Wells Fargo & Company MN Has $414,000 Holdings in HarborOne Bancorp (HONE)

Wells Fargo & Company MN raised its position in shares of HarborOne Bancorp (NASDAQ:HONE) by 27.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,627 shares of the financial services provider’s stock after buying an additional 4,697 shares during the quarter. Wells Fargo & Company MN owned about 0.07% of HarborOne Bancorp worth $414,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP purchased a new stake in shares of HarborOne Bancorp during the third quarter valued at about $349,000. Victory Capital Management Inc. lifted its position in shares of HarborOne Bancorp by 9.9% during the fourth quarter. Victory Capital Management Inc. now owns 59,445 shares of the financial services provider’s stock valued at $1,139,000 after buying an additional 5,345 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of HarborOne Bancorp by 7.0% during the third quarter. Bank of New York Mellon Corp now owns 65,634 shares of the financial services provider’s stock valued at $1,235,000 after buying an additional 4,269 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of HarborOne Bancorp by 163.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 105,803 shares of the financial services provider’s stock valued at $1,991,000 after buying an additional 65,703 shares during the last quarter. 17.78% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on the stock. BidaskClub raised shares of HarborOne Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Sandler O’Neill raised shares of HarborOne Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Monday, March 19th. Finally, Compass Point lowered shares of HarborOne Bancorp from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research report on Thursday, March 15th.

HONE stock opened at $17.79 on Friday. The stock has a market cap of $578.07, a price-to-earnings ratio of 50.63 and a beta of 0.18. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.72. HarborOne Bancorp has a one year low of $15.92 and a one year high of $22.29.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings data on Thursday, April 19th. The financial services provider reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The company had revenue of $31.47 million during the quarter. HarborOne Bancorp had a net margin of 6.68% and a return on equity of 3.25%.

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.

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

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