Teacher Retirement System of Texas Increases Holdings in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Teacher Retirement System of Texas raised its stake in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 20.4% during the 4th quarter, HoldingsChannel reports. The firm owned 69,206 shares of the financial services provider’s stock after acquiring an additional 11,734 shares during the quarter. Teacher Retirement System of Texas’ holdings in HarborOne Bancorp were worth $819,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. raised its holdings in shares of HarborOne Bancorp by 0.6% during 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 buying an additional 1,285 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in HarborOne Bancorp by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,407 shares of the financial services provider’s stock worth $3,779,000 after acquiring an additional 2,363 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its position in HarborOne Bancorp by 164.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,217 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 2,624 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of HarborOne Bancorp by 31.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 16,678 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 3,993 shares during the period. Finally, US Bancorp DE lifted its position in shares of HarborOne Bancorp by 1,306.7% during the fourth quarter. US Bancorp DE now owns 5,880 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 5,462 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

HarborOne Bancorp Price Performance

HONE opened at $10.53 on Friday. HarborOne Bancorp, Inc. has a twelve month low of $9.16 and a twelve month high of $14.00. The firm has a market cap of $458.03 million, a price-to-earnings ratio of 15.95 and a beta of 0.73. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92. The company has a fifty day simple moving average of $11.42 and a 200 day simple moving average of $12.16.

HarborOne Bancorp (NASDAQ:HONE) last announced its 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 return on equity of 4.63% and a net margin of 8.61%. Equities research analysts expect that HarborOne Bancorp, Inc. will post 0.83 EPS for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.04 annualized dividend and a yield of 0.38%. HarborOne Bancorp’s dividend payout ratio is presently 48.48%.

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.