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An announcement from Eastern Bankshares ( (EBC) ) is now available.
Eastern Bankshares, Inc. and HarborOne Bancorp, Inc. announced a merger agreement on April 24, 2025, where Eastern will acquire HarborOne. The merger is expected to be effective on November 1, 2025, with HarborOne’s stock being delisted from NASDAQ following the close of trading on October 31, 2025. Shareholders of HarborOne have until October 28, 2025, to elect their preferred form of merger consideration. This merger is anticipated to impact the operations and market positioning of both companies, with potential implications for stakeholders, including changes in stock and cash considerations.
The most recent analyst rating on (EBC) stock is a Buy with a $20.00 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, operating in the banking industry. It focuses on providing a range of financial services, including personal and business banking, wealth management, and insurance services.
Average Trading Volume: 2,056,533
Technical Sentiment Signal: Buy
Current Market Cap: $3.97B
For a thorough assessment of EBC stock, go to TipRanks’ Stock Analysis page.