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

JPMorgan Chase & Co. boosted its holdings in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE - Free Report) by 78.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 approximately 0.49% of HarborOne Bancorp worth $2,565,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE raised its position 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 acquiring an additional 5,462 shares in the last quarter. Quantbot Technologies LP raised its position in HarborOne Bancorp by 18.3% during the fourth quarter. Quantbot Technologies LP now owns 6,677 shares of the financial services provider's stock valued at $79,000 after acquiring an additional 1,033 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in HarborOne Bancorp during the fourth quarter valued at approximately $81,000. Y Intercept Hong Kong Ltd bought a new position in HarborOne Bancorp during the fourth quarter valued at approximately $176,000. Finally, Commonwealth Equity Services LLC raised its position 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 valued at $197,000 after acquiring an additional 3,993 shares in the last quarter. Institutional investors own 65.01% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Seaport Res Ptn raised shares of HarborOne Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Friday.

HarborOne Bancorp Stock Performance

Shares of NASDAQ:HONE traded up $0.01 during trading on Monday, reaching $11.31. The stock had a trading volume of 817,984 shares, compared to its average volume of 182,445. HarborOne Bancorp, Inc. has a 52 week low of $8.89 and a 52 week high of $14.00. The firm has a market capitalization of $502.85 million, a price-to-earnings ratio of 17.14 and a beta of 0.61. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.92. The stock has a fifty day simple moving average of $10.42 and a two-hundred day simple moving average of $11.70.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.03). HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. The firm had revenue of $41.36 million during the quarter, compared to the consensus estimate of $36.01 million. As a group, analysts anticipate that HarborOne Bancorp, Inc. will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Wednesday, April 9th. HarborOne Bancorp's dividend payout ratio is 50.79%.

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.