BNP Paribas Arbitrage SA Raises Stock Position in HarborOne Bancorp Inc (NASDAQ:HONE)

BNP Paribas Arbitrage SA grew its stake in shares of HarborOne Bancorp Inc (NASDAQ:HONE) by 1,017.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,040 shares of the financial services provider’s stock after buying an additional 2,768 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in HarborOne Bancorp were worth $52,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in HarborOne Bancorp by 1.1% in the 4th quarter. Victory Capital Management Inc. now owns 64,390 shares of the financial services provider’s stock worth $1,023,000 after acquiring an additional 690 shares during the last quarter. Rhumbline Advisers raised its stake in HarborOne Bancorp by 48.3% during the 4th quarter. Rhumbline Advisers now owns 19,476 shares of the financial services provider’s stock valued at $309,000 after buying an additional 6,345 shares during the last quarter. Vanguard Group Inc. raised its stake in HarborOne Bancorp by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 929,689 shares of the financial services provider’s stock valued at $17,777,000 after buying an additional 8,397 shares during the last quarter. Ramsey Quantitative Systems raised its stake in HarborOne Bancorp by 417.1% during the 4th quarter. Ramsey Quantitative Systems now owns 2,968 shares of the financial services provider’s stock valued at $47,000 after buying an additional 2,394 shares during the last quarter. Finally, BlackRock Inc. raised its stake in HarborOne Bancorp by 1.7% during the 4th quarter. BlackRock Inc. now owns 862,718 shares of the financial services provider’s stock valued at $13,708,000 after buying an additional 14,702 shares during the last quarter. 19.76% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of HarborOne Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 11th. ValuEngine raised shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Finally, Compass Point raised shares of HarborOne Bancorp from a “sell” rating to a “neutral” rating in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $19.00.

In other HarborOne Bancorp news, Director Wallace H. Peckham III sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $18.69, for a total value of $74,760.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.25% of the stock is currently owned by company insiders.

Shares of NASDAQ HONE traded up $0.18 during mid-day trading on Monday, hitting $18.91. 93,300 shares of the company’s stock traded hands, compared to its average volume of 62,648. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.05 and a quick ratio of 1.04. The company has a market capitalization of $610.03 million, a P/E ratio of 41.62 and a beta of 0.57. The business has a 50-day moving average of $18.25. HarborOne Bancorp Inc has a 1 year low of $14.90 and a 1 year high of $19.95.

HarborOne Bancorp (NASDAQ:HONE) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.05). HarborOne Bancorp had a return on equity of 3.96% and a net margin of 6.38%. The company had revenue of $35.87 million during the quarter.

HarborOne Bancorp 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.

Further Reading: Risk Tolerance

Institutional Ownership by Quarter for HarborOne Bancorp (NASDAQ:HONE)

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