Lynch & Associates IN increased its position in shares of HarborOne Bancorp Inc (NASDAQ:HONE) by 434.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,011 shares of the financial services provider’s stock after buying an additional 45,532 shares during the period. Lynch & Associates IN owned 0.10% of HarborOne Bancorp worth $564,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aperio Group LLC bought a new position in HarborOne Bancorp during the second quarter worth $26,000. Flagship Harbor Advisors LLC raised its stake in HarborOne Bancorp by 501.9% during the second quarter. Flagship Harbor Advisors LLC now owns 1,559 shares of the financial services provider’s stock worth $29,000 after buying an additional 1,300 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in HarborOne Bancorp by 1,017.6% during the first quarter. BNP Paribas Arbitrage SA now owns 3,040 shares of the financial services provider’s stock worth $52,000 after buying an additional 2,768 shares during the last quarter. UBS Asset Management Americas Inc. bought a new position in HarborOne Bancorp during the second quarter worth $226,000. Finally, Harbor Advisors LLC bought a new position in HarborOne Bancorp during the second quarter worth $281,000. 11.85% of the stock is owned by institutional investors and hedge funds.
NASDAQ:HONE traded down $0.11 during trading hours on Thursday, reaching $9.95. The company had a trading volume of 4,532 shares, compared to its average volume of 559,579. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 0.66. The firm has a market cap of $588.31 million, a price-to-earnings ratio of 36.85 and a beta of 0.61. The business’s 50-day simple moving average is $10.44 and its two-hundred day simple moving average is $16.31. HarborOne Bancorp Inc has a twelve month low of $8.30 and a twelve month high of $11.19.
HONE has been the subject of a number of analyst reports. BidaskClub downgraded shares of HarborOne Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. TheStreet downgraded shares of HarborOne Bancorp from a “b-” rating to a “c” rating in a research note on Thursday, August 15th. Janney Montgomery Scott initiated coverage on shares of HarborOne Bancorp in a research note on Tuesday, August 6th. They set a “buy” rating for the company. Compass Point raised shares of HarborOne Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $17.00 to $22.00 in a research note on Friday, August 9th. Finally, ValuEngine raised shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. HarborOne Bancorp currently has an average rating of “Hold” and a consensus target price of $20.50.
In related news, CEO James W. Blake purchased 10,000 shares of HarborOne Bancorp stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average cost of $9.84 per share, for a total transaction of $98,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.25% of the company’s stock.
About HarborOne Bancorp
HarborOne Bancorp, Inc operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and middle-market businesses, and municipalities throughout Southeastern New England. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and lending products comprise commercial real estate loans, commercial loans, construction loans, one- to four-family residential real estate loans, second mortgages and equity lines of credit, and auto and other consumer loans.
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