Los Angeles Capital Management LLC reduced its stake in HarborOne Bancorp, Inc. (NASDAQ: HONE – Get Rating) by 20.4% in Q1, according to its latest SEC filing. The company held 60,874 shares of the financial services provider after selling 15,590 shares during the quarter. Los Angeles Capital Management LLC owned 0.12% of HarborOne Bancorp worth $853,000 when it last filed with the SEC.
Other hedge funds and other institutional investors also changed their positions in the company. Panagora Asset Management Inc. increased its equity stake in HarborOne Bancorp by 8.0% in the 4th quarter. Panagora Asset Management Inc. now owns 133,829 shares of the financial services provider valued at $1,986,000 after purchasing an additional 9,935 shares during the period. Prospector Partners LLC increased its equity stake in HarborOne Bancorp by 4.6% in the fourth quarter. Prospector Partners LLC now owns 234,152 shares of the financial services provider valued at $3,475,000 after purchasing an additional 10,200 shares during the period. Dimensional Fund Advisors LP increased its equity stake in HarborOne Bancorp by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,728,727 shares of the financial services provider valued at $25,654,000 after purchasing an additional 22,406 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of HarborOne Bancorp during Q4 for a value of approximately $38,000. Finally, Advisor Group Holdings Inc. increased its position in HarborOne Bancorp shares by 11.2% during the 4th quarter. Advisor Group Holdings Inc. now owns 12,286 shares of the financial services provider worth $182,000 after acquiring 1,235 additional shares in the last quarter. Hedge funds and other institutional investors hold 57.37% of the company’s shares.
HarborOne Bancorp Price Performance
NASDAQ HONE shares opened at $14.71 on Friday. The company has a debt ratio of 0.08, a quick ratio of 1.02 and a current ratio of 1.01. HarborOne Bancorp, Inc. has a fifty-two week minimum of $12.99 and a fifty-two week maximum of $15.45. The company has a market capitalization of $738.03 million, a PE ratio of 15.48 and a beta of 0.71. The stock’s 50-day simple moving average is $14.09 and its 200-day simple moving average is $14.17.
HarborOne Bancorp (NASDAQ:HONE – Get Rating) last released its results on Tuesday, July 26. The financial services provider reported earnings per share of $0.21 for the quarter, missing the consensus estimate of $0.22 per ($0.01). HarborOne Bancorp had a return on equity of 7.16% and a net margin of 21.22%. As a group, equity research analysts expect HarborOne Bancorp, Inc. to post EPS of 0.94 for the current fiscal year.
HarborOne Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 27. Shareholders of record on Wednesday, July 13 received a dividend of $0.07 per share. This represents an annualized dividend of $0.28 and a dividend yield of 1.90%. The ex-dividend date was Tuesday, July 12. HarborOne Bancorp’s dividend payout ratio (DPR) is currently 29.47%.
HarborOne Bancorp Company Profile
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HarborOne Bancorp, Inc operates as a holding company for HarborOne Bank which provides financial services to individuals, families, small and medium 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 deposit certificate accounts; and lending products include commercial real estate, commercial and residential mortgages, and consumer loans, including indirect auto lease loans.
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