Brandywine Global Investment Management LLC lessened its position in HarborOne Bancorp, Inc. (NASDAQ:HONE) by 6.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 502,363 shares of the financial services provider’s stock after selling 35,990 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.91% of HarborOne Bancorp worth $7,204,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HONE. Vanguard Group Inc. lifted its position in shares of HarborOne Bancorp by 53.2% in the second quarter. Vanguard Group Inc. now owns 2,649,929 shares of the financial services provider’s stock valued at $38,001,000 after acquiring an additional 919,950 shares in the last quarter. BlackRock Inc. increased its stake in HarborOne Bancorp by 8.9% during the first quarter. BlackRock Inc. now owns 4,633,597 shares of the financial services provider’s stock worth $62,414,000 after acquiring an additional 378,947 shares during the last quarter. LSV Asset Management acquired a new stake in HarborOne Bancorp during the second quarter worth $4,099,000. Dimensional Fund Advisors LP increased its stake in HarborOne Bancorp by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,591,812 shares of the financial services provider’s stock worth $22,826,000 after acquiring an additional 118,467 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in HarborOne Bancorp during the first quarter worth $1,379,000. Institutional investors and hedge funds own 58.36% of the company’s stock.
Separately, Zacks Investment Research raised HarborOne Bancorp from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Monday.
HarborOne Bancorp (NASDAQ:HONE) last released its quarterly earnings results on Monday, July 26th. The financial services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.07). HarborOne Bancorp had a return on equity of 9.04% and a net margin of 21.96%. The firm had revenue of $54.23 million for the quarter, compared to analysts’ expectations of $68.70 million. Sell-side analysts expect that HarborOne Bancorp, Inc. will post 1.16 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 27th. Stockholders of record on Wednesday, October 13th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, October 12th. This represents a $0.20 annualized dividend and a dividend yield of 1.43%. HarborOne Bancorp’s dividend payout ratio is currently 24.39%.
About HarborOne Bancorp
HarborOne Bancorp, Inc is a bank holding company, which engages in the provision of co-operative banking services. It operates through the HarborOne Bank and HarborOne Mortgage segments. The HarborOne Bank segment consists primarily of interest earned on loans and investment securities and service charges on deposit accounts.
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