HarborOne Bancorp, Inc. (NASDAQ:HONE) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its stake in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 8.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,065 shares of the financial services provider’s stock after selling 1,477 shares during the period. The Manufacturers Life Insurance Company’s holdings in HarborOne Bancorp were worth $196,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in shares of HarborOne Bancorp by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,461,705 shares of the financial services provider’s stock worth $27,398,000 after purchasing an additional 67,913 shares during the period. Hsbc Holdings PLC lifted its stake in HarborOne Bancorp by 4.9% during the second 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 in the last quarter. Bank of New York Mellon Corp boosted its position in shares of HarborOne Bancorp by 5.6% during the second quarter. Bank of New York Mellon Corp now owns 216,196 shares of the financial services provider’s stock worth $2,406,000 after buying an additional 11,438 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of HarborOne Bancorp by 14.6% in 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 in the last quarter. Finally, Creative Planning raised its holdings in shares of HarborOne Bancorp by 27.8% in the 3rd quarter. Creative Planning now owns 13,309 shares of the financial services provider’s stock valued at $173,000 after buying an additional 2,898 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

Analyst Upgrades and Downgrades

HONE has been the subject of a number of research analyst reports. StockNews.com upgraded HarborOne Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Piper Sandler lowered their price objective on shares of HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, October 25th.

HarborOne Bancorp Stock Up 0.3 %

Shares of NASDAQ HONE opened at $12.88 on Tuesday. The stock has a market cap of $567.39 million, a P/E ratio of 45.89 and a beta of 0.75. The business’s fifty day simple moving average is $12.83 and its 200-day simple moving average is $12.26. HarborOne Bancorp, Inc. has a 12-month low of $9.15 and a 12-month high of $14.00. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92.

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 analysts’ consensus estimates of $0.18 by ($0.08). HarborOne Bancorp had a net margin of 3.68% and a return on equity of 3.82%. The company had revenue of $79.60 million during the quarter, compared to analyst estimates of $43.37 million. As a group, equities analysts predict that HarborOne Bancorp, Inc. will post 0.62 EPS for the current fiscal year.

HarborOne Bancorp Announces Dividend

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

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.