HarborOne Bancorp, Inc. (NASDAQ:HONE) Shares Acquired by AlphaQuest LLC

AlphaQuest LLC raised its stake in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 89.8% during the 4th quarter, HoldingsChannel reports. The firm owned 23,168 shares of the financial services provider’s stock after acquiring an additional 10,960 shares during the quarter. AlphaQuest LLC’s holdings in HarborOne Bancorp were worth $274,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of HarborOne Bancorp by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,407 shares of the financial services provider’s stock valued at $3,779,000 after purchasing an additional 2,363 shares during the period. Victory Capital Management Inc. boosted its position in HarborOne Bancorp by 9.1% in the 4th quarter. Victory Capital Management Inc. now owns 286,072 shares of the financial services provider’s stock valued at $3,384,000 after buying an additional 23,900 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of HarborOne Bancorp by 0.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 199,702 shares of the financial services provider’s stock valued at $2,592,000 after acquiring an additional 1,285 shares in the last quarter. Empowered Funds LLC increased its position in shares of HarborOne Bancorp by 5.1% during the fourth quarter. Empowered Funds LLC now owns 123,756 shares of the financial services provider’s stock worth $1,464,000 after acquiring an additional 5,966 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of HarborOne Bancorp by 65.3% in the third quarter. JPMorgan Chase & Co. now owns 121,178 shares of the financial services provider’s stock worth $1,573,000 after acquiring an additional 47,857 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

HarborOne Bancorp Price Performance

Shares of NASDAQ HONE opened at $10.75 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.92. HarborOne Bancorp, Inc. has a fifty-two week low of $9.16 and a fifty-two week high of $14.00. The business has a 50 day moving average price of $11.62 and a two-hundred day moving average price of $12.31. The firm has a market cap of $467.60 million, a PE ratio of 16.29 and a beta of 0.73.

HarborOne Bancorp (NASDAQ:HONE) last issued its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. Sell-side analysts expect that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.98%. HarborOne Bancorp’s dividend payout ratio (DPR) 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.