HarborOne Bancorp (NASDAQ:HONE) Shares Pass Below 50-Day Moving Average – Here’s What Happened

HarborOne Bancorp, Inc. (NASDAQ:HONE) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.81 and traded as low as $11.15. HarborOne Bancorp shares last traded at $11.16, with a volume of 136,715 shares changing hands.

HarborOne Bancorp Trading Down 3.2 %

The firm has a market cap of $491.62 million, a PE ratio of 16.91 and a beta of 0.75. The firm has a fifty day simple moving average of $11.81 and a two-hundred day simple moving average of $12.42. 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 released its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.02. HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. Equities analysts forecast that HarborOne Bancorp, Inc. will post 0.83 EPS for the current year.

HarborOne Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Tuesday, December 31st. HarborOne Bancorp’s payout ratio is currently 48.48%.

Institutional Trading of HarborOne Bancorp

Several large investors have recently bought and sold shares of the company. Rhino Investment Partners Inc purchased a new position in shares of HarborOne Bancorp in the 4th quarter valued at approximately $3,185,000. Millennium Management LLC boosted its holdings in shares of HarborOne Bancorp by 174.8% during the 4th quarter. Millennium Management LLC now owns 271,878 shares of the financial services provider’s stock valued at $3,216,000 after buying an additional 172,941 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of HarborOne Bancorp by 2.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,693,131 shares of the financial services provider’s stock worth $67,350,000 after buying an additional 131,602 shares during the period. Cubist Systematic Strategies LLC increased its stake in shares of HarborOne Bancorp by 306.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 141,343 shares of the financial services provider’s stock worth $1,672,000 after acquiring an additional 106,526 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in HarborOne Bancorp by 78.9% during the 4th quarter. JPMorgan Chase & Co. now owns 216,837 shares of the financial services provider’s stock valued at $2,565,000 after acquiring an additional 95,659 shares during the period. 65.01% of the stock is owned by institutional investors.

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.