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

HarborOne Bancorp, Inc. (NASDAQ:HONE)’s share 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 changing hands.

HarborOne Bancorp Price Performance

The stock has a market cap of $470.65 million, a PE ratio of 16.39 and a beta of 0.73. The business has a fifty day simple moving average of $11.45 and a two-hundred day simple moving average of $12.17. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92.

HarborOne Bancorp (NASDAQ:HONE) last issued its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.20 earnings per share for the quarter, topping 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%. Research analysts forecast that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current year.

HarborOne Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.37%. HarborOne Bancorp’s payout ratio is 48.48%.

Institutional Investors Weigh In On HarborOne Bancorp

Hedge funds have recently bought and sold shares of the business. Quest Partners LLC purchased a new position in shares of HarborOne Bancorp during the third quarter valued at approximately $158,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in HarborOne Bancorp during the 3rd quarter valued at approximately $203,000. Quantbot Technologies LP purchased a new position in HarborOne Bancorp during the third quarter valued at $73,000. PDT Partners LLC purchased a new position in HarborOne Bancorp during the third quarter valued at $313,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings 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 worth $55,000 after acquiring an additional 2,624 shares in the last quarter. Institutional investors 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.