Mechanics Bancorp (NASDAQ:MCHB) Plans $0.21 Dividend

Mechanics Bancorp (NASDAQ:MCHB) announced a dividend on Wednesday, November 26th, NASDAQ Dividends reports. Investors 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 Trading Up 0.9%

MCHB opened at $15.30 on Friday. Mechanics Bancorp has a twelve month low of $8.41 and a twelve month high of $15.90. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of -2.26 and a beta of 1.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.82 and a current ratio of 0.82.

Analyst Upgrades and Downgrades

Several research firms recently commented on MCHB. Weiss Ratings reiterated a “hold (c+)” rating on shares of Mechanics Bancorp in a research note on Tuesday, November 25th. Wall Street Zen lowered Mechanics Bancorp from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. Finally, Keefe, Bruyette & Woods increased their price target on Mechanics Bancorp from $14.00 to $14.50 and gave the stock a “market perform” rating in a research note on Monday, October 20th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Mechanics Bancorp currently has an average rating of “Hold” and a consensus target price of $14.50.

Mechanics Bancorp Company Profile

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.