AE Wealth Management LLC purchased a new stake in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 25,632 shares of the financial services provider’s stock, valued at approximately $345,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. Credit Suisse AG raised its stake in HarborOne Bancorp by 1.5% during the fourth quarter. Credit Suisse AG now owns 69,013 shares of the financial services provider’s stock valued at $750,000 after purchasing an additional 1,008 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its stake in HarborOne Bancorp by 6.4% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 21,270 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 1,270 shares in the last quarter. Swiss National Bank raised its stake in shares of HarborOne Bancorp by 1.3% in the fourth quarter. Swiss National Bank now owns 118,884 shares of the financial services provider’s stock valued at $1,291,000 after acquiring an additional 1,500 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of HarborOne Bancorp by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 376,280 shares of the financial services provider’s stock valued at $4,087,000 after acquiring an additional 1,575 shares during the period. Finally, LPL Financial LLC raised its stake in shares of HarborOne Bancorp by 7.1% in the fourth quarter. LPL Financial LLC now owns 30,139 shares of the financial services provider’s stock valued at $327,000 after acquiring an additional 2,000 shares during the period. 53.50% of the stock is currently owned by institutional investors.
In other HarborOne Bancorp news, Director Barry R. Koretz sold 16,000 shares of the stock in a transaction dated Tuesday, May 11th. The shares were sold at an average price of $13.88, for a total transaction of $222,080.00. Following the transaction, the director now directly owns 54,371 shares in the company, valued at approximately $754,669.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.22% of the stock is owned by corporate insiders.
NASDAQ HONE opened at $13.68 on Thursday. The company’s 50-day moving average price is $14.06 and its 200-day moving average price is $11.87. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.25. The stock has a market cap of $768.47 million, a PE ratio of 23.59 and a beta of 0.76. HarborOne Bancorp, Inc. has a 12 month low of $6.91 and a 12 month high of $15.14.
HarborOne Bancorp (NASDAQ:HONE) last posted its quarterly earnings results on Monday, April 26th. The financial services provider reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.07. HarborOne Bancorp had a net margin of 11.64% and a return on equity of 4.63%. As a group, sell-side analysts forecast that HarborOne Bancorp, Inc. will post 0.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 28th. Shareholders of record on Wednesday, April 14th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.46%. This is a boost from HarborOne Bancorp’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, April 13th. HarborOne Bancorp’s dividend payout ratio is presently 60.61%.
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 lending products comprise commercial real estate, commercial and industrial, commercial construction, one-to four-family residential real estate, second mortgages and equity lines of credit, residential construction, and auto and other consumer loans.
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