Barclays PLC Raises Stock Holdings in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Barclays PLC grew its position in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) by 40.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,289 shares of the financial services provider’s stock after purchasing an additional 31,045 shares during the period. Barclays PLC owned about 0.24% of HarborOne Bancorp worth $1,392,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eastern Bank purchased a new stake in HarborOne Bancorp in the third quarter worth approximately $31,000. nVerses Capital LLC purchased a new stake in shares of HarborOne Bancorp in the 2nd quarter valued at $27,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of HarborOne Bancorp by 164.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,217 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 2,624 shares during the last quarter. Quantbot Technologies LP purchased a new position in HarborOne Bancorp in the 3rd quarter worth $73,000. Finally, Quest Partners LLC bought a new stake in HarborOne Bancorp in the third quarter worth $158,000. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

HarborOne Bancorp Trading Down 1.6 %

NASDAQ:HONE opened at $11.99 on Friday. The firm has a market capitalization of $528.18 million, a P/E ratio of 42.82 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. The company has a fifty day moving average of $12.68 and a 200 day moving average of $12.39. HarborOne Bancorp, Inc. has a 52 week low of $9.15 and a 52 week high of $14.00.

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

HarborOne Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.67%. HarborOne Bancorp’s dividend payout ratio is currently 114.29%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HONE. StockNews.com upgraded HarborOne Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Piper Sandler reduced their price target on HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th.

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.