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

HarborOne Bancorp, Inc. (NASDAQ:HONE)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.49 and traded as low as $10.64. HarborOne Bancorp shares last traded at $10.65, with a volume of 108,611 shares traded.

HarborOne Bancorp Stock Performance

The firm has a market capitalization of $463.25 million, a price-to-earnings ratio of 16.14 and a beta of 0.73. The firm has a 50 day moving average price of $11.49 and a 200-day moving average price of $12.20. 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 quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%. As a group, sell-side analysts expect that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. lifted its position in shares of HarborOne Bancorp by 2.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,693,131 shares of the financial services provider’s stock worth $67,350,000 after purchasing an additional 131,602 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in HarborOne Bancorp by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,592,784 shares of the financial services provider’s stock worth $30,673,000 after buying an additional 47,592 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of HarborOne Bancorp by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 2,247,931 shares of the financial services provider’s stock worth $26,593,000 after acquiring an additional 75,328 shares in the last quarter. Northern Trust Corp increased its holdings in shares of HarborOne Bancorp by 5.7% in the 4th quarter. Northern Trust Corp now owns 364,935 shares of the financial services provider’s stock valued at $4,317,000 after acquiring an additional 19,600 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of HarborOne Bancorp by 1.0% during the 4th quarter. American Century Companies Inc. now owns 356,944 shares of the financial services provider’s stock worth $4,223,000 after acquiring an additional 3,688 shares in the last quarter. Institutional investors and hedge funds 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.