Harbor Advisors LLC Sells 20,727 Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE)

Harbor Advisors LLC decreased its stake in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) by 23.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,374 shares of the financial services provider’s stock after selling 20,727 shares during the period. Harbor Advisors LLC owned approximately 0.16% of HarborOne Bancorp worth $900,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. increased its position in shares of HarborOne Bancorp by 164.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,217 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 2,624 shares in the last quarter. PDT Partners LLC bought a new position in HarborOne Bancorp in the third quarter valued at $313,000. Quantbot Technologies LP bought a new position in HarborOne Bancorp in the third quarter valued at $73,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in HarborOne Bancorp in the third quarter valued at $203,000. Finally, Quest Partners LLC bought a new position in HarborOne Bancorp in the third quarter valued at $158,000. Institutional investors own 65.01% of the company’s stock.

Wall Street Analysts Forecast Growth

HONE has been the subject of a number of analyst reports. Piper Sandler decreased their target price on shares of 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 upgraded shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd.

Insider Buying and Selling at HarborOne Bancorp

In other news, CMO David E. Tryder sold 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $12.48, for a total transaction of $162,240.00. Following the completion of the sale, the chief marketing officer now owns 15,159 shares of the company’s stock, valued at approximately $189,184.32. This represents a 46.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.90% of the company’s stock.

HarborOne Bancorp Stock Performance

NASDAQ HONE opened at $12.91 on Tuesday. The firm has a 50-day moving average of $12.74 and a 200-day moving average of $12.11. 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 stock has a market cap of $568.69 million, a PE ratio of 46.11 and a beta of 0.75. HarborOne Bancorp, Inc. has a 52-week low of $9.15 and a 52-week high of $14.00.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The business had revenue of $79.60 million during the quarter, compared to the consensus estimate of $43.37 million. HarborOne Bancorp had a net margin of 3.68% and a return on equity of 3.82%. On average, sell-side analysts anticipate that HarborOne Bancorp, Inc. will post 0.62 EPS for the current year.

HarborOne Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Monday, October 14th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Friday, October 11th. HarborOne Bancorp’s dividend payout ratio is currently 114.29%.

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.