HarborOne Bancorp (NASDAQ:HONE) Stock Price Passes Below 50 Day Moving Average - Time to Sell?

HarborOne Bancorp, Inc. (NASDAQ:HONE - Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.81 and traded as low as $11.15. HarborOne Bancorp shares last traded at $11.16, with a volume of 136,715 shares changing hands.

HarborOne Bancorp Stock Performance

The company has a market capitalization of $479.29 million, a P/E ratio of 16.48 and a beta of 0.75. 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 stock has a fifty day simple moving average of $11.74 and a 200-day simple moving average of $12.39.

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

HarborOne Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.32 annualized dividend and a dividend yield of 2.94%. HarborOne Bancorp's payout ratio is currently 48.48%.

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Hedge Funds Weigh In On HarborOne Bancorp

Several institutional investors have recently modified their holdings of HONE. Rhino Investment Partners Inc acquired a new position in shares of HarborOne Bancorp during the 4th quarter worth about $3,185,000. Millennium Management LLC grew its position in shares of HarborOne Bancorp by 174.8% during the 4th quarter. Millennium Management LLC now owns 271,878 shares of the financial services provider's stock worth $3,216,000 after buying an additional 172,941 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of HarborOne Bancorp by 2.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,693,131 shares of the financial services provider's stock valued at $67,350,000 after purchasing an additional 131,602 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of HarborOne Bancorp by 306.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 141,343 shares of the financial services provider's stock valued at $1,672,000 after purchasing an additional 106,526 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of HarborOne Bancorp by 78.9% in the 4th quarter. JPMorgan Chase & Co. now owns 216,837 shares of the financial services provider's stock valued at $2,565,000 after purchasing an additional 95,659 shares during the period. 65.01% of the stock is currently owned by institutional investors and hedge funds.

HarborOne Bancorp Company Profile

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.