M3F Inc. boosted its holdings in HarborOne Bancorp Inc (NASDAQ:HONE) by 7.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 229,878 shares of the financial services provider’s stock after purchasing an additional 15,369 shares during the quarter. HarborOne Bancorp accounts for approximately 4.2% of M3F Inc.’s investment portfolio, making the stock its 8th largest holding. M3F Inc.’s holdings in HarborOne Bancorp were worth $4,395,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of HONE. Metropolitan Life Insurance Co. NY acquired a new stake in HarborOne Bancorp in the second quarter valued at approximately $100,000. Flagship Harbor Advisors LLC acquired a new stake in HarborOne Bancorp in the second quarter valued at approximately $140,000. MetLife Investment Advisors LLC acquired a new stake in HarborOne Bancorp in the second quarter valued at approximately $142,000. Citadel Advisors LLC acquired a new stake in HarborOne Bancorp in the second quarter valued at approximately $454,000. Finally, Raymond James & Associates grew its position in HarborOne Bancorp by 19.8% in the second quarter. Raymond James & Associates now owns 30,364 shares of the financial services provider’s stock valued at $575,000 after acquiring an additional 5,027 shares in the last quarter. Hedge funds and other institutional investors own 19.26% of the company’s stock.

A number of research firms have recently weighed in on HONE. BidaskClub downgraded shares of HarborOne Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 7th. ValuEngine downgraded shares of HarborOne Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. TheStreet downgraded shares of HarborOne Bancorp from a “b-” rating to a “c” rating in a research report on Wednesday, August 1st. Finally, Sandler O’Neill downgraded shares of HarborOne Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $19.50.

HONE stock opened at $17.83 on Tuesday. HarborOne Bancorp Inc has a twelve month low of $17.25 and a twelve month high of $20.01. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.11 and a quick ratio of 1.04. The company has a market cap of $585.56 million, a PE ratio of 39.93 and a beta of 0.42.

HarborOne Bancorp (NASDAQ:HONE) last released its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.09. HarborOne Bancorp had a net margin of 8.35% and a return on equity of 4.04%. The business had revenue of $34.76 million during the quarter.

In other HarborOne Bancorp news, VP Christopher K. Gibbons sold 3,418 shares of HarborOne Bancorp stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $19.60, for a total value of $66,992.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David E. Tryder sold 3,400 shares of HarborOne Bancorp stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $19.68, for a total transaction of $66,912.00. The disclosure for this sale can be found here. Insiders own 2.93% of the company’s stock.

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HarborOne Bancorp Company 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.

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Want to see what other hedge funds are holding HONE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HarborOne Bancorp Inc (NASDAQ:HONE).

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

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