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

HarborOne Bancorp, Inc. (NASDAQ:HONE) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 250,900 shares, a decrease of 10.4% from the October 31st total of 280,000 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 186,100 shares, the days-to-cover ratio is currently 1.3 days.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Piper Sandler reduced their price objective on HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. StockNews.com raised shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd.

HarborOne Bancorp Trading Down 0.9 %

HONE stock traded down $0.12 during trading on Tuesday, reaching $12.79. 19,774 shares of the stock were exchanged, compared to its average volume of 153,678. The business has a 50 day moving average price of $12.74 and a 200-day moving average price of $12.11. The firm has a market capitalization of $563.40 million, a price-to-earnings ratio of 46.11 and a beta of 0.75. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92. HarborOne Bancorp has a 1 year low of $9.15 and a 1 year high of $14.00.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). HarborOne Bancorp had a net margin of 3.68% and a return on equity of 3.82%. The company had revenue of $79.60 million during the quarter, compared to analyst estimates of $43.37 million. On average, research analysts predict that HarborOne Bancorp will post 0.62 earnings per share for the current year.

HarborOne Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Monday, October 14th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Friday, October 11th. HarborOne Bancorp’s payout ratio is currently 114.29%.

Insider Buying and Selling

In other HarborOne Bancorp news, CMO David E. Tryder sold 13,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $12.48, for a total value of $162,240.00. Following the sale, the chief marketing officer now owns 15,159 shares in the company, valued at approximately $189,184.32. This represents a 46.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.90% of the stock is currently owned by company insiders.

Institutional Trading of HarborOne Bancorp

Several institutional investors and hedge funds have recently modified their holdings of HONE. Franklin Resources Inc. boosted its position in HarborOne Bancorp by 194.9% during the 3rd quarter. Franklin Resources Inc. now owns 37,714 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 24,924 shares during the period. Barclays PLC grew its position in HarborOne Bancorp by 40.7% in the third quarter. Barclays PLC now owns 107,289 shares of the financial services provider’s stock valued at $1,392,000 after acquiring an additional 31,045 shares in the last quarter. Jane Street Group LLC raised its stake in shares of HarborOne Bancorp by 76.6% during the third quarter. Jane Street Group LLC now owns 67,031 shares of the financial services provider’s stock valued at $870,000 after purchasing an additional 29,066 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of HarborOne Bancorp by 0.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 199,702 shares of the financial services provider’s stock valued at $2,592,000 after purchasing an additional 1,285 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in HarborOne Bancorp by 164.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,217 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 2,624 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

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.