HarborOne Bancorp, Inc. (NASDAQ:HONE) Sees Significant Increase in Short Interest

HarborOne Bancorp, Inc. (NASDAQ:HONE - Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 366,300 shares, a growth of 19.6% from the March 15th total of 306,200 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 191,300 shares, the days-to-cover ratio is currently 1.9 days.

HarborOne Bancorp Trading Up 0.8 %

HONE stock opened at $9.38 on Monday. The company's 50-day simple moving average is $10.63 and its 200 day simple moving average is $11.79. The company has a market capitalization of $417.04 million, a PE ratio of 14.21 and a beta of 0.61. 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 has a 52 week low of $8.89 and a 52 week high of $14.00.

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 anticipate that HarborOne Bancorp will post 0.83 earnings per share for the current year.

HarborOne Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued 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 (DPR) is presently 48.48%.

Institutional Investors Weigh In On HarborOne Bancorp

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in HarborOne Bancorp by 65.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 121,178 shares of the financial services provider's stock valued at $1,573,000 after acquiring an additional 47,857 shares during the period. Franklin Resources Inc. increased its holdings in 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 purchasing an additional 24,924 shares during the period. Jane Street Group LLC raised its position in HarborOne Bancorp by 76.6% during 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 during the last quarter. SG Americas Securities LLC lifted its holdings in HarborOne Bancorp by 29.8% during the 4th 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 during the period. Finally, Barclays PLC lifted its position in shares of HarborOne Bancorp by 40.7% in the 3rd 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. Institutional investors and hedge funds own 65.01% of the company's stock.

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.

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