HarborOne Bancorp Inc (HONE) VP Christopher K. Gibbons Sells 3,418 Shares

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HarborOne Bancorp Inc (NASDAQ:HONE) VP Christopher K. Gibbons sold 3,418 shares of the business’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $19.60, for a total value of $66,992.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of HONE traded down $0.08 during trading hours on Thursday, hitting $19.67. The company had a trading volume of 21,100 shares, compared to its average volume of 53,962. HarborOne Bancorp Inc has a one year low of $15.92 and a one year high of $20.19. The firm has a market cap of $642.99 million, a price-to-earnings ratio of 56.31 and a beta of 0.18. The company has a current ratio of 1.10, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.

HarborOne Bancorp (NASDAQ:HONE) last announced its earnings results on Friday, July 20th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. HarborOne Bancorp had a return on equity of 3.18% and a net margin of 6.49%. The company had revenue of $33.45 million for the quarter.

A number of large investors have recently made changes to their positions in HONE. BlackRock Inc. increased its position in HarborOne Bancorp by 19.7% during the 2nd quarter. BlackRock Inc. now owns 836,492 shares of the financial services provider’s stock valued at $15,844,000 after buying an additional 137,473 shares in the last quarter. M3F Inc. increased its position in HarborOne Bancorp by 114.1% during the 1st quarter. M3F Inc. now owns 213,909 shares of the financial services provider’s stock valued at $3,778,000 after buying an additional 113,975 shares in the last quarter. Dimensional Fund Advisors LP increased its position in HarborOne Bancorp by 86.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 228,912 shares of the financial services provider’s stock valued at $4,336,000 after buying an additional 106,234 shares in the last quarter. Maltese Capital Management LLC increased its position in HarborOne Bancorp by 519.3% during the 2nd quarter. Maltese Capital Management LLC now owns 80,000 shares of the financial services provider’s stock valued at $1,515,000 after buying an additional 67,082 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in HarborOne Bancorp by 67.2% during the 2nd quarter. Renaissance Technologies LLC now owns 126,600 shares of the financial services provider’s stock valued at $2,398,000 after buying an additional 50,900 shares in the last quarter. 19.26% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on HONE shares. TheStreet raised HarborOne Bancorp from a “c” rating to a “b-” rating in a research report on Friday, June 29th. Sandler O’Neill lowered HarborOne Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. BidaskClub lowered HarborOne Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, July 28th. Finally, ValuEngine lowered HarborOne Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $19.50.

HarborOne Bancorp Company Profile

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.

Read More: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

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