HarborOne Bancorp, Inc. (NASDAQ:HONE) Holdings Lowered by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership cut its holdings in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) by 42.4% in the fourth quarter, HoldingsChannel reports. The fund owned 149,898 shares of the financial services provider’s stock after selling 110,513 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in HarborOne Bancorp were worth $1,773,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. US Bancorp DE grew its position in HarborOne Bancorp by 1,306.7% in the fourth quarter. US Bancorp DE now owns 5,880 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 5,462 shares in the last quarter. Quantbot Technologies LP grew its holdings in HarborOne Bancorp by 18.3% in the 4th quarter. Quantbot Technologies LP now owns 6,677 shares of the financial services provider’s stock valued at $79,000 after buying an additional 1,033 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of HarborOne Bancorp in the fourth quarter worth $81,000. Y Intercept Hong Kong Ltd acquired a new stake in HarborOne Bancorp in the 4th quarter worth $176,000. Finally, Commonwealth Equity Services LLC increased its stake in HarborOne Bancorp by 31.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 16,678 shares of the financial services provider’s stock valued at $197,000 after acquiring an additional 3,993 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

HarborOne Bancorp Trading Down 4.9 %

Shares of HarborOne Bancorp stock opened at $9.16 on Friday. HarborOne Bancorp, Inc. has a 52-week low of $9.02 and a 52-week high of $14.00. 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 firm has a market capitalization of $407.26 million, a PE ratio of 13.88 and a beta of 0.61. The company’s fifty day moving average price is $10.98 and its two-hundred day moving average price is $11.93.

HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. On average, analysts expect that HarborOne Bancorp, Inc. will post 0.83 EPS for the current year.

HarborOne Bancorp Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.44%. HarborOne Bancorp’s payout ratio is presently 48.48%.

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.