HarborOne Bancorp, Inc. $HONE Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. lessened its stake in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 9.6% in the 1st quarter, Holdings Channel reports. The firm owned 5,147,295 shares of the financial services provider’s stock after selling 545,836 shares during the period. T. Rowe Price Investment Management Inc. owned about 0.12% of HarborOne Bancorp worth $53,378,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Hsbc Holdings PLC increased its holdings in HarborOne Bancorp by 11.1% in the 1st quarter. Hsbc Holdings PLC now owns 51,970 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 5,190 shares during the last quarter. Nuveen LLC acquired a new stake in HarborOne Bancorp in the 1st quarter valued at approximately $1,484,000. TD Asset Management Inc increased its holdings in HarborOne Bancorp by 4.6% in the 1st quarter. TD Asset Management Inc now owns 81,800 shares of the financial services provider’s stock valued at $848,000 after purchasing an additional 3,616 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in HarborOne Bancorp in the 1st quarter valued at approximately $176,000. Finally, Y Intercept Hong Kong Ltd increased its holdings in HarborOne Bancorp by 161.1% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 38,858 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 23,977 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Analyst Ratings Changes

HONE has been the subject of several research reports. Piper Sandler lifted their target price on shares of HarborOne Bancorp from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Janney Montgomery Scott reissued a “neutral” rating on shares of HarborOne Bancorp in a research report on Tuesday, April 29th. Seaport Res Ptn raised shares of HarborOne Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Finally, Wall Street Zen raised shares of HarborOne Bancorp to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.00.

HarborOne Bancorp Stock Up 5.0%

Shares of HONE stock opened at $12.69 on Friday. HarborOne Bancorp, Inc. has a 52 week low of $8.89 and a 52 week high of $13.73. The stock has a market capitalization of $547.70 million, a PE ratio of 19.52 and a beta of 0.60. The firm has a 50 day moving average of $11.91 and a two-hundred day moving average of $11.31.

HarborOne Bancorp (NASDAQ:HONE) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. The business had revenue of $45.44 million during the quarter, compared to analysts’ expectations of $32.39 million. HarborOne Bancorp had a net margin of 8.43% and a return on equity of 4.66%. Analysts expect that HarborOne Bancorp, Inc. will post 0.83 EPS for the current fiscal year.

HarborOne Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 3rd. HarborOne Bancorp’s payout ratio is 55.38%.

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.