Short Interest in HarborOne Bancorp, Inc. (NASDAQ:HONE) Increases By 19.6%

HarborOne Bancorp, Inc. (NASDAQ:HONE) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 366,300 shares, an increase of 19.6% from the March 15th total of 306,200 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 191,300 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Investors Weigh In On HarborOne Bancorp

A number of large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in shares of HarborOne Bancorp by 1,777.0% in the first quarter. GAMMA Investing LLC now owns 19,558 shares of the financial services provider’s stock worth $1,886,000 after purchasing an additional 18,516 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of HarborOne Bancorp in the 4th quarter valued at approximately $321,000. PharVision Advisers LLC bought a new position in HarborOne Bancorp during the fourth quarter valued at $240,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of HarborOne Bancorp by 8.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,063 shares of the financial services provider’s stock valued at $888,000 after buying an additional 5,575 shares during the period. Finally, Squarepoint Ops LLC bought a new position in HarborOne Bancorp in the 4th quarter valued at $813,000. Institutional investors own 65.01% of the company’s stock.

HarborOne Bancorp Price Performance

Shares of NASDAQ HONE traded up $0.53 during midday trading on Tuesday, hitting $9.79. 78,323 shares of the company’s stock were exchanged, compared to its average volume of 169,909. HarborOne Bancorp has a 12-month low of $8.89 and a 12-month high of $14.00. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92. The company has a market cap of $435.36 million, a price-to-earnings ratio of 14.85 and a beta of 0.61. The business’s fifty day moving average price is $10.58 and its two-hundred day moving average price is $11.77.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.20 earnings per share for the quarter, beating 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%. As a group, research analysts forecast that HarborOne Bancorp will post 0.83 EPS for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders 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 annualized dividend and a dividend yield of 0.41%. HarborOne Bancorp’s dividend payout ratio is presently 48.48%.

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 primary lending products comprise commercial real estate, commercial, residential mortgages, home equity, and consumer loans.