Mechanics Bancorp (NASDAQ:MCHB) Announces $0.21 Dividend

Mechanics Bancorp (NASDAQ:MCHB) declared a dividend on Wednesday, November 26th, NASDAQ Dividends reports. Stockholders of record on Monday, December 8th will be given a dividend of 0.21 per share on Monday, December 15th. The ex-dividend date of this dividend is Monday, December 8th.

Mechanics Bancorp Price Performance

MCHB opened at $15.30 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.82 and a current ratio of 0.82. Mechanics Bancorp has a 1 year low of $8.41 and a 1 year high of $15.90. The company has a market capitalization of $3.38 billion, a P/E ratio of -2.26 and a beta of 1.54.

Institutional Trading of Mechanics Bancorp

Institutional investors have recently added to or reduced their stakes in the business. Comerica Bank acquired a new position in shares of Mechanics Bancorp during the third quarter worth about $34,000. AlphaQuest LLC purchased a new stake in shares of Mechanics Bancorp during the 3rd quarter valued at about $45,000. BNP Paribas Financial Markets purchased a new stake in shares of Mechanics Bancorp during the 3rd quarter valued at about $48,000. Nisa Investment Advisors LLC acquired a new position in Mechanics Bancorp during the 3rd quarter worth approximately $57,000. Finally, Covestor Ltd purchased a new position in Mechanics Bancorp in the 3rd quarter worth approximately $60,000. 74.71% of the stock is owned by hedge funds and other 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.