Spouting Rock Asset Management LLC Reduces Stake in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Spouting Rock Asset Management LLC cut its stake in shares of HarborOne Bancorp, Inc. (NASDAQ:HONEGet Rating) by 19.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,506 shares of the financial services provider’s stock after selling 48,163 shares during the quarter. HarborOne Bancorp comprises approximately 2.3% of Spouting Rock Asset Management LLC’s investment portfolio, making the stock its 18th biggest holding. Spouting Rock Asset Management LLC owned 0.38% of HarborOne Bancorp worth $2,976,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HONE. Citigroup Inc. grew its position in HarborOne Bancorp by 49.2% in the 4th quarter. Citigroup Inc. now owns 16,724 shares of the financial services provider’s stock valued at $248,000 after buying an additional 5,514 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of HarborOne Bancorp by 8.0% in the fourth quarter. Panagora Asset Management Inc. now owns 133,829 shares of the financial services provider’s stock worth $1,986,000 after purchasing an additional 9,935 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of HarborOne Bancorp by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,728,727 shares of the financial services provider’s stock worth $25,654,000 after acquiring an additional 22,406 shares during the period. First Trust Advisors LP grew its holdings in HarborOne Bancorp by 21.0% during the fourth quarter. First Trust Advisors LP now owns 102,417 shares of the financial services provider’s stock worth $1,520,000 after buying an additional 17,764 shares in the last quarter. Finally, ProShare Advisors LLC bought a new position in HarborOne Bancorp in the 4th quarter worth about $155,000. Hedge funds and other institutional investors own 57.37% of the company’s stock.

Several equities analysts have recently commented on HONE shares. StockNews.com began coverage on HarborOne Bancorp in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Piper Sandler downgraded shares of HarborOne Bancorp from a “neutral” rating to an “underweight” rating and set a $15.50 target price for the company. in a report on Friday, March 18th. Finally, Zacks Investment Research upgraded shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, March 29th.

Shares of HarborOne Bancorp stock traded up $0.09 on Thursday, hitting $13.80. 144,157 shares of the company traded hands, compared to its average volume of 186,613. The company has a market cap of $707.33 million, a PE ratio of 13.57 and a beta of 0.74. HarborOne Bancorp, Inc. has a 12-month low of $12.99 and a 12-month high of $15.49. The company has a 50-day moving average price of $14.10 and a 200 day moving average price of $14.48. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.13.

HarborOne Bancorp (NASDAQ:HONEGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The financial services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.17 by $0.08. HarborOne Bancorp had a net margin of 22.78% and a return on equity of 7.47%. Equities research analysts anticipate that HarborOne Bancorp, Inc. will post 0.93 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 27th. Stockholders of record on Wednesday, April 13th were issued a $0.07 dividend. This is a boost from HarborOne Bancorp’s previous quarterly dividend of $0.05. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Tuesday, April 12th. HarborOne Bancorp’s dividend payout ratio is presently 27.72%.

In other HarborOne Bancorp news, CEO James W. Blake sold 50,000 shares of the stock in a transaction dated Friday, March 11th. The shares were sold at an average price of $15.10, for a total value of $755,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James W. Blake sold 40,053 shares of the firm’s stock in a transaction on Wednesday, March 23rd. The shares were sold at an average price of $14.25, for a total transaction of $570,755.25. The disclosure for this sale can be found here. Insiders have sold a total of 340,053 shares of company stock valued at $4,980,755 over the last 90 days. 5.96% of the stock is currently owned by company insiders.

HarborOne Bancorp Company Profile (Get Rating)

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 lending products comprise commercial real estate, commercial, residential mortgages, and consumer loans, including indirect automobile lease loans.

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Institutional Ownership by Quarter for HarborOne Bancorp (NASDAQ:HONE)

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