Zacks Investment Management Takes Position in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Zacks Investment Management acquired a new stake in HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,811 shares of the financial services provider's stock, valued at approximately $471,000. Zacks Investment Management owned 0.09% of HarborOne Bancorp at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP increased its holdings in shares of 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 buying an additional 1,033 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in HarborOne Bancorp by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,407 shares of the financial services provider's stock valued at $3,779,000 after purchasing an additional 2,363 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of HarborOne Bancorp by 6.1% in the 4th quarter. Russell Investments Group Ltd. now owns 58,425 shares of the financial services provider's stock valued at $691,000 after purchasing an additional 3,383 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of HarborOne Bancorp by 1.0% in the 4th quarter. American Century Companies Inc. now owns 356,944 shares of the financial services provider's stock valued at $4,223,000 after purchasing an additional 3,688 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of HarborOne Bancorp by 31.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 16,678 shares of the financial services provider's stock worth $197,000 after purchasing an additional 3,993 shares during the period. 65.01% of the stock is currently owned by institutional investors and hedge funds.

HarborOne Bancorp Stock Up 0.8 %

Shares of HONE opened at $9.38 on Friday. The company's 50-day moving average price is $10.63 and its 200 day moving average price is $11.80. HarborOne Bancorp, Inc. has a 12-month low of $8.89 and a 12-month 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 firm has a market cap 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 released its quarterly 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%. On average, sell-side analysts forecast that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current year.

HarborOne Bancorp Cuts Dividend

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

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.

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