Credit Industriel ET Commercial Invests $3.88 Million in HarborOne Bancorp, Inc. $HONE

Credit Industriel ET Commercial bought a new position in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 331,984 shares of the financial services provider’s stock, valued at approximately $3,878,000.

A number of other institutional investors have also made changes to their positions in the company. Millennium Management LLC lifted its position in shares of HarborOne Bancorp by 70.5% during the first quarter. Millennium Management LLC now owns 463,597 shares of the financial services provider’s stock worth $4,808,000 after purchasing an additional 191,719 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of HarborOne Bancorp by 0.7% during the first quarter. Victory Capital Management Inc. now owns 288,142 shares of the financial services provider’s stock worth $2,988,000 after purchasing an additional 2,070 shares in the last quarter. Nuveen LLC acquired a new position in shares of HarborOne Bancorp during the first quarter worth $1,484,000. Empowered Funds LLC raised its holdings in HarborOne Bancorp by 8.5% in the first quarter. Empowered Funds LLC now owns 134,279 shares of the financial services provider’s stock valued at $1,392,000 after acquiring an additional 10,523 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in HarborOne Bancorp by 350.3% in the first quarter. Jane Street Group LLC now owns 106,075 shares of the financial services provider’s stock valued at $1,100,000 after acquiring an additional 82,521 shares in the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

HarborOne Bancorp Price Performance

HONE stock opened at $13.67 on Tuesday. HarborOne Bancorp, Inc. has a 1-year low of $8.89 and a 1-year high of $14.22. The firm has a fifty day moving average price of $12.92 and a two-hundred day moving average price of $11.80. The firm has a market cap of $590.00 million, a price-to-earnings ratio of 21.03 and a beta of 0.61.

HarborOne Bancorp (NASDAQ:HONE) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. HarborOne Bancorp had a net margin of 8.43% and a return on equity of 4.66%. The firm had revenue of $45.44 million during the quarter, compared to analyst estimates of $32.39 million. As a group, analysts expect that HarborOne Bancorp, Inc. will post 0.83 EPS for the current fiscal year.

HarborOne Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Wednesday, September 3rd were paid a dividend of $0.09 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $0.36 annualized dividend and a yield of 2.6%. HarborOne Bancorp’s payout ratio is presently 55.38%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HONE shares. Wall Street Zen raised shares of HarborOne Bancorp to a “hold” rating in a report on Friday, August 22nd. Piper Sandler upped their price target on shares of HarborOne Bancorp from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of HarborOne Bancorp in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

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.