Connor Clark & Lunn Investment Management Ltd. Makes New $203,000 Investment in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,637 shares of the financial services provider’s stock, valued at approximately $203,000.

Several other large investors have also recently modified their holdings of the stock. Hsbc Holdings PLC increased its stake 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 valued at $299,000 after purchasing an additional 1,270 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of HarborOne Bancorp by 14.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,781 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,498 shares during the last quarter. Eastern Bank bought a new stake in shares of HarborOne Bancorp during the third quarter valued at approximately $31,000. nVerses Capital LLC purchased a new position in HarborOne Bancorp in the 2nd quarter worth approximately $27,000. Finally, Creative Planning raised its holdings in HarborOne Bancorp by 27.8% in the 3rd quarter. Creative Planning now owns 13,309 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 2,898 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

HarborOne Bancorp Stock Down 0.3 %

HONE opened at $12.88 on Monday. The stock has a market capitalization of $567.36 million, a price-to-earnings ratio of 46.00 and a beta of 0.74. The firm has a 50 day moving average price of $12.74 and a 200-day moving average price of $12.10. HarborOne Bancorp, Inc. has a twelve month low of $9.15 and a twelve month high of $14.00. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.92.

HarborOne Bancorp (NASDAQ:HONE) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The company had revenue of $79.60 million for the quarter, compared to analysts’ expectations of $43.37 million. HarborOne Bancorp had a net margin of 3.68% and a return on equity of 3.82%. Equities research analysts forecast that HarborOne Bancorp, Inc. will post 0.62 earnings per share for the current year.

HarborOne Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Monday, October 14th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Friday, October 11th. HarborOne Bancorp’s dividend payout ratio is 114.29%.

Analyst Ratings Changes

A number of analysts have commented on the company. Piper Sandler reduced their target price 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 research report on Saturday, November 2nd.

Insiders Place Their Bets

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

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.