Zacks Investment Management Makes New Investment in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Zacks Investment Management purchased a new position in HarborOne Bancorp, Inc. (NASDAQ:HONE) in the 4th quarter, HoldingsChannel reports. The fund purchased 39,811 shares of the financial services provider’s stock, valued at approximately $471,000.

Several other institutional investors have also modified their holdings of HONE. JPMorgan Chase & Co. lifted its stake in HarborOne Bancorp by 78.9% in the fourth quarter. JPMorgan Chase & Co. now owns 216,837 shares of the financial services provider’s stock worth $2,565,000 after acquiring an additional 95,659 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of HarborOne Bancorp by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 2,247,931 shares of the financial services provider’s stock valued at $26,593,000 after purchasing an additional 75,328 shares in the last quarter. Barclays PLC lifted its position in shares of HarborOne Bancorp by 40.7% during the 3rd quarter. Barclays PLC now owns 107,289 shares of the financial services provider’s stock worth $1,392,000 after purchasing an additional 31,045 shares during the last quarter. Genesis Wealth Advisors LLC acquired a new position in shares of HarborOne Bancorp during the fourth quarter worth $356,000. Finally, Jane Street Group LLC increased its holdings in HarborOne Bancorp by 76.6% in the third quarter. Jane Street Group LLC now owns 67,031 shares of the financial services provider’s stock valued at $870,000 after buying an additional 29,066 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

HarborOne Bancorp Stock Up 0.8 %

Shares of NASDAQ HONE opened at $9.38 on Friday. The business has a 50-day moving average of $10.63 and a two-hundred day moving average of $11.80. The company has a market capitalization of $417.04 million, a price-to-earnings ratio of 14.21 and a beta of 0.61. HarborOne Bancorp, Inc. has a 1 year low of $8.89 and a 1 year high of $14.00. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.12 and a quick ratio of 1.11.

HarborOne Bancorp (NASDAQ:HONE) last posted its 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%. On average, analysts forecast that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Wednesday, April 9th. HarborOne Bancorp’s payout ratio is 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.