HarborOne Bancorp (NASDAQ:HONE) Sees Strong Trading Volume - What's Next?

HarborOne Bancorp, Inc. (NASDAQ:HONE - Get Free Report) shares saw strong trading volume on Friday . 312,168 shares changed hands during trading, an increase of 113% from the previous session's volume of 146,660 shares.The stock last traded at $11.77 and had previously closed at $11.87.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com cut HarborOne Bancorp from a "hold" rating to a "sell" rating in a research report on Friday, October 25th. Piper Sandler cut their price objective on shares of HarborOne Bancorp from $15.00 to $13.00 and set a "neutral" rating for the company in a research report on Friday, October 25th.

HarborOne Bancorp Stock Performance

The stock has a 50-day moving average price of $12.70 and a 200 day moving average price of $11.70. The firm has a market cap of $530.68 million, a PE ratio of 42.68 and a beta of 0.73. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.14 and a quick ratio of 1.13.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08). HarborOne Bancorp had a net margin of 3.68% and a return on equity of 3.82%. The company had revenue of $79.60 million for the quarter, compared to analyst estimates of $43.37 million. Research analysts forecast that HarborOne Bancorp, Inc. will post 0.64 earnings per share for the current year.

HarborOne Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Monday, October 14th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, October 11th. This represents a $0.32 annualized dividend and a dividend yield of 2.68%. HarborOne Bancorp's dividend payout ratio is presently 114.29%.

Insider Transactions at HarborOne Bancorp

In other HarborOne Bancorp news, CMO David E. Tryder sold 13,000 shares of the business's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $12.48, for a total transaction of $162,240.00. Following the completion of the sale, the chief marketing officer now owns 15,159 shares of the company's stock, valued at approximately $189,184.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.90% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HONE. Dimensional Fund Advisors LP raised its stake in shares of HarborOne Bancorp by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,461,705 shares of the financial services provider's stock valued at $27,398,000 after acquiring an additional 67,913 shares during the period. Vanguard Group Inc. grew its stake in shares of HarborOne Bancorp by 0.3% in the first quarter. Vanguard Group Inc. now owns 2,342,754 shares of the financial services provider's stock valued at $24,974,000 after buying an additional 6,511 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of HarborOne Bancorp by 5.7% during the 2nd quarter. Renaissance Technologies LLC now owns 387,241 shares of the financial services provider's stock valued at $4,310,000 after buying an additional 20,800 shares during the period. American Century Companies Inc. lifted its position in HarborOne Bancorp by 2.2% during the 2nd quarter. American Century Companies Inc. now owns 348,448 shares of the financial services provider's stock worth $3,878,000 after acquiring an additional 7,412 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in HarborOne Bancorp by 5.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 216,196 shares of the financial services provider's stock worth $2,406,000 after acquiring an additional 11,438 shares during the period. 65.01% of the stock is 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.