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

HarborOne Bancorp, Inc. (NASDAQ:HONE) was the target of a large decrease in short interest in the month of 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 trading volume, of 186,100 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HONE shares. Piper Sandler dropped their price objective on HarborOne Bancorp from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. StockNews.com upgraded HarborOne Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd.

HarborOne Bancorp Stock Down 0.9 %

Shares of NASDAQ:HONE traded down $0.12 during trading on Tuesday, reaching $12.79. 19,774 shares of the company traded hands, compared to its average volume of 153,678. 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 has a market cap of $563.40 million, a P/E ratio of 46.11 and a beta of 0.75. HarborOne Bancorp has a 1-year low of $9.15 and a 1-year high of $14.00. The firm has a fifty day simple moving average of $12.74 and a 200 day simple moving average of $12.11.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). HarborOne Bancorp had a return on equity of 3.82% and a net margin of 3.68%. The firm had revenue of $79.60 million during the quarter, compared to the consensus estimate of $43.37 million. Analysts anticipate that HarborOne Bancorp will post 0.62 earnings per share for the current fiscal year.

HarborOne Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Monday, October 14th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.32 annualized dividend and a dividend yield of 2.50%. HarborOne Bancorp’s dividend payout ratio is presently 114.29%.

Insider Transactions at HarborOne Bancorp

In related news, CMO David E. Tryder sold 13,000 shares of HarborOne Bancorp stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $12.48, for a total value of $162,240.00. Following the completion of the transaction, the chief marketing officer now directly owns 15,159 shares in the company, valued at approximately $189,184.32. This trade represents a 46.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HONE. Dimensional Fund Advisors LP boosted its holdings in HarborOne Bancorp by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,461,705 shares of the financial services provider’s stock valued at $27,398,000 after acquiring an additional 67,913 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of HarborOne Bancorp by 0.3% in 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 buying an additional 6,511 shares during the period. Renaissance Technologies LLC grew its stake in HarborOne Bancorp by 5.7% in the second quarter. Renaissance Technologies LLC now owns 387,241 shares of the financial services provider’s stock valued at $4,310,000 after acquiring an additional 20,800 shares during the period. American Century Companies Inc. lifted its stake in shares of HarborOne Bancorp by 2.2% in the second quarter. American Century Companies Inc. now owns 348,448 shares of the financial services provider’s stock valued at $3,878,000 after buying an additional 7,412 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of HarborOne Bancorp by 5.6% in the second quarter. Bank of New York Mellon Corp now owns 216,196 shares of the financial services provider’s stock worth $2,406,000 after purchasing an additional 11,438 shares during the last quarter. 65.01% of the stock is currently owned by institutional investors and hedge funds.

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.