Jump Financial LLC Buys Shares of 16,626 HarborOne Bancorp, Inc. (NASDAQ:HONE)

Jump Financial LLC bought a new stake in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) in the fourth quarter, HoldingsChannel.com reports. The firm bought 16,626 shares of the financial services provider’s stock, valued at approximately $197,000.

A number of other hedge funds have also added to or reduced their stakes in HONE. Vanguard Group Inc. increased its stake in shares of HarborOne Bancorp by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 2,247,931 shares of the financial services provider’s stock worth $26,593,000 after purchasing an additional 75,328 shares in the last quarter. American Century Companies Inc. increased its stake in shares of HarborOne Bancorp by 1.0% in the 4th quarter. American Century Companies Inc. now owns 356,944 shares of the financial services provider’s stock worth $4,223,000 after purchasing an additional 3,688 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of HarborOne Bancorp by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,407 shares of the financial services provider’s stock worth $3,779,000 after purchasing an additional 2,363 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of HarborOne Bancorp by 9.1% in the 4th quarter. Victory Capital Management Inc. now owns 286,072 shares of the financial services provider’s stock worth $3,384,000 after purchasing an additional 23,900 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of HarborOne Bancorp by 78.9% in the 4th quarter. JPMorgan Chase & Co. now owns 216,837 shares of the financial services provider’s stock worth $2,565,000 after purchasing an additional 95,659 shares in the last quarter. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Seaport Res Ptn upgraded HarborOne Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Friday.

HarborOne Bancorp Price Performance

Shares of HarborOne Bancorp stock opened at $11.31 on Tuesday. The company 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’s 50-day simple moving average is $10.42 and its 200-day simple moving average is $11.70. HarborOne Bancorp, Inc. has a 52 week low of $8.89 and a 52 week high of $14.00.

HarborOne Bancorp (NASDAQ:HONE) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.03). The business had revenue of $41.36 million for the quarter, compared to the consensus estimate of $36.01 million. HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. As a group, 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 was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Wednesday, April 9th. HarborOne Bancorp’s dividend payout ratio (DPR) is presently 50.79%.

HarborOne Bancorp Company 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.