Victory Capital Management Inc. Sells 2,082 Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE)

Victory Capital Management Inc. reduced its holdings in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) by 0.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 262,172 shares of the financial services provider’s stock after selling 2,082 shares during the quarter. Victory Capital Management Inc. owned approximately 0.59% of HarborOne Bancorp worth $3,403,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Eastern Bank acquired a new stake in HarborOne Bancorp during the 3rd quarter worth approximately $31,000. Creative Planning lifted its holdings in HarborOne Bancorp by 27.8% during the 3rd quarter. Creative Planning now owns 13,309 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 2,898 shares during the last quarter. SG Americas Securities LLC lifted its holdings in HarborOne Bancorp by 63.3% during the 3rd quarter. SG Americas Securities LLC now owns 21,069 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 8,169 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings 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 worth $319,000 after purchasing an additional 18,870 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in HarborOne Bancorp by 4.9% during the 2nd quarter. Hsbc Holdings PLC now owns 27,113 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 1,270 shares during the last quarter. 65.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at HarborOne Bancorp

In other news, CMO David E. Tryder sold 13,000 shares of HarborOne Bancorp stock in a transaction 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 transaction, the chief marketing officer now owns 15,159 shares in the company, valued at approximately $189,184.32. This trade represents a 46.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.90% of the company’s stock.

HarborOne Bancorp Price Performance

Shares of NASDAQ HONE opened at $13.19 on Friday. The stock has a market capitalization of $581.02 million, a PE ratio of 47.11 and a beta of 0.74. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.12 and a quick ratio of 1.11. The business has a fifty day moving average price of $12.75 and a two-hundred day moving average price of $12.00. HarborOne Bancorp, Inc. has a fifty-two week low of $9.15 and a fifty-two week high of $14.00.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). The company had revenue of $79.60 million during the quarter, compared to analyst estimates of $43.37 million. HarborOne Bancorp had a net margin of 3.68% and a return on equity of 3.82%. As a group, equities analysts predict that HarborOne Bancorp, Inc. will post 0.62 earnings per share for the current fiscal year.

HarborOne Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Monday, October 14th were issued a $0.08 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.32 annualized dividend and a yield of 2.43%. HarborOne Bancorp’s dividend payout ratio is presently 114.29%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on HONE shares. Piper Sandler dropped their price target on HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, October 25th. StockNews.com raised HarborOne Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd.

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.