,461,705 shares of the financial services provider’s stock valued at $27,398,000 after acquiring an additional 67,913 shares in the last quarter. Renaissance Technologies LLC lifted its position in HarborOne Bancorp by 5.7% in the 2nd quarter. Renaissance Technologies LLC now owns 387,241 shares of the financial services provider’s stock valued at $4,310,000 after acquiring an additional 20,800 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in HarborOne Bancorp by 192.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 28,700 shares of the financial services provider’s stock valued at $319,000 after buying an additional 18,870 shares during the last quarter. Bank of New York Mellon Corp raised its stake in HarborOne Bancorp by 5.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 216,196 shares of the financial services provider’s stock valued at $2,406,000 after buying an additional 11,438 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in HarborOne Bancorp by 14.2% during the 2nd quarter. TD Asset Management Inc now owns 65,148 shares of the financial services provider’s stock valued at $725,000 after buying an additional 8,122 shares during the last quarter. 65.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HONE. Piper Sandler increased 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. StockNews.com upgraded shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th.

Insider Buying and Selling at HarborOne Bancorp

In other news, CMO David E. Tryder sold 13,000 shares of the stock in a transaction 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 completion of the sale, the chief marketing officer now directly owns 15,159 shares of the company’s stock, valued at $189,184.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.90% of the company’s stock.

HarborOne Bancorp Trading Down 0.7 %

Shares of HONE stock opened at $13.40 on Monday. 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 company has a market cap of $598.66 million, a price-to-earnings ratio of 36.22 and a beta of 0.73. HarborOne Bancorp, Inc. has a 1 year low of $9.14 and a 1 year high of $14.00. The firm has a fifty day moving average price of $12.72 and a 200-day moving average price of $11.54.

HarborOne Bancorp (NASDAQ:HONE) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $42.43 million. As a group, equities analysts predict that HarborOne Bancorp, Inc. will post 0.71 earnings per share for the current year.

HarborOne Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Monday, October 14th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Friday, October 11th. HarborOne Bancorp’s payout ratio is 86.49%.

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.