Mechanics Bancorp (NASDAQ:MCHB) Increases Dividend to $0.70 Per Share

Mechanics Bancorp (NASDAQ:MCHB) declared a quarterly dividend on Wednesday, May 13th. Stockholders of record on Saturday, May 23rd will be given a dividend of 0.70 per share on Thursday, May 28th. This represents a c) annualized dividend and a dividend yield of 19.6%. The ex-dividend date of this dividend is Friday, May 22nd. This is a 75.0% increase from Mechanics Bancorp’s previous quarterly dividend of $0.40.

Mechanics Bancorp Stock Down 1.6%

MCHB stock opened at $14.26 on Thursday. Mechanics Bancorp has a 1-year low of $11.81 and a 1-year high of $16.03. The business has a fifty day moving average price of $14.81 and a 200-day moving average price of $14.62. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.80 and a quick ratio of 0.81. The stock has a market capitalization of $3.16 billion, a P/E ratio of 19.01 and a beta of 1.42.

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. 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.