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

HarborOne Bancorp, Inc. (NASDAQ:HONE)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $11.49 and traded as low as $10.64. HarborOne Bancorp shares last traded at $10.65, with a volume of 108,611 shares trading hands.

HarborOne Bancorp Trading Down 1.5 %

The firm has a market cap of $463.25 million, a price-to-earnings ratio of 16.14 and a beta of 0.73. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.12. The company has a 50 day moving average price of $11.49 and a 200 day moving average price of $12.20.

HarborOne Bancorp (NASDAQ:HONE) last posted its earnings results on Tuesday, February 4th. The financial services provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. On average, research analysts expect that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current year.

Institutional Trading of HarborOne Bancorp

Several institutional investors have recently added to or reduced their stakes in HONE. Rhino Investment Partners Inc purchased a new position in shares of HarborOne Bancorp during the fourth quarter worth $3,185,000. Millennium Management LLC boosted its holdings in 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 acquiring an additional 172,941 shares during the period. T. Rowe Price Investment Management Inc. grew its position in 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 valued at $67,350,000 after acquiring an additional 131,602 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in HarborOne Bancorp by 306.0% during the fourth quarter. Cubist Systematic Strategies LLC now owns 141,343 shares of the financial services provider’s stock worth $1,672,000 after purchasing an additional 106,526 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of HarborOne Bancorp by 78.9% during the fourth quarter. JPMorgan Chase & Co. now owns 216,837 shares of the financial services provider’s stock worth $2,565,000 after purchasing an additional 95,659 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

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.