Vanguard Group Inc. Purchases 75,328 Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE)

Vanguard Group Inc. lifted its stake in HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,247,931 shares of the financial services provider's stock after purchasing an additional 75,328 shares during the period. Vanguard Group Inc. owned 5.10% of HarborOne Bancorp worth $26,593,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. US Bancorp DE raised its stake in HarborOne Bancorp by 1,306.7% during the 4th quarter. US Bancorp DE now owns 5,880 shares of the financial services provider's stock worth $70,000 after buying an additional 5,462 shares during the period. Quantbot Technologies LP increased its stake in HarborOne Bancorp by 18.3% during the 4th quarter. Quantbot Technologies LP now owns 6,677 shares of the financial services provider's stock worth $79,000 after purchasing an additional 1,033 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in HarborOne Bancorp during the 4th quarter worth approximately $81,000. Y Intercept Hong Kong Ltd bought a new position in shares of HarborOne Bancorp during the fourth quarter worth about $176,000. Finally, Commonwealth Equity Services LLC increased its stake in HarborOne Bancorp by 31.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 16,678 shares of the financial services provider's stock valued at $197,000 after buying an additional 3,993 shares during the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

HarborOne Bancorp Stock Up 0.8 %

Shares of NASDAQ HONE traded up $0.07 during trading hours on Friday, hitting $9.38. The company had a trading volume of 233,968 shares, compared to its average volume of 170,049. HarborOne Bancorp, Inc. has a 1-year low of $8.89 and a 1-year high of $14.00. 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 firm's 50 day moving average is $10.69 and its 200-day moving average is $11.82. The stock has a market capitalization of $417.04 million, a P/E ratio of 14.21 and a beta of 0.61.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, beating 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%. On average, analysts expect that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Wednesday, April 9th. HarborOne Bancorp's dividend payout ratio (DPR) is currently 48.48%.

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.