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

Shares of HarborOne Bancorp, Inc. (NASDAQ:HONEGet Free Report) 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:HONEGet Free Report) 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

(Get Free Report)

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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