HarborOne Bancorp (NASDAQ:HONE) Shares Cross Below 50 Day Moving Average - Here's What Happened

HarborOne Bancorp, Inc. (NASDAQ:HONE - Get Free Report)'s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.44 and traded as low as $12.01. HarborOne Bancorp shares last traded at $12.07, with a volume of 139,804 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on HONE. StockNews.com raised shares of HarborOne Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, November 2nd. Piper Sandler cut their price target on shares of HarborOne Bancorp from $15.00 to $13.00 and set a "neutral" rating on the stock in a report on Friday, October 25th.

HarborOne Bancorp Trading Down 1.4 %

The firm has a market cap of $524.20 million, a price-to-earnings ratio of 42.50 and a beta of 0.76. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.12 and a quick ratio of 1.11. The firm's fifty day moving average is $12.42 and its 200-day moving average is $12.54.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm had revenue of $79.60 million during the quarter, compared to analyst estimates of $43.37 million. HarborOne Bancorp had a net margin of 3.68% and a return on equity of 3.82%. Equities analysts anticipate that HarborOne Bancorp, Inc. will post 0.62 earnings per share for the current year.

HarborOne Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.32 annualized dividend and a yield of 2.69%. HarborOne Bancorp's payout ratio is 114.29%.

Hedge Funds Weigh In On HarborOne Bancorp

Several institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC increased its position in shares of 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 acquiring an additional 6,288 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of HarborOne Bancorp by 65.3% during the third quarter. JPMorgan Chase & Co. now owns 121,178 shares of the financial services provider's stock worth $1,573,000 after acquiring an additional 47,857 shares in the last quarter. Franklin Resources Inc. increased its position in shares of HarborOne Bancorp by 194.9% during the third quarter. Franklin Resources Inc. now owns 37,714 shares of the financial services provider's stock worth $496,000 after acquiring an additional 24,924 shares in the last quarter. Barclays PLC increased its position 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 acquiring an additional 31,045 shares in the last quarter. Finally, Jane Street Group LLC grew its position 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. 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.