Alliancebernstein L.P. Trims Stock Holdings in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Alliancebernstein L.P. trimmed its position in HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 74.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 558,891 shares of the financial services provider's stock after selling 1,619,293 shares during the period. Alliancebernstein L.P. owned approximately 1.27% of HarborOne Bancorp worth $6,612,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. US Bancorp DE boosted its holdings in shares of HarborOne Bancorp by 1,306.7% in the fourth quarter. US Bancorp DE now owns 5,880 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 5,462 shares in the last quarter. Quantbot Technologies LP increased its position in HarborOne Bancorp by 18.3% during the 4th quarter. Quantbot Technologies LP now owns 6,677 shares of the financial services provider's stock worth $79,000 after purchasing an additional 1,033 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of HarborOne Bancorp during the 4th quarter worth approximately $81,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of HarborOne Bancorp in the 4th quarter valued at approximately $176,000. Finally, Commonwealth Equity Services LLC boosted its stake in shares of HarborOne Bancorp by 31.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 16,678 shares of the financial services provider's stock valued at $197,000 after buying an additional 3,993 shares in the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

HarborOne Bancorp Price Performance

NASDAQ:HONE traded up $0.07 during trading hours on Friday, hitting $9.38. The company's stock had a trading volume of 233,968 shares, compared to its average volume of 170,018. The company has a market capitalization of $417.04 million, a PE ratio of 14.21 and a beta of 0.61. HarborOne Bancorp, Inc. has a 52-week low of $8.89 and a 52-week high of $14.00. The business's 50-day moving average is $10.63 and its two-hundred day moving average is $11.80. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.12.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. As a group, research analysts anticipate that HarborOne Bancorp, Inc. will post 0.83 EPS for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Wednesday, April 9th. HarborOne Bancorp's dividend payout ratio (DPR) is 48.48%.

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.