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HarborOne Bancorp Faces Legal Challenges in Merger

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HarborOne Bancorp Faces Legal Challenges in Merger

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HarborOne Bancorp ( (HONE) ) has issued an update.

On April 24, 2025, HarborOne Bancorp, Inc. announced a merger agreement with Eastern Bankshares, Inc., where Eastern will acquire HarborOne and its subsidiary, HarborOne Bank. The merger has faced legal challenges, with shareholders alleging insufficient disclosures in the proxy statement, leading to lawsuits and demand letters. HarborOne and Eastern have denied these allegations but have issued supplemental disclosures to address the claims and avoid delays in the merger process. The outcome of these legal proceedings remains uncertain, but the companies are committed to proceeding with the merger as planned.

The most recent analyst rating on (HONE) stock is a Hold with a $13.00 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.

HarborOne Bancorp shows stable financial performance with solid leverage and profitability, though revenue growth is stagnant. The merger with Eastern Bankshares boosts its market position, contributing positively to the outlook. Technical indicators and valuation suggest neutral to slightly positive investor sentiment.

To see Spark’s full report on HONE stock, click here.

More about HarborOne Bancorp

HarborOne Bancorp, Inc. operates in the banking industry, providing financial services through its wholly owned subsidiary, HarborOne Bank. The company focuses on delivering banking solutions to its clients, with a market presence that is now subject to a merger agreement with Eastern Bankshares, Inc.

Average Trading Volume: 319,340

Technical Sentiment Signal: Strong Buy

Current Market Cap: $507M

For an in-depth examination of HONE stock, go to TipRanks’ Overview page.

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