JPMorgan Chase & Co. Has $2.57 Million Position in HarborOne Bancorp, Inc. (NASDAQ:HONE)

JPMorgan Chase & Co. boosted its holdings in HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 78.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 216,837 shares of the financial services provider's stock after acquiring an additional 95,659 shares during the quarter. JPMorgan Chase & Co. owned 0.49% of HarborOne Bancorp worth $2,565,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HONE. US Bancorp DE boosted its holdings in HarborOne Bancorp by 1,306.7% during the fourth quarter. US Bancorp DE now owns 5,880 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 5,462 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of HarborOne Bancorp by 18.3% during the 4th quarter. Quantbot Technologies LP now owns 6,677 shares of the financial services provider's stock worth $79,000 after buying an additional 1,033 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in HarborOne Bancorp in the 4th quarter valued at $81,000. Y Intercept Hong Kong Ltd bought a new stake in HarborOne Bancorp in the fourth quarter valued at $176,000. Finally, Commonwealth Equity Services LLC raised its stake in HarborOne Bancorp by 31.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 16,678 shares of the financial services provider's stock worth $197,000 after acquiring an additional 3,993 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company's stock.

HarborOne Bancorp Stock Up 4.9 %

Shares of NASDAQ HONE opened at $9.71 on Wednesday. HarborOne Bancorp, Inc. has a 52-week low of $8.89 and a 52-week high of $14.00. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.12. The business has a fifty day moving average of $10.53 and a two-hundred day moving average of $11.76. The stock has a market cap of $431.72 million, a PE ratio of 14.71 and a beta of 0.61.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. As a group, equities research analysts expect that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Wednesday, April 9th. HarborOne Bancorp's payout ratio is currently 48.48%.

HarborOne Bancorp 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.

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