New activity is brewing for HarborOne Bancorp ( (HONE) ). The company has submitted a Form DEFM14A to the SEC, indicating an upcoming shareholder vote. This form gives shareholders all the information they need to develop an informed vote. Read on to learn more about the proposed company action.
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On April 24, 2025, HarborOne Bancorp, Inc. entered into a merger agreement with Eastern Bankshares, Inc., under which HarborOne will merge into Eastern, creating a combined entity with approximately $30.5 billion in total assets. This merger will enhance Eastern’s position as the largest Boston-based community bank by deposits. HarborOne shareholders will have the option to receive either Eastern common stock or cash for their shares, with the merger expected to result in former HarborOne shareholders owning approximately 10.6% of Eastern’s common stock. A special meeting for HarborOne shareholders to vote on the merger is scheduled for August 20, 2025.
The most recent analyst rating on (HONE) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on HarborOne Bancorp stock, see the HONE Stock Forecast page.
Spark’s Take on HONE Stock
According to Spark, TipRanks’ AI Analyst, HONE is a Neutral.
The overall score of 69 for HarborOne Bancorp reflects a stable financial position with strategic opportunities for growth. The most significant factors are the strong balance sheet and the positive strategic direction signaled by the merger with Eastern Bankshares. Technical analysis and valuation show moderate performance, while the lack of earnings call data limits insights into management’s outlook.
To see Spark’s full report on HONE stock, click here.
More about HarborOne Bancorp
HarborOne Bancorp, Inc. operates in the financial services industry, primarily offering banking services through its subsidiary, HarborOne Bank, which is a Massachusetts-chartered trust company.
Average Trading Volume: 391,642
Technical Sentiment Signal: Buy
Current Market Cap: $490.4M
For an in-depth examination of HONE stock, go to TipRanks’ Overview page.