SG Americas Securities LLC Purchases 8,169 Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE)

SG Americas Securities LLC increased its position in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) by 63.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,069 shares of the financial services provider’s stock after purchasing an additional 8,169 shares during the period. SG Americas Securities LLC’s holdings in HarborOne Bancorp were worth $273,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. nVerses Capital LLC bought a new stake in shares of HarborOne Bancorp during the 2nd quarter valued at $27,000. Price T Rowe Associates Inc. MD increased its holdings in HarborOne Bancorp by 14.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,781 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 1,498 shares during the last quarter. Hsbc Holdings PLC increased its holdings in HarborOne Bancorp by 4.9% in the 2nd quarter. Hsbc Holdings PLC now owns 27,113 shares of the financial services provider’s stock valued at $299,000 after acquiring an additional 1,270 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in HarborOne Bancorp by 192.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 28,700 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 18,870 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in HarborOne Bancorp by 13.7% in the 1st quarter. Russell Investments Group Ltd. now owns 39,703 shares of the financial services provider’s stock valued at $423,000 after acquiring an additional 4,790 shares during the last quarter. 65.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other HarborOne Bancorp news, CMO David E. Tryder sold 13,000 shares of HarborOne Bancorp stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $12.48, for a total value of $162,240.00. Following the completion of the transaction, the chief marketing officer now directly owns 15,159 shares of the company’s stock, valued at $189,184.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 4.90% of the company’s stock.

HarborOne Bancorp Stock Performance

Shares of NASDAQ:HONE opened at $13.40 on Monday. HarborOne Bancorp, Inc. has a 52 week low of $9.14 and a 52 week high of $14.00. The stock has a market capitalization of $598.66 million, a P/E ratio of 36.22 and a beta of 0.73. The firm has a fifty day simple moving average of $12.72 and a two-hundred day simple moving average of $11.54. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 1.07.

HarborOne Bancorp (NASDAQ:HONE) last issued 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. HarborOne Bancorp had a net margin of 5.20% and a return on equity of 4.59%. The business had revenue of $79.87 million during the quarter, compared to analysts’ expectations of $42.43 million. On average, analysts expect that HarborOne Bancorp, Inc. will post 0.71 earnings per share for the current fiscal year.

HarborOne Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Monday, October 14th will be paid a $0.08 dividend. The ex-dividend date is Friday, October 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.39%. HarborOne Bancorp’s payout ratio is currently 86.49%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on HONE shares. StockNews.com upgraded shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. Piper Sandler lifted 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 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.