JPMorgan Chase & Co. Buys 47,857 Shares of HarborOne Bancorp, Inc. (NASDAQ:HONE)

JPMorgan Chase & Co. grew its stake in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 65.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 121,178 shares of the financial services provider's stock after acquiring an additional 47,857 shares during the quarter. JPMorgan Chase & Co. owned about 0.28% of HarborOne Bancorp worth $1,573,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in HarborOne Bancorp by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,461,705 shares of the financial services provider's stock valued at $27,398,000 after purchasing an additional 67,913 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of HarborOne Bancorp by 5.7% during the second quarter. Renaissance Technologies LLC now owns 387,241 shares of the financial services provider's stock valued at $4,310,000 after buying an additional 20,800 shares during the last quarter. American Century Companies Inc. increased its position in shares of HarborOne Bancorp by 2.2% during the second quarter. American Century Companies Inc. now owns 348,448 shares of the financial services provider's stock valued at $3,878,000 after acquiring an additional 7,412 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in HarborOne Bancorp by 0.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 199,702 shares of the financial services provider's stock worth $2,592,000 after acquiring an additional 1,285 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in HarborOne Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 117,790 shares of the financial services provider's stock valued at $1,529,000 after acquiring an additional 5,896 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company's stock.

HarborOne Bancorp Stock Performance

HarborOne Bancorp stock traded up $0.01 during trading on Friday, reaching $12.01. The company had a trading volume of 102,385 shares, compared to its average volume of 122,886. The firm has a market capitalization of $529.04 million, a price-to-earnings ratio of 42.89 and a beta of 0.76. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92. The firm's 50-day simple moving average is $12.35 and its 200 day simple moving average is $12.54. HarborOne Bancorp, Inc. has a 52 week low of $9.15 and a 52 week high of $14.00.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The company had revenue of $79.60 million during the quarter, compared to the consensus estimate of $43.37 million. HarborOne Bancorp had a return on equity of 3.82% and a net margin of 3.68%. Sell-side analysts forecast that HarborOne Bancorp, Inc. will post 0.62 earnings per share for the current fiscal year.

HarborOne Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Tuesday, December 31st. HarborOne Bancorp's payout ratio is 114.29%.

Wall Street Analyst Weigh In

A number of research firms have commented on HONE. Piper Sandler reduced their target price on HarborOne Bancorp from $15.00 to $13.00 and set a "neutral" rating for the company in a report on Friday, October 25th. StockNews.com raised HarborOne Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, November 2nd.

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.