Mechanics Bancorp (NASDAQ:MCHB) Plans $0.25 Quarterly Dividend

Mechanics Bancorp (NASDAQ:MCHB) announced a quarterly dividend on Wednesday, August 19th. Investors of record on Saturday, August 29th will be given a dividend of 0.25 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Friday, August 28th.

Mechanics Bancorp Stock Performance

Shares of MCHB opened at $16.70 on Thursday. The company’s 50 day moving average price is $16.09 and its 200 day moving average price is $15.30. Mechanics Bancorp has a 52 week low of $12.52 and a 52 week high of $17.38. The company has a market capitalization of $3.70 billion, a PE ratio of 13.58 and a beta of 1.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.78 and a current ratio of 0.78.

Hedge Funds Weigh In On Mechanics Bancorp

Institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers bought a new stake in shares of Mechanics Bancorp during the 3rd quarter worth about $355,000. JPMorgan Chase & Co. acquired a new position in Mechanics Bancorp during the third quarter valued at approximately $118,000. Vanguard Group Inc. bought a new position in shares of Mechanics Bancorp in the third quarter valued at approximately $13,128,000. Victory Capital Management Inc. acquired a new stake in shares of Mechanics Bancorp in the third quarter worth $322,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Mechanics Bancorp during the 3rd quarter worth $9,557,000. 74.71% of the stock is currently owned by institutional investors.

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.