Balyasny Asset Management L.P. Boosts Stake in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Balyasny Asset Management L.P. increased its position in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 31.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,078 shares of the financial services provider’s stock after buying an additional 5,228 shares during the period. Balyasny Asset Management L.P. owned 0.05% of HarborOne Bancorp worth $261,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position in HarborOne Bancorp by 128.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,507 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 2,538 shares during the period. Quarry LP purchased a new stake in HarborOne Bancorp during the fourth quarter valued at approximately $57,000. US Bancorp DE raised its position in HarborOne Bancorp by 1,306.7% during the fourth quarter. US Bancorp DE now owns 5,880 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 5,462 shares during the period. Quantbot Technologies LP raised its position in HarborOne Bancorp by 18.3% during the fourth quarter. Quantbot Technologies LP now owns 6,677 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 1,033 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in HarborOne Bancorp during the fourth quarter valued at approximately $81,000. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

HarborOne Bancorp Trading Down 0.3%

Shares of NASDAQ HONE opened at $11.70 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.12. The business’s 50 day moving average price is $10.51 and its 200-day moving average price is $11.58. HarborOne Bancorp, Inc. has a fifty-two week low of $8.89 and a fifty-two week high of $14.00. The company has a market cap of $504.16 million, a price-to-earnings ratio of 17.73 and a beta of 0.60.

HarborOne Bancorp (NASDAQ:HONE) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.03). HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%. The business had revenue of $41.36 million during the quarter, compared to analysts’ expectations of $36.01 million. On average, sell-side analysts expect that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current year.

HarborOne Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Wednesday, April 9th. HarborOne Bancorp’s dividend payout ratio is 57.14%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HONE shares. Seaport Res Ptn upgraded HarborOne Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Janney Montgomery Scott reiterated a “neutral” rating on shares of HarborOne Bancorp in a report on Tuesday, April 29th. Finally, StockNews.com started coverage on HarborOne Bancorp in a report on Wednesday. They issued a “hold” rating on the stock.

HarborOne Bancorp 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.