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Eastern Bankshares ( (EBC) ) has issued an announcement.
On September 26, 2025, Eastern Bankshares, Inc. and HarborOne Bancorp, Inc. announced they received all necessary regulatory approvals for their merger, initially disclosed on April 24, 2025. The merger, expected to close on or about November 1, 2025, will create a $30 billion community-focused organization, enhancing Eastern’s presence in Greater Boston and expanding into Rhode Island. The merger aims to deliver enhanced value to stakeholders and ensure a smooth transition for customers, with full integration expected by February 2026.
The most recent analyst rating on (EBC) stock is a Hold with a $18.50 price target. To see the full list of analyst forecasts on Eastern Bankshares stock, see the EBC Stock Forecast page.
Spark’s Take on EBC Stock
According to Spark, TipRanks’ AI Analyst, EBC is a Neutral.
Eastern Bankshares’ overall score reflects a mixed financial performance with profitability challenges, offset by strong technical indicators and positive earnings call outcomes. The strategic merger and shareholder confidence add potential for future growth, but current valuation concerns and overbought technical signals suggest caution.
To see Spark’s full report on EBC stock, click here.
More about Eastern Bankshares
Eastern Bankshares, Inc. is the holding company for Eastern Bank, a leading local bank in Greater Boston with 109 branch locations across eastern Massachusetts, southern and coastal New Hampshire, Rhode Island, and Connecticut. It offers a full range of banking and wealth management solutions and is known for its community support and advocacy. HarborOne Bancorp, Inc. is the holding company for HarborOne Bank, which operates 30 full-service banking centers in Massachusetts and Rhode Island, and provides mortgage lending services through HarborOne Mortgage, LLC.
Average Trading Volume: 1,622,301
Technical Sentiment Signal: Strong Buy
Current Market Cap: $3.79B
For an in-depth examination of EBC stock, go to TipRanks’ Overview page.