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Eastern Bankshares ( (EBC) ) has provided an announcement.
Eastern Bankshares, Inc. and HarborOne Bancorp, Inc. announced the distribution of election materials to HarborOne shareholders, allowing them to choose between receiving Eastern common stock, cash, or a combination of both as part of their merger agreement. The merger, approved by HarborOne shareholders on August 20, 2025, is expected to be completed by November 1, 2025, pending regulatory approvals, with the election deadline for shareholders set for October 28, 2025.
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, operating in the financial services industry, primarily offering banking products and services. HarborOne Bancorp, Inc. is the holding company for HarborOne Bank, also in the financial sector, focusing on banking services.
Average Trading Volume: 1,618,775
Technical Sentiment Signal: Strong Buy
Current Market Cap: $3.79B
For a thorough assessment of EBC stock, go to TipRanks’ Stock Analysis page.