HarborOne Bancorp (NASDAQ:HONE) Sees Unusually-High Trading Volume – Time to Buy?

HarborOne Bancorp, Inc. (NASDAQ:HONE) saw strong trading volume on Monday . 138,156 shares were traded during trading, a decline of 9% from the previous session’s volume of 151,322 shares.The stock last traded at $13.41 and had previously closed at $13.19.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Piper Sandler reduced their target price on HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. StockNews.com upgraded HarborOne Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd.

HarborOne Bancorp Price Performance

The business has a fifty day moving average price of $12.75 and a 200-day moving average price of $12.02. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $576.17 million, a PE ratio of 46.97 and a beta of 0.74.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings data 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 return on equity of 3.82% and a net margin of 3.68%. The firm had revenue of $79.60 million during the quarter, compared to analysts’ expectations of $43.37 million. Research analysts expect that HarborOne Bancorp, Inc. will post 0.62 EPS for the current fiscal year.

HarborOne Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Monday, October 14th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Friday, October 11th. HarborOne Bancorp’s payout ratio is currently 114.29%.

Insider Activity at HarborOne Bancorp

In related news, CMO David E. Tryder sold 13,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $12.48, for a total transaction of $162,240.00. Following the completion of the sale, the chief marketing officer now directly owns 15,159 shares in the company, valued at $189,184.32. This represents a 46.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HarborOne Bancorp

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its position in HarborOne Bancorp by 13.7% during the 1st quarter. Russell Investments Group Ltd. now owns 39,703 shares of the financial services provider’s stock valued at $423,000 after purchasing an additional 4,790 shares during the last quarter. Vanguard Group Inc. raised its position in HarborOne Bancorp by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 2,342,754 shares of the financial services provider’s stock valued at $24,974,000 after purchasing an additional 6,511 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in HarborOne Bancorp by 14.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,781 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 1,498 shares during the last quarter. Bank of New York Mellon Corp raised its position in HarborOne Bancorp by 5.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 216,196 shares of the financial services provider’s stock valued at $2,406,000 after purchasing an additional 11,438 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in HarborOne Bancorp during the 2nd quarter valued at approximately $27,000. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

About HarborOne Bancorp

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.