HarborOne Bancorp (HONE) Downgraded by BidaskClub to Strong Sell

BidaskClub cut shares of HarborOne Bancorp (NASDAQ:HONE) from a sell rating to a strong sell rating in a research report sent to investors on Wednesday.

Shares of HarborOne Bancorp (NASDAQ HONE) opened at $18.86 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.78. The stock has a market cap of $615.72, a P/E ratio of 50.97 and a beta of -0.22. HarborOne Bancorp has a 12-month low of $15.92 and a 12-month high of $22.29.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of HarborOne Bancorp by 1.5% in the second quarter. Vanguard Group Inc. now owns 857,499 shares of the financial services provider’s stock worth $17,115,000 after purchasing an additional 12,691 shares during the period. Royce & Associates LP boosted its position in shares of HarborOne Bancorp by 24.1% in the third quarter. Royce & Associates LP now owns 279,200 shares of the financial services provider’s stock worth $5,252,000 after purchasing an additional 54,200 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of HarborOne Bancorp by 163.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 105,803 shares of the financial services provider’s stock worth $1,991,000 after purchasing an additional 65,703 shares during the period. Bank of New York Mellon Corp boosted its position in shares of HarborOne Bancorp by 7.0% in the third quarter. Bank of New York Mellon Corp now owns 65,634 shares of the financial services provider’s stock worth $1,235,000 after purchasing an additional 4,269 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of HarborOne Bancorp by 9.9% in the fourth quarter. Victory Capital Management Inc. now owns 59,445 shares of the financial services provider’s stock worth $1,139,000 after purchasing an additional 5,345 shares during the period. Institutional investors own 16.73% of the company’s stock.

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HarborOne Bancorp Company Profile

HarborOne Bancorp, Inc is a mid-tier stock holding company. The Company’s principal subsidiary is HarborOne Bank (the Bank), a state chartered co-operative bank whose primary subsidiary is a residential mortgage company, Merrimack Mortgage Company, LLC (Merrimack Mortgage). The Company operates through two segments: HarborOne Bank and Merrimack Mortgage.

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