HarborOne Bancorp (HONE) Downgraded by BidaskClub

HarborOne Bancorp (NASDAQ:HONE) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.

HarborOne Bancorp (HONE) opened at $19.11 on Thursday. HarborOne Bancorp has a 52 week low of $15.92 and a 52 week high of $22.29. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $624.18 and a P/E ratio of 51.65.

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake 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 valued at $17,115,000 after buying an additional 12,691 shares during the period. Royce & Associates LP increased its stake 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 valued at $5,252,000 after buying an additional 54,200 shares during the period. New York State Common Retirement Fund acquired a new position in shares of HarborOne Bancorp in the second quarter valued at approximately $281,000. Schwab Charles Investment Management Inc. increased its stake in shares of HarborOne Bancorp by 59.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 40,100 shares of the financial services provider’s stock valued at $801,000 after buying an additional 15,000 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in shares of HarborOne Bancorp by 73.4% in the second quarter. TIAA CREF Investment Management LLC now owns 37,819 shares of the financial services provider’s stock valued at $755,000 after buying an additional 16,014 shares during the period. 16.73% of the stock is owned by institutional investors.

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About HarborOne Bancorp

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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