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

HarborOne Bancorp, Inc. (NASDAQ:HONE) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 366,300 shares, an increase of 19.6% from the March 15th total of 306,200 shares. Based on an average trading volume of 191,300 shares, the short-interest ratio is currently 1.9 days. Currently, 1.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of HarborOne Bancorp by 1,777.0% during the 1st quarter. GAMMA Investing LLC now owns 19,558 shares of the financial services provider’s stock valued at $1,886,000 after acquiring an additional 18,516 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of HarborOne Bancorp in the fourth quarter valued at about $321,000. PharVision Advisers LLC purchased a new stake in shares of HarborOne Bancorp during the fourth quarter valued at approximately $240,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of HarborOne Bancorp by 8.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,063 shares of the financial services provider’s stock worth $888,000 after acquiring an additional 5,575 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of HarborOne Bancorp during the fourth quarter worth approximately $813,000. 65.01% of the stock is owned by hedge funds and other institutional investors.

HarborOne Bancorp Trading Up 5.7 %

Shares of HONE stock traded up $0.53 during trading hours on Tuesday, hitting $9.79. The company had a trading volume of 78,323 shares, compared to its average volume of 169,909. The company’s fifty day moving average is $10.58 and its 200 day moving average is $11.77. HarborOne Bancorp has a fifty-two week low of $8.89 and a fifty-two week 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. The stock has a market capitalization of $435.36 million, a PE ratio of 14.85 and a beta of 0.61.

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

HarborOne Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Wednesday, April 9th. HarborOne Bancorp’s dividend payout ratio is currently 48.48%.

HarborOne Bancorp Company 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.