Arrowstreet Capital Limited Partnership Sells 110,513 Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE)

Arrowstreet Capital Limited Partnership decreased its position in HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 42.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 149,898 shares of the financial services provider's stock after selling 110,513 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.34% of HarborOne Bancorp worth $1,773,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HONE. Jane Street Group LLC raised its stake in HarborOne Bancorp by 76.6% in the 3rd quarter. Jane Street Group LLC now owns 67,031 shares of the financial services provider's stock worth $870,000 after purchasing an additional 29,066 shares in the last quarter. Barclays PLC increased its holdings in shares of HarborOne Bancorp by 40.7% during the third quarter. Barclays PLC now owns 107,289 shares of the financial services provider's stock worth $1,392,000 after purchasing an additional 31,045 shares during the period. Franklin Resources Inc. raised its position in shares of HarborOne Bancorp by 194.9% in the third quarter. Franklin Resources Inc. now owns 37,714 shares of the financial services provider's stock valued at $496,000 after buying an additional 24,924 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of HarborOne Bancorp by 65.3% in the third quarter. JPMorgan Chase & Co. now owns 121,178 shares of the financial services provider's stock valued at $1,573,000 after buying an additional 47,857 shares during the period. Finally, SG Americas Securities LLC grew its position in HarborOne Bancorp by 29.8% during the fourth quarter. SG Americas Securities LLC now owns 27,357 shares of the financial services provider's stock worth $324,000 after buying an additional 6,288 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company's stock.

HarborOne Bancorp Price Performance

Shares of NASDAQ:HONE traded down $0.03 during trading on Wednesday, reaching $9.34. 9,590 shares of the company traded hands, compared to its average volume of 168,242. The firm has a market capitalization of $415.04 million, a PE ratio of 14.17 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 company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.92. The company's 50 day moving average is $10.81 and its two-hundred day moving average is $11.86.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.02. HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%. As a group, sell-side analysts predict that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current year.

HarborOne Bancorp Cuts Dividend

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