M3F Inc. Trims Stake in HarborOne Bancorp Inc (NASDAQ:HONE)

M3F Inc. trimmed its holdings in shares of HarborOne Bancorp Inc (NASDAQ:HONE) by 9.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,190 shares of the financial services provider’s stock after selling 21,688 shares during the period. HarborOne Bancorp accounts for approximately 3.1% of M3F Inc.’s holdings, making the stock its 10th largest holding. M3F Inc. owned approximately 0.64% of HarborOne Bancorp worth $3,308,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HONE. Metropolitan Life Insurance Co. NY bought a new position in shares of HarborOne Bancorp in the 2nd quarter worth $100,000. MetLife Investment Advisors LLC bought a new position in shares of HarborOne Bancorp in the 2nd quarter worth $142,000. Flagship Harbor Advisors LLC boosted its position in shares of HarborOne Bancorp by 130.2% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 17,035 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 9,635 shares during the last quarter. Raymond James & Associates boosted its position in shares of HarborOne Bancorp by 19.8% in the 2nd quarter. Raymond James & Associates now owns 30,364 shares of the financial services provider’s stock worth $575,000 after purchasing an additional 5,027 shares during the last quarter. Finally, Millennium Management LLC bought a new position in shares of HarborOne Bancorp in the 2nd quarter worth $612,000. 19.12% of the stock is owned by hedge funds and other institutional investors.

HONE has been the topic of several recent research reports. ValuEngine lowered HarborOne Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. BidaskClub downgraded HarborOne Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 10th. Finally, Sandler O’Neill raised HarborOne Bancorp from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Thursday, December 20th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.00.

Shares of HarborOne Bancorp stock opened at $15.88 on Thursday. The firm has a market cap of $499.54 million, a P/E ratio of 34.07 and a beta of 0.45. HarborOne Bancorp Inc has a 12 month low of $14.90 and a 12 month high of $20.01. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.04 and a current ratio of 1.11.

HarborOne Bancorp (NASDAQ:HONE) last issued its quarterly earnings data on Friday, January 25th. The financial services provider reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.05). HarborOne Bancorp had a return on equity of 4.09% and a net margin of 6.91%. The business had revenue of $38.44 million for the quarter.

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

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