Eastern Bankshares, Inc. and HarborOne Bancorp, Inc. Reveal Distribution of Stock/Cash Election Forms
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Merger 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 upon the completion of their merger.
Merger Details: The merger, which includes the Holdco Merger and Bank Merger, is expected to be effective on November 1, 2025, pending regulatory approvals and shareholder consent, with a deadline for shareholder elections set for October 28, 2025.
Analyst Views on EBC
Wall Street analysts forecast EBC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EBC is 21.67 USD with a low forecast of 20.00 USD and a high forecast of 23.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 19.560
Low
20.00
Averages
21.67
High
23.00
Current: 19.560
Low
20.00
Averages
21.67
High
23.00
About EBC
Eastern Bankshares, Inc. is the holding company for Eastern Bank (The Bank). Eastern Bank is a local bank with approximately 109 branch locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. The Company provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management division. Its diversified products and services include lending, deposit, and wealth management. offer a range of demand deposit accounts, interest checking accounts, money market accounts, savings accounts and time certificates of deposit accounts. Its lending focuses on the various loan categories: commercial and industrial, including its asset-based lending portfolio, commercial real estate, commercial construction, small business banking, residential real estate and home equity loans.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
