Barclays PLC Buys 31,045 Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE)

Barclays PLC grew its stake in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) by 40.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,289 shares of the financial services provider’s stock after purchasing an additional 31,045 shares during the period. Barclays PLC’s holdings in HarborOne Bancorp were worth $1,392,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HONE. Jane Street Group LLC lifted its holdings in HarborOne Bancorp by 76.6% in the third quarter. Jane Street Group LLC now owns 67,031 shares of the financial services provider’s stock worth $870,000 after buying an additional 29,066 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of HarborOne Bancorp by 0.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 199,702 shares of the financial services provider’s stock valued at $2,592,000 after purchasing an additional 1,285 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of HarborOne Bancorp by 164.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,217 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 2,624 shares during the period. PDT Partners LLC bought a new stake in shares of HarborOne Bancorp during the third quarter valued at approximately $313,000. Finally, Quantbot Technologies LP purchased a new stake in HarborOne Bancorp in the third quarter worth $73,000. Hedge funds and other institutional investors own 65.01% of the company’s stock.

HarborOne Bancorp Stock Performance

Shares of HONE opened at $11.99 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.92. The stock has a market cap of $528.18 million, a P/E ratio of 42.82 and a beta of 0.75. The business’s 50 day moving average price is $12.68 and its 200-day moving average price is $12.39. HarborOne Bancorp, Inc. has a 52 week low of $9.15 and a 52 week high of $14.00.

HarborOne Bancorp (NASDAQ:HONE) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). HarborOne Bancorp had a return on equity of 3.82% and a net margin of 3.68%. The company had revenue of $79.60 million during the quarter, compared to the consensus estimate of $43.37 million. Equities research analysts anticipate that HarborOne Bancorp, Inc. will post 0.62 earnings per share for the current fiscal year.

HarborOne Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.67%. The ex-dividend date is Tuesday, December 31st. HarborOne Bancorp’s dividend payout ratio (DPR) is 114.29%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Piper Sandler lowered their price objective on HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. StockNews.com raised shares of 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.