State Street Corp Sells 67,609 Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE)

State Street Corp lowered its holdings in HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 5.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,184,883 shares of the financial services provider's stock after selling 67,609 shares during the quarter. State Street Corp owned 2.67% of HarborOne Bancorp worth $15,380,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew 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 purchasing an additional 67,913 shares during the period. Renaissance Technologies LLC grew its holdings in shares of HarborOne Bancorp by 5.7% in the 2nd quarter. Renaissance Technologies LLC now owns 387,241 shares of the financial services provider's stock worth $4,310,000 after purchasing an additional 20,800 shares during the last quarter. American Century Companies Inc. increased its position in shares of 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 purchasing an additional 7,412 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in HarborOne Bancorp by 5.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 216,196 shares of the financial services provider's stock valued at $2,406,000 after purchasing an additional 11,438 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in HarborOne Bancorp by 0.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 199,702 shares of the financial services provider's stock valued at $2,592,000 after buying an additional 1,285 shares in the last quarter. Institutional investors own 65.01% of the company's stock.

HarborOne Bancorp Price Performance

Shares of HarborOne Bancorp stock traded down $0.01 during midday trading on Wednesday, reaching $12.13. The company had a trading volume of 136,993 shares, compared to its average volume of 159,042. The stock has a fifty day simple moving average of $12.76 and a 200 day simple moving average of $12.36. HarborOne Bancorp, Inc. has a 1-year low of $9.15 and a 1-year high of $14.00. 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 company has a market capitalization of $534.35 million, a price-to-earnings ratio of 43.32 and a beta of 0.75.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last released its quarterly 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%. As a group, equities research analysts forecast that HarborOne Bancorp, Inc. will post 0.62 earnings per share for the current year.

HarborOne Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Tuesday, December 31st. HarborOne Bancorp's payout ratio is 114.29%.

Wall Street Analyst Weigh In

HONE has been the subject of a number of recent analyst reports. Piper Sandler dropped their price target on HarborOne Bancorp from $15.00 to $13.00 and set a "neutral" rating for the company in a report on Friday, October 25th. StockNews.com upgraded HarborOne Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, November 2nd.

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.