Mechanics Bank (OTC:MCHB) Trading Up 4.1% – Still a Buy?

Mechanics Bank (OTC:MCHB)’s share price traded up 4.1% on Monday . The stock traded as high as $14.92 and last traded at $14.85. 476,699 shares were traded during trading, an increase of 19% from the average session volume of 400,787 shares. The stock had previously closed at $14.26.

Mechanics Bank Stock Up 0.9%

The stock has a fifty day moving average price of $14.93 and a two-hundred day moving average price of $3,252.50. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 47.78 and a beta of 1.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MCHB. Burns Matteson Capital Management LLC acquired a new stake in shares of Mechanics Bank during the 3rd quarter worth about $200,000. Farther Finance Advisors LLC purchased a new position in shares of Mechanics Bank during the third quarter valued at approximately $395,000. Finally, JCSD Capital LLC boosted its position in Mechanics Bank by 292.8% during the third quarter. JCSD Capital LLC now owns 63,051 shares of the company’s stock worth $839,000 after acquiring an additional 47,000 shares during the last quarter. 74.71% of the stock is currently owned by hedge funds and other institutional investors.

Mechanics Bank Company Profile

Mechanics Bank provides various financial services for individuals, families, small businesses, municipalities, and non-profits in communities in Greater San Francisco, Sacramento, Los Angeles, and San Diego areas and throughout the Central Valley in California. The company offers checking and savings accounts. It also provides home and auto loans; term loans and lines of credit, multi-family lending, commercial real estate loans, owner-occupied real estate loans, equipment financing, and trade services and letters of credit; and small business administration loans.