Quest Partners LLC Acquires New Position in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Quest Partners LLC purchased a new position in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 12,208 shares of the financial services provider’s stock, valued at approximately $158,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HONE. Eastern Bank acquired a new position in shares of HarborOne Bancorp in the third quarter valued at approximately $31,000. nVerses Capital LLC purchased a new position in shares of HarborOne Bancorp in the 2nd quarter valued at about $27,000. Price T Rowe Associates Inc. MD grew its position in 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 worth $126,000 after buying an additional 1,498 shares during the period. Creative Planning boosted its stake in shares of HarborOne Bancorp by 27.8% during 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 in the last quarter. Finally, SG Americas Securities LLC increased its stake in HarborOne Bancorp by 63.3% in the 3rd quarter. SG Americas Securities LLC now owns 21,069 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 8,169 shares in the last quarter. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CMO David E. Tryder sold 13,000 shares of HarborOne Bancorp stock in a transaction dated Tuesday, September 10th. The stock was 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 of the company’s stock, valued at $189,184.32. The trade was a 46.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 4.90% of the company’s stock.

HarborOne Bancorp Stock Performance

NASDAQ:HONE opened at $12.92 on Friday. The firm has a market cap of $569.13 million, a PE ratio of 46.14 and a beta of 0.74. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.12 and a quick ratio of 1.11. HarborOne Bancorp, Inc. has a 1-year low of $9.15 and a 1-year high of $14.00. The firm has a 50 day simple moving average of $12.74 and a 200-day simple moving average of $12.06.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.10 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 business had revenue of $79.60 million during the quarter, compared to analysts’ expectations of $43.37 million. On average, equities analysts expect that HarborOne Bancorp, Inc. will post 0.62 EPS for the current year.

HarborOne Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HONE. Piper Sandler lowered their price objective on shares of HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note 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.

HarborOne Bancorp Company 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.