Mechanics Bancorp (MCHB) To Go Ex-Dividend on August 28th

Mechanics Bancorp (NASDAQ:MCHB) declared a quarterly dividend on Wednesday, August 19th. Stockholders of record on Saturday, August 29th will be given a dividend of 0.25 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Friday, August 28th.

Mechanics Bancorp Price Performance

Mechanics Bancorp stock opened at $16.09 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.78 and a quick ratio of 0.78. The business has a 50 day simple moving average of $16.17 and a 200-day simple moving average of $15.32. Mechanics Bancorp has a 12 month low of $12.52 and a 12 month high of $17.38. The stock has a market capitalization of $3.56 billion, a PE ratio of 13.08 and a beta of 1.41.

Institutional Investors Weigh In On Mechanics Bancorp

Several institutional investors have recently modified their holdings of MCHB. Sculptor Capital LP acquired a new stake in Mechanics Bancorp in the 1st quarter valued at about $7,563,000. Mendon Capital Advisors Corp acquired a new stake in shares of Mechanics Bancorp in the first quarter valued at approximately $5,127,000. Waverly Advisors LLC purchased a new position in shares of Mechanics Bancorp during the 1st quarter worth approximately $1,302,000. Pinnacle Holdings LLC purchased a new position in shares of Mechanics Bancorp during the 2nd quarter worth approximately $4,028,000. Finally, Precision Wealth Strategies LLC purchased a new stake in Mechanics Bancorp in the 4th quarter valued at approximately $659,000. Hedge funds and other institutional investors own 74.71% of the company’s stock.

About Mechanics Bancorp

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services primarily in the Western United States. The company offers personal and business checking, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit; credit cards; insurance; and treasury management products and services. Its loan products include commercial business and agriculture loans, single family residential mortgages, consumer loans, commercial loans secured by residential and commercial real estate, and construction loans for residential and commercial real estate development, as well as consumer installment loans and permanent loans on commercial real estate and single-family residences.