50,336 Shares in HarborOne Bancorp, Inc. (HONE) Acquired by First Trust Advisors LP
First Trust Advisors LP purchased a new stake in HarborOne Bancorp, Inc. (NASDAQ:HONE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 50,336 shares of the financial services provider’s stock, valued at approximately $1,005,000. First Trust Advisors LP owned approximately 0.16% of HarborOne Bancorp as of its most recent SEC filing.
Separately, Schwab Charles Investment Management Inc. raised its holdings in HarborOne Bancorp by 59.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 40,100 shares of the financial services provider’s stock valued at $801,000 after acquiring an additional 15,000 shares in the last quarter. 16.21% of the stock is owned by hedge funds and other institutional investors.
Separately, ValuEngine cut HarborOne Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th.
HarborOne Bancorp, Inc. (NASDAQ:HONE) opened at 18.27 on Thursday. HarborOne Bancorp, Inc. has a 12-month low of $15.13 and a 12-month high of $20.19. The firm has a 50-day moving average price of $17.75 and a 200 day moving average price of $17.75. The firm has a market cap of $566.77 million, a PE ratio of 45.56 and a beta of 0.27.
HarborOne Bancorp (NASDAQ:HONE) last released its quarterly earnings results on Friday, July 21st. The financial services provider reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. HarborOne Bancorp had a net margin of 8.39% and a return on equity of 3.75%. The company had revenue of $32.51 million during the quarter. Equities research analysts forecast that HarborOne Bancorp, Inc. will post $0.38 EPS for the current year.
HarborOne Bancorp Profile
HarborOne Bancorp, Inc is a mid-tier stock holding company. The Company’s principal subsidiary is HarborOne Bank (the Bank), a state chartered co-operative bank whose primary subsidiary is a residential mortgage company, Merrimack Mortgage Company, LLC (Merrimack Mortgage). The Company operates through two segments: HarborOne Bank and Merrimack Mortgage.
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