UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $902,000 Position in HarborOne Bancorp, Inc. (NASDAQ:HONE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 16.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,488 shares of the financial services provider’s stock after selling 13,416 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.16% of HarborOne Bancorp worth $902,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in shares of HarborOne Bancorp in the second quarter valued at about $27,000. Eastern Bank bought a new stake in HarborOne Bancorp in the 3rd quarter valued at about $31,000. Quantbot Technologies LP bought a new stake in HarborOne Bancorp in the 3rd quarter valued at about $73,000. Quest Partners LLC acquired a new position in shares of HarborOne Bancorp during the 3rd quarter worth approximately $158,000. Finally, Creative Planning increased its holdings in shares of HarborOne Bancorp by 27.8% during the third 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 period. Institutional investors own 65.01% of the company’s stock.

HarborOne Bancorp Price Performance

HONE stock opened at $12.05 on Friday. The company’s 50-day moving average price is $12.82 and its two-hundred day moving average price is $12.29. The firm has a market cap of $530.83 million, a P/E ratio of 43.04 and a beta of 0.75. 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, Inc. has a 12 month low of $9.15 and a 12 month high of $14.00.

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

HarborOne Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.66%. HarborOne Bancorp’s dividend payout ratio (DPR) is currently 114.29%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Piper Sandler cut their price target on HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. StockNews.com upgraded HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd.

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.