New York Life Investment Management LLC Invests $645,000 in HarborOne Bancorp, Inc. $HONE

New York Life Investment Management LLC bought a new stake in HarborOne Bancorp, Inc. (NASDAQ:HONE) in the second quarter, HoldingsChannel reports. The fund bought 55,191 shares of the financial services provider’s stock, valued at approximately $645,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Millennium Management LLC raised its stake in HarborOne Bancorp by 70.5% during the first quarter. Millennium Management LLC now owns 463,597 shares of the financial services provider’s stock worth $4,808,000 after purchasing an additional 191,719 shares during the period. Credit Industriel ET Commercial purchased a new stake in shares of HarborOne Bancorp during the 2nd quarter valued at $3,878,000. Victory Capital Management Inc. increased its holdings in shares of HarborOne Bancorp by 0.7% during the 1st quarter. Victory Capital Management Inc. now owns 288,142 shares of the financial services provider’s stock worth $2,988,000 after buying an additional 2,070 shares during the last quarter. Nuveen LLC acquired a new stake in shares of HarborOne Bancorp during the 1st quarter worth $1,484,000. Finally, Empowered Funds LLC raised its position in shares of HarborOne Bancorp by 8.5% in the 1st quarter. Empowered Funds LLC now owns 134,279 shares of the financial services provider’s stock worth $1,392,000 after buying an additional 10,523 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

HarborOne Bancorp Trading Down 1.8%

Shares of HarborOne Bancorp stock opened at $12.10 on Monday. HarborOne Bancorp, Inc. has a twelve month low of $8.89 and a twelve month high of $14.29. The stock has a market cap of $522.22 million, a price-to-earnings ratio of 18.62 and a beta of 0.61. The company has a fifty day moving average price of $13.27 and a 200 day moving average price of $12.17.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on HONE shares. Piper Sandler boosted their price target on HarborOne Bancorp from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Wall Street Zen upgraded HarborOne Bancorp to a “hold” rating in a report on Friday, August 22nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of HarborOne Bancorp in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.00.

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.