HarborOne Bancorp (NASDAQ:HONE) Stock Passes Below 50 Day Moving Average – Here’s Why

Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $11.64 and traded as low as $10.49. HarborOne Bancorp shares last traded at $10.50, with a volume of 161,193 shares.

HarborOne Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.92, a current ratio of 1.12 and a quick ratio of 1.11. The company has a 50 day simple moving average of $11.62 and a 200-day simple moving average of $12.31. The stock has a market cap of $467.60 million, a P/E ratio of 16.29 and a beta of 0.73.

HarborOne Bancorp (NASDAQ:HONE) last issued its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, topping 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, equities analysts expect that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Tuesday, December 31st. HarborOne Bancorp’s dividend payout ratio (DPR) is presently 48.48%.

Institutional Investors Weigh In On HarborOne Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of HONE. Tower Research Capital LLC TRC lifted its stake in shares of HarborOne Bancorp by 128.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,507 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 2,538 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of HarborOne Bancorp by 164.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,217 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 2,624 shares during the last quarter. Quarry LP bought a new stake in shares of HarborOne Bancorp in the 4th quarter valued at about $57,000. US Bancorp DE lifted its stake in shares of HarborOne Bancorp by 1,306.7% in the 4th quarter. US Bancorp DE now owns 5,880 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 5,462 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of HarborOne Bancorp in the 3rd quarter valued at about $73,000. Institutional investors own 65.01% of the company’s stock.

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.