Polymer Capital Management US LLC Makes New $210,000 Investment in HarborOne Bancorp, Inc. (NASDAQ:HONE)

Polymer Capital Management US LLC acquired a new stake in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 17,790 shares of the financial services provider’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of HarborOne Bancorp by 78.9% in the fourth 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 during the period. Vanguard Group Inc. boosted its holdings in 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 buying an additional 75,328 shares during the period. Barclays PLC increased its stake in HarborOne Bancorp by 40.7% in the 3rd quarter. Barclays PLC now owns 107,289 shares of the financial services provider’s stock worth $1,392,000 after buying an additional 31,045 shares in the last quarter. Genesis Wealth Advisors LLC bought a new stake in HarborOne Bancorp during the fourth quarter valued at about $356,000. Finally, Jane Street Group LLC lifted its position in shares of HarborOne Bancorp by 76.6% in the third quarter. Jane Street Group LLC now owns 67,031 shares of the financial services provider’s stock valued at $870,000 after acquiring an additional 29,066 shares in the last quarter. 65.01% of the stock is owned by hedge funds and other institutional investors.

HarborOne Bancorp Stock Performance

NASDAQ:HONE opened at $9.32 on Wednesday. The stock has a 50-day moving average price of $11.07 and a 200 day moving average price of $11.99. The stock has a market capitalization of $414.38 million, a P/E ratio of 14.12 and a beta of 0.61. HarborOne Bancorp, Inc. has a 12-month low of $9.13 and a 12-month high of $14.00. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. Equities research analysts forecast that HarborOne Bancorp, Inc. will post 0.83 EPS for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Wednesday, April 9th. HarborOne Bancorp’s dividend payout ratio (DPR) is presently 48.48%.

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.