Genesis Wealth Advisors LLC Takes Position in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Genesis Wealth Advisors LLC acquired a new stake in HarborOne Bancorp, Inc. (NASDAQ:HONE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,107 shares of the financial services provider’s stock, valued at approximately $356,000. Genesis Wealth Advisors LLC owned 0.07% of HarborOne Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of HONE. Eastern Bank acquired a new stake in HarborOne Bancorp during the third quarter worth about $31,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in HarborOne Bancorp by 164.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,217 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 2,624 shares during the period. Quantbot Technologies LP acquired a new stake in HarborOne Bancorp during the third quarter worth about $73,000. Quest Partners LLC acquired a new stake in HarborOne Bancorp during the third quarter worth about $158,000. Finally, Creative Planning grew its holdings in HarborOne Bancorp by 27.8% during the third quarter. Creative Planning now owns 13,309 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 2,898 shares during the period. 65.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised HarborOne Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd.

HarborOne Bancorp Stock Down 3.0 %

Shares of HONE opened at $11.46 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92. HarborOne Bancorp, Inc. has a 12 month low of $9.15 and a 12 month high of $14.00. The stock’s 50 day moving average is $11.93 and its two-hundred day moving average is $12.45. The firm has a market cap of $504.84 million, a P/E ratio of 17.36 and a beta of 0.75.

HarborOne Bancorp (NASDAQ:HONE) last issued its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. HarborOne Bancorp had a return on equity of 4.63% and a net margin of 8.61%. Analysts predict that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a $0.08 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.32 annualized dividend and a dividend yield of 2.79%. HarborOne Bancorp’s dividend payout ratio (DPR) is presently 48.48%.

HarborOne Bancorp Company Profile

HarborOne Bancorp, Inc operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and mid-size businesses, and municipalities. The company operates in two segments, HarborOne Bank and HarborOne Mortgage. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and primary lending products comprise commercial real estate, commercial, residential mortgages, home equity, and consumer loans.