88,267 Shares in Mechanics Bancorp $MCHB Purchased by Waverly Advisors LLC

Posted by Stanley Muller on Aug 1st, 2026

Waverly Advisors LLC acquired a new position in shares of Mechanics Bancorp (NASDAQ:MCHB – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 88,267 shares of the company’s stock, valued at approximately $1,302,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mendon Capital Advisors Corp acquired a new position in shares of Mechanics Bancorp in the 3rd quarter valued at about $14,043,000. Vanguard Group Inc. purchased a new stake in shares of Mechanics Bancorp in the third quarter worth approximately $13,128,000. Geode Capital Management LLC lifted its position in shares of Mechanics Bancorp by 167.3% in the fourth quarter. Geode Capital Management LLC now owns 1,368,368 shares of the company’s stock worth $20,024,000 after purchasing an additional 856,476 shares in the last quarter. CenterBook Partners LP boosted its holdings in shares of Mechanics Bancorp by 688.1% during the fourth quarter. CenterBook Partners LP now owns 850,570 shares of the company’s stock worth $12,444,000 after purchasing an additional 742,641 shares during the period. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Mechanics Bancorp during the third quarter worth approximately $9,557,000. Hedge funds and other institutional investors own 74.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MCHB. Keefe, Bruyette & Woods dropped their price objective on shares of Mechanics Bancorp from $16.00 to $15.50 and set a “market perform” rating on the stock in a research note on Monday, May 4th. Cantor Fitzgerald started coverage on shares of Mechanics Bancorp in a research note on Friday, April 10th. They set an “overweight” rating and a $17.00 target price for the company. Zacks Research raised shares of Mechanics Bancorp to a “hold” rating in a research note on Monday, June 1st. Raymond James Financial started coverage on shares of Mechanics Bancorp in a report on Thursday, May 28th. They set an “outperform” rating and a $17.00 price target on the stock. Finally, Stifel Nicolaus set a $17.00 price target on shares of Mechanics Bancorp in a research note on Thursday, May 28th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.62.

View Our Latest Stock Report on MCHB

Mechanics Bancorp Stock Up 1.1%

Shares of Mechanics Bancorp stock opened at $16.79 on Friday. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 13.65 and a beta of 1.41. The stock has a 50-day simple moving average of $15.52 and a 200-day simple moving average of $15.10. Mechanics Bancorp has a 52-week low of $12.46 and a 52-week high of $16.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.80 and a quick ratio of 0.80.

Mechanics Bancorp (NASDAQ:MCHB – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $200.97 million for the quarter, compared to the consensus estimate of $198.30 million. Mechanics Bancorp had a return on equity of 10.69% and a net margin of 23.98%. On average, equities research analysts expect that Mechanics Bancorp will post 1.02 earnings per share for the current fiscal year.

Mechanics Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Saturday, May 23rd were given a $0.70 dividend. This is a positive change from Mechanics Bancorp’s previous quarterly dividend of $0.40. This represents a $2.80 annualized dividend and a yield of 16.7%. The ex-dividend date of this dividend was Friday, May 22nd. Mechanics Bancorp’s payout ratio is presently 227.64%.

Mechanics Bancorp Profile

(Free Report)

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.