M3F Inc. boosted its holdings in HarborOne Bancorp Inc (NASDAQ:HONE) by 31.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,317 shares of the financial services provider’s stock after acquiring an additional 66,127 shares during the quarter. HarborOne Bancorp accounts for approximately 4.2% of M3F Inc.’s holdings, making the stock its 10th largest position. M3F Inc.’s holdings in HarborOne Bancorp were worth $4,718,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC lifted its holdings in shares of HarborOne Bancorp by 10.4% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 34,333 shares of the financial services provider’s stock valued at $656,000 after purchasing an additional 3,226 shares in the last quarter. Vanguard Group Inc. raised its position in HarborOne Bancorp by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 929,689 shares of the financial services provider’s stock valued at $17,777,000 after buying an additional 8,397 shares during the last quarter. Rhumbline Advisers raised its position in HarborOne Bancorp by 48.3% in the 4th quarter. Rhumbline Advisers now owns 19,476 shares of the financial services provider’s stock valued at $309,000 after buying an additional 6,345 shares during the last quarter. Victory Capital Management Inc. raised its position in HarborOne Bancorp by 1.1% in the 4th quarter. Victory Capital Management Inc. now owns 64,390 shares of the financial services provider’s stock valued at $1,023,000 after buying an additional 690 shares during the last quarter. Finally, Ramsey Quantitative Systems raised its position in HarborOne Bancorp by 417.1% in the 4th quarter. Ramsey Quantitative Systems now owns 2,968 shares of the financial services provider’s stock valued at $47,000 after buying an additional 2,394 shares during the last quarter. 19.77% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on HONE shares. Compass Point raised HarborOne Bancorp from a “sell” rating to a “neutral” rating in a research report on Wednesday, March 6th. ValuEngine raised HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Finally, BidaskClub lowered HarborOne Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $19.00.
HarborOne Bancorp stock traded down $0.12 during midday trading on Wednesday, reaching $17.90. The stock had a trading volume of 907 shares, compared to its average volume of 59,118. HarborOne Bancorp Inc has a 1-year low of $14.90 and a 1-year high of $19.95. The firm has a market cap of $586.73 million, a PE ratio of 40.04 and a beta of 0.57. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.05.
HarborOne Bancorp (NASDAQ:HONE) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.05). HarborOne Bancorp had a net margin of 6.38% and a return on equity of 3.96%. The firm had revenue of $35.87 million during the quarter.
HarborOne Bancorp Profile
HarborOne Bancorp, Inc operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and middle-market businesses, and municipalities throughout Southeastern New England. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and lending products comprise commercial real estate loans, commercial loans, construction loans, one- to four-family residential real estate loans, second mortgages and equity lines of credit, and auto and other consumer loans.
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