Spouting Rock Asset Management LLC Sells 48,163 Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE)

Spouting Rock Asset Management LLC trimmed its position in HarborOne Bancorp, Inc. (NASDAQ:HONEGet Rating) by 19.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 200,506 shares of the financial services provider’s stock after selling 48,163 shares during the quarter. HarborOne Bancorp makes up approximately 2.3% of Spouting Rock Asset Management LLC’s portfolio, making the stock its 18th biggest position. Spouting Rock Asset Management LLC’s holdings in HarborOne Bancorp were worth $2,976,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HONE. ProShare Advisors LLC bought a new stake in shares of HarborOne Bancorp in the 4th quarter worth about $155,000. BHZ Capital Management LP purchased a new position in shares of HarborOne Bancorp during the 4th quarter valued at about $157,000. Royal Bank of Canada raised its stake in shares of HarborOne Bancorp by 25.6% in the third quarter. Royal Bank of Canada now owns 12,683 shares of the financial services provider’s stock worth $178,000 after purchasing an additional 2,586 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in HarborOne Bancorp by 11.2% during the fourth quarter. Advisor Group Holdings Inc. now owns 12,286 shares of the financial services provider’s stock valued at $182,000 after buying an additional 1,235 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of HarborOne Bancorp by 351.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,490 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 9,726 shares in the last quarter. Institutional investors and hedge funds own 57.37% of the company’s stock.

NASDAQ:HONE traded up $0.09 on Thursday, hitting $13.80. The stock had a trading volume of 144,157 shares, compared to its average volume of 186,613. The firm’s fifty day simple moving average is $14.10 and its two-hundred day simple moving average is $14.48. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.02 and a current ratio of 1.04. The stock has a market cap of $707.33 million, a P/E ratio of 13.57 and a beta of 0.74. HarborOne Bancorp, Inc. has a 1 year low of $12.99 and a 1 year high of $15.49.

HarborOne Bancorp (NASDAQ:HONEGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.08. HarborOne Bancorp had a net margin of 22.78% and a return on equity of 7.47%. Equities research analysts predict that HarborOne Bancorp, Inc. will post 0.93 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 27th. Stockholders of record on Wednesday, April 13th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, April 12th. This is a positive change from HarborOne Bancorp’s previous quarterly dividend of $0.05. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.03%. HarborOne Bancorp’s payout ratio is 27.72%.

In related news, CEO James W. Blake sold 40,053 shares of HarborOne Bancorp stock in a transaction on Wednesday, March 23rd. The stock was sold at an average price of $14.25, for a total value of $570,755.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James W. Blake sold 50,000 shares of the company’s stock in a transaction on Friday, March 11th. The stock was sold at an average price of $15.10, for a total value of $755,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,053 shares of company stock valued at $4,980,755. 5.96% of the stock is owned by corporate insiders.

Several equities research analysts recently issued reports on HONE shares. Zacks Investment Research raised shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, March 29th. StockNews.com began coverage on HarborOne Bancorp in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Piper Sandler lowered HarborOne Bancorp from a “neutral” rating to an “underweight” rating and set a $15.50 target price for the company. in a research report on Friday, March 18th.

About HarborOne Bancorp (Get Rating)

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 lending products comprise commercial real estate, commercial, residential mortgages, and consumer loans, including indirect automobile lease loans.

See Also

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Institutional Ownership by Quarter for HarborOne Bancorp (NASDAQ:HONE)

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