Mechanics Bancorp (NASDAQ:MCHB) Announces $0.40 Dividend

Key Points

• Mechanics Bancorp (NASDAQ:MCHB) declared a $0.40 per share dividend; shareholders of record on March 9 will be paid on March 19 and the ex-dividend date is March 9.
• Shares opened at $14.80 and were down about 0.9% on the announcement, with a 12‑month range of $8.41 to $16.02 and a fifty‑day moving average of $14.95.
• The company has a market cap of $3.27 billion, a P/E ratio of 46.25 and a beta of 1.55, signaling relatively high valuation and volatility.

Mechanics Bancorp (NASDAQ:MCHB - ) declared a dividend on Friday, February 27th, NASDAQ Dividends reports. Shareholders of record on Monday, March 9th will be paid a dividend of 0.40 per share on Thursday, March 19th. The ex-dividend date is Monday, March 9th.

Mechanics Bancorp Stock Down 0.9%

MCHB stock opened at $14.80 on Friday. Mechanics Bancorp has a twelve month low of $8.41 and a twelve month high of $16.02. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $3.27 billion, a P/E ratio of 46.25 and a beta of 1.55. The company has a fifty day moving average of $14.95.

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.

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