Skandinaviska Enskilda Banken AB publ Makes New $3.11 Million Investment in HarborOne Bancorp, Inc. $HONE

Skandinaviska Enskilda Banken AB publ purchased a new stake in HarborOne Bancorp, Inc. (NASDAQ:HONE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 266,565 shares of the financial services provider’s stock, valued at approximately $3,113,000.

A number of other hedge funds also recently made changes to their positions in HONE. CWM LLC increased its stake in HarborOne Bancorp by 83.5% in the second quarter. CWM LLC now owns 9,318 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 4,239 shares during the period. Longfellow Investment Management Co. LLC acquired a new stake in HarborOne Bancorp during the second quarter valued at approximately $149,000. GC Wealth Management RIA LLC boosted its holdings in HarborOne Bancorp by 7.7% during the second quarter. GC Wealth Management RIA LLC now owns 13,848 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 992 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of HarborOne Bancorp in the 1st quarter valued at approximately $176,000. Finally, AlphaQuest LLC raised its holdings in shares of HarborOne Bancorp by 21.9% in the 1st quarter. AlphaQuest LLC now owns 28,250 shares of the financial services provider’s stock worth $293,000 after buying an additional 5,082 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

HarborOne Bancorp Stock Performance

NASDAQ HONE opened at $12.10 on Tuesday. HarborOne Bancorp, Inc. has a 12 month low of $8.89 and a 12 month high of $14.29. The stock has a 50-day simple moving average of $12.90 and a 200 day simple moving average of $12.34. The company has a market capitalization of $522.22 million, a PE ratio of 18.62 and a beta of 0.61.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of HarborOne Bancorp in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of HarborOne Bancorp to a “hold” rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.00.

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.