HarborOne Bancorp, Inc. (NASDAQ:HONE) Short Interest Update

HarborOne Bancorp, Inc. (NASDAQ:HONE) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 250,900 shares, a drop of 10.4% from the October 31st total of 280,000 shares. Based on an average trading volume of 186,100 shares, the short-interest ratio is presently 1.3 days. Approximately 0.7% of the shares of the stock are sold short.

HarborOne Bancorp Trading Down 1.2 %

HarborOne Bancorp stock traded down $0.15 during midday trading on Tuesday, reaching $12.76. The stock had a trading volume of 100,057 shares, compared to its average volume of 154,026. The stock’s 50-day simple moving average is $12.74 and its 200 day simple moving average is $12.11. The stock has a market capitalization of $562.08 million, a PE ratio of 46.11 and a beta of 0.75. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.12. HarborOne Bancorp has a twelve month low of $9.15 and a twelve month high of $14.00.

HarborOne Bancorp (NASDAQ:HONE) last posted its earnings results 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). HarborOne Bancorp had a return on equity of 3.82% and a net margin of 3.68%. The business had revenue of $79.60 million for the quarter, compared to analyst estimates of $43.37 million. Analysts expect that HarborOne Bancorp will post 0.62 EPS for the current year.

HarborOne Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Monday, October 14th were issued a $0.08 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.32 annualized dividend and a yield of 2.51%. HarborOne Bancorp’s dividend payout ratio is currently 114.29%.

Insider Activity at HarborOne Bancorp

In related news, CMO David E. Tryder sold 13,000 shares of the firm’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 sale, the chief marketing officer now owns 15,159 shares in the company, valued at approximately $189,184.32. This trade represents a 46.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. nVerses Capital LLC acquired a new position in HarborOne Bancorp during the 2nd quarter worth approximately $27,000. Eastern Bank purchased a new position in shares of HarborOne Bancorp in the third quarter valued at $31,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in HarborOne Bancorp by 164.7% during 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 in the last quarter. Quantbot Technologies LP purchased a new stake in HarborOne Bancorp during the 3rd quarter worth $73,000. Finally, Price T Rowe Associates Inc. MD lifted 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 worth $126,000 after buying an additional 1,498 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on HONE shares. StockNews.com raised shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. Piper Sandler dropped their price target 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.

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.