HarborOne Bancorp (NASDAQ:HONE) Sees Strong Trading Volume – What’s Next?

Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) saw unusually-high trading volume on Monday . Approximately 138,156 shares were traded during trading, a decline of 9% from the previous session’s volume of 151,322 shares.The stock last traded at $13.41 and had previously closed at $13.19.

Wall Street Analysts Forecast Growth

HONE has been the topic of several research analyst reports. Piper Sandler decreased their price objective on shares of HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating on the stock 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 report on Saturday, November 2nd.

HarborOne Bancorp Price Performance

The stock has a market capitalization of $569.13 million, a P/E ratio of 45.72 and a beta of 0.74. 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 firm has a 50-day moving average price of $12.75 and a 200 day moving average price of $12.05.

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

HarborOne Bancorp Dividend Announcement

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

Insider Buying and Selling

In related news, CMO David E. Tryder sold 13,000 shares of HarborOne Bancorp stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $12.48, for a total value of $162,240.00. Following the transaction, the chief marketing officer now directly owns 15,159 shares of the company’s stock, valued at $189,184.32. The trade was a 46.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HarborOne Bancorp

Several institutional investors have recently added to or reduced their stakes in HONE. nVerses Capital LLC bought a new position in shares of HarborOne Bancorp during the second quarter valued at about $27,000. Eastern Bank bought a new position in HarborOne Bancorp during the 3rd quarter valued at approximately $31,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in 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 worth $55,000 after buying an additional 2,624 shares during the period. Quantbot Technologies LP bought a new stake in shares of HarborOne Bancorp in the 3rd quarter worth approximately $73,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of HarborOne Bancorp by 14.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,781 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,498 shares during the period. Hedge funds and other 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.