HarborOne Bancorp, Inc. (NASDAQ:HONE – Get Rating) declared a quarterly dividend on Wednesday, December 21st, NASDAQ reports. Stockholders of record on Tuesday, January 3rd will be given a dividend of 0.07 per share by the financial services provider on Tuesday, January 17th. This represents a $0.28 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Friday, December 30th.

HarborOne Bancorp has a payout ratio of 27.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect HarborOne Bancorp to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 26.7%.

HarborOne Bancorp Trading Down 1.3 %

HONE opened at $13.96 on Friday. The firm has a market cap of $686.69 million, a price-to-earnings ratio of 13.82 and a beta of 0.70. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.08. HarborOne Bancorp has a 12 month low of $12.82 and a 12 month high of $15.56. The stock has a fifty day moving average price of $14.34 and a 200-day moving average price of $14.13.

Analyst Ratings Changes

Several research analysts recently weighed in on HONE shares. StockNews.com started coverage on HarborOne Bancorp in a research note on Wednesday, October 12th. They set a "hold" rating on the stock. Piper Sandler upgraded HarborOne Bancorp from an "underweight" rating to a "neutral" rating in a research note on Wednesday, October 26th. Finally, Compass Point downgraded HarborOne Bancorp from a "buy" rating to a "neutral" rating and set a $14.00 target price on the stock. in a research note on Wednesday, October 19th.

Insider Buying and Selling at HarborOne Bancorp

In other HarborOne Bancorp news, Director Gordon Jezard sold 83,263 shares of the business's stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $15.25, for a total transaction of $1,269,760.75. Following the sale, the director now owns 40,118 shares in the company, valued at approximately $611,799.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 5.96% of the company's stock.

Institutional Trading of HarborOne Bancorp

Several large investors have recently added to or reduced their stakes in HONE. FMR LLC grew its stake in HarborOne Bancorp by 27.8% during the 2nd quarter. FMR LLC now owns 4,070 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 885 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of HarborOne Bancorp by 1,316.0% in the third quarter. Tower Research Capital LLC TRC now owns 8,567 shares of the financial services provider's stock worth $115,000 after buying an additional 7,962 shares during the last quarter. Prelude Capital Management LLC purchased a new stake in shares of HarborOne Bancorp in the second quarter worth about $163,000. Occudo Quantitative Strategies LP boosted its stake in shares of HarborOne Bancorp by 28.0% in the second quarter. Occudo Quantitative Strategies LP now owns 13,263 shares of the financial services provider's stock worth $183,000 after buying an additional 2,902 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of HarborOne Bancorp in the second quarter worth about $194,000. Hedge funds and other institutional investors own 54.96% of the company's stock.

About HarborOne Bancorp

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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 lending products comprise commercial real estate, commercial, residential mortgages, and consumer loans, including indirect automobile lease loans.

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