HarborOne Bancorp (NASDAQ:HONE) Stock Price Passes Below 50 Day Moving Average - Here's Why

HarborOne Bancorp, Inc. (NASDAQ:HONE - Get Free Report)'s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.49 and traded as low as $10.64. HarborOne Bancorp shares last traded at $10.65, with a volume of 108,611 shares traded.

HarborOne Bancorp Stock Down 2.7 %

The stock has a market capitalization of $458.03 million, a P/E ratio of 15.95 and a beta of 0.73. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92. The firm's fifty day moving average is $11.42 and its 200-day moving average is $12.16.

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, beating analysts' consensus estimates 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, equities research analysts predict that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current year.

HarborOne Bancorp Cuts Dividend

The firm also recently announced 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. This represents a $0.04 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Wednesday, April 9th. HarborOne Bancorp's payout ratio is presently 48.48%.

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Hedge Funds Weigh In On HarborOne Bancorp

A number of institutional investors have recently modified their holdings of HONE. JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 47,857 shares in the last quarter. Franklin Resources Inc. boosted 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 acquiring an additional 24,924 shares during the last quarter. Jane Street Group LLC increased its position in HarborOne Bancorp by 76.6% in the third 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 period. SG Americas Securities LLC lifted its position 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 valued at $324,000 after purchasing an additional 6,288 shares during the period. Finally, Barclays PLC lifted its position in HarborOne Bancorp by 40.7% during the 3rd quarter. Barclays PLC now owns 107,289 shares of the financial services provider's stock valued at $1,392,000 after purchasing an additional 31,045 shares during the period. 65.01% of the stock is owned by institutional investors.

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.