Credit Industriel ET Commercial Takes $3.88 Million Position in HarborOne Bancorp, Inc. $HONE

Credit Industriel ET Commercial acquired a new position in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 331,984 shares of the financial services provider’s stock, valued at approximately $3,878,000. Credit Industriel ET Commercial owned approximately 0.77% of HarborOne Bancorp as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in HONE. Millennium Management LLC lifted its stake in HarborOne Bancorp by 70.5% in the first quarter. Millennium Management LLC now owns 463,597 shares of the financial services provider’s stock worth $4,808,000 after acquiring an additional 191,719 shares during the last quarter. Nuveen LLC acquired a new stake in shares of HarborOne Bancorp in the 1st quarter valued at $1,484,000. Jane Street Group LLC lifted its position in shares of HarborOne Bancorp by 350.3% during the 1st quarter. Jane Street Group LLC now owns 106,075 shares of the financial services provider’s stock worth $1,100,000 after purchasing an additional 82,521 shares during the last quarter. New York Life Investment Management LLC purchased a new stake in shares of HarborOne Bancorp during the 2nd quarter worth $645,000. Finally, Strs Ohio acquired a new position in shares of HarborOne Bancorp during the first quarter worth $497,000. Institutional investors and hedge funds own 65.01% of the company’s stock.

Wall Street Analysts Forecast Growth

HONE has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of HarborOne Bancorp in a research note on Wednesday, October 8th. Piper Sandler increased their price objective on HarborOne Bancorp from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Finally, Wall Street Zen upgraded HarborOne Bancorp to a “hold” rating in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

HarborOne Bancorp Price Performance

Shares of NASDAQ:HONE opened at $12.10 on Friday. HarborOne Bancorp, Inc. has a 1-year low of $8.89 and a 1-year high of $14.29. The stock has a market cap of $522.22 million, a P/E ratio of 18.62 and a beta of 0.61. The firm has a fifty day moving average price of $13.21 and a 200 day moving average price of $12.23.

About HarborOne Bancorp

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.