Short Interest in HarborOne Bancorp, Inc. (NASDAQ:HONE) Declines By 10.4%

HarborOne Bancorp, Inc. (NASDAQ:HONE) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 250,900 shares, a decrease of 10.4% from the October 31st total of 280,000 shares. Based on an average daily volume of 186,100 shares, the short-interest ratio is currently 1.3 days. Approximately 0.7% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of research analysts have commented on the company. StockNews.com raised HarborOne Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Piper Sandler reduced their price objective on HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th.

Insider Buying and Selling at HarborOne Bancorp

In other news, CMO David E. Tryder sold 13,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $12.48, for a total value of $162,240.00. Following the sale, the chief marketing officer now owns 15,159 shares in the company, valued at approximately $189,184.32. This represents a 46.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HarborOne Bancorp

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of HarborOne Bancorp by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 2,342,754 shares of the financial services provider’s stock valued at $24,974,000 after purchasing an additional 6,511 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of HarborOne Bancorp by 14.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,781 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,498 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of HarborOne Bancorp by 5.6% during the second 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. nVerses Capital LLC acquired a new stake in HarborOne Bancorp during the 2nd quarter worth about $27,000. Finally, TD Asset Management Inc lifted its stake in HarborOne Bancorp by 14.2% during the second quarter. TD Asset Management Inc now owns 65,148 shares of the financial services provider’s stock valued at $725,000 after buying an additional 8,122 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

HarborOne Bancorp Stock Performance

Shares of NASDAQ:HONE traded down $0.15 during trading on Tuesday, reaching $12.76. 100,057 shares of the company’s stock traded hands, compared to its average volume of 154,026. The stock has a market capitalization of $562.08 million, a P/E ratio of 46.11 and a beta of 0.75. HarborOne Bancorp has a 12 month low of $9.15 and a 12 month high of $14.00. The company has a 50 day moving average of $12.74 and a 200-day moving average of $12.11. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.12 and a quick ratio of 1.11.

HarborOne Bancorp (NASDAQ:HONE) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.10 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $43.37 million. On average, equities analysts expect that HarborOne Bancorp will post 0.62 EPS for the current year.

HarborOne Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Monday, October 14th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.32 dividend on an annualized basis and a yield of 2.51%. HarborOne Bancorp’s dividend payout ratio (DPR) is presently 114.29%.

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.