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The latest announcement is out from Eastern Bankshares ( (EBC) ).
On August 20, 2025, HarborOne Bancorp, Inc. shareholders approved a merger with Eastern Bankshares, Inc., which will result in HarborOne merging into Eastern, with Eastern as the surviving entity. This merger is expected to close in the fourth quarter of 2025, and it includes a subsequent merger of HarborOne Bank into Eastern Bank. The merger aims to benefit customers and employees, with the conversion of HarborOne’s information systems to Eastern’s scheduled for February 2026. Shareholders of HarborOne will have the option to receive Eastern common stock, cash, or a combination of both, subject to proration. Eastern anticipates all regulatory approvals will be obtained by October 31, 2025, allowing the merger to become effective on November 1, 2025.
The most recent analyst rating on (EBC) stock is a Hold with a $16.00 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 is driven by financial stability and strong earnings call highlights. However, profitability challenges and a negative P/E ratio weigh on the valuation. Technical indicators suggest caution, but corporate events provide a positive outlook.
To see Spark’s full report on EBC stock, click here.
More about Eastern Bankshares
Average Trading Volume: 1,542,023
Technical Sentiment Signal: Buy
Current Market Cap: $3.36B
Find detailed analytics on EBC stock on TipRanks’ Stock Analysis page.