Rhino Investment Partners Inc Has $1.41 Million Stock Holdings in HarborOne Bancorp, Inc. $HONE

Rhino Investment Partners Inc trimmed its holdings in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) by 49.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 135,605 shares of the financial services provider’s stock after selling 133,667 shares during the period. Rhino Investment Partners Inc owned approximately 0.31% of HarborOne Bancorp worth $1,406,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in HONE. Tower Research Capital LLC TRC raised its position in HarborOne Bancorp by 128.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,507 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 2,538 shares in the last quarter. Quarry LP acquired a new stake in HarborOne Bancorp in the 4th quarter valued at $57,000. CWM LLC boosted its stake in shares of HarborOne Bancorp by 35.3% in the 1st quarter. CWM LLC now owns 5,079 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,326 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in HarborOne Bancorp during the fourth quarter worth about $101,000. Finally, Point72 Asset Management L.P. bought a new stake in HarborOne Bancorp during the 4th quarter worth approximately $114,000. 65.01% of the stock is currently owned by institutional investors and hedge funds.

HarborOne Bancorp Stock Down 0.1%

Shares of HONE stock opened at $12.09 on Thursday. The firm has a market cap of $521.80 million, a price-to-earnings ratio of 18.60 and a beta of 0.60. HarborOne Bancorp, Inc. has a 12 month low of $8.89 and a 12 month high of $13.73. The stock has a 50-day moving average price of $11.86 and a 200 day moving average price of $11.29.

HarborOne Bancorp (NASDAQ:HONE) last issued its earnings results on Thursday, July 24th. The financial services provider reported $0.23 earnings per share (EPS) 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 company had revenue of $45.44 million for the quarter, compared to analyst estimates of $32.39 million. Sell-side analysts predict that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Wednesday, September 3rd will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $0.36 annualized dividend and a dividend yield of 3.0%. HarborOne Bancorp’s payout ratio is presently 55.38%.

Analyst Ratings Changes

HONE has been the subject of a number of research reports. Seaport Res Ptn upgraded HarborOne Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 25th. Janney Montgomery Scott reissued a “neutral” rating on shares of HarborOne Bancorp in a report on Tuesday, April 29th. Wall Street Zen assumed coverage on shares of HarborOne Bancorp in a research report on Thursday, May 22nd. They issued a “hold” rating for the company. Finally, Piper Sandler boosted their target price on shares of HarborOne Bancorp from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $13.00.

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.