HarborOne Bancorp, Inc. (NASDAQ:HONE) Position Raised by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) by 5.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 387,241 shares of the financial services provider’s stock after purchasing an additional 20,800 shares during the quarter. Renaissance Technologies LLC owned about 0.87% of HarborOne Bancorp worth $4,310,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of HarborOne Bancorp by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,461,705 shares of the financial services provider’s stock valued at $27,398,000 after buying an additional 67,913 shares in the last quarter. American Century Companies Inc. raised its position in shares of HarborOne Bancorp by 2.2% during the second quarter. American Century Companies Inc. now owns 348,448 shares of the financial services provider’s stock worth $3,878,000 after purchasing an additional 7,412 shares during the period. TD Asset Management Inc raised its position in shares of HarborOne Bancorp by 14.2% during the second quarter. TD Asset Management Inc now owns 65,148 shares of the financial services provider’s stock worth $725,000 after purchasing an additional 8,122 shares during the period. nVerses Capital LLC purchased a new stake in shares of HarborOne Bancorp during the second quarter valued at $27,000. Finally, Bank of New York Mellon Corp boosted its position in shares of HarborOne Bancorp by 5.6% in 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 purchasing an additional 11,438 shares during the period. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. StockNews.com upgraded HarborOne Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. Piper Sandler boosted their price target on shares of HarborOne Bancorp from $11.50 to $14.00 and gave the company a “neutral” rating in a report on Friday, July 26th.

HarborOne Bancorp Stock Performance

Shares of HarborOne Bancorp stock opened at $12.37 on Friday. HarborOne Bancorp, Inc. has a 12 month low of $9.14 and a 12 month high of $14.00. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 1.07. The stock has a market cap of $552.64 million, a PE ratio of 33.43 and a beta of 0.73. The business has a fifty day simple moving average of $12.72 and a 200-day simple moving average of $11.24.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $79.87 million during the quarter, compared to analyst estimates of $42.43 million. HarborOne Bancorp had a return on equity of 4.59% and a net margin of 5.20%. On average, sell-side analysts anticipate that HarborOne Bancorp, Inc. will post 0.7 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CMO David E. Tryder sold 13,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $12.48, for a total transaction 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. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.90% of the stock is currently owned by corporate insiders.

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.