Mechanics Bank (OTC:MCHB) Stock Price Up 4.8% – What’s Next?

Mechanics Bank (OTC:MCHB)’s share price rose 4.8% on Wednesday . The company traded as high as $15.00 and last traded at $14.95. Approximately 575,492 shares traded hands during trading, an increase of 37% from the average daily volume of 420,446 shares. The stock had previously closed at $14.27.

Mechanics Bank Stock Performance

The firm has a market cap of $3.31 billion, a P/E ratio of -2.21 and a beta of 1.55. The business’s 50-day simple moving average is $14.48 and its 200 day simple moving average is $11,925.55.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Burns Matteson Capital Management LLC purchased a new position in Mechanics Bank in the third quarter worth about $200,000. Farther Finance Advisors LLC purchased a new stake in shares of Mechanics Bank during the 3rd quarter valued at about $395,000. Finally, JCSD Capital LLC lifted its stake in shares of Mechanics Bank by 292.8% in the 3rd quarter. JCSD Capital LLC now owns 63,051 shares of the company’s stock worth $839,000 after purchasing an additional 47,000 shares during the period. Institutional investors own 74.71% of the company’s stock.

About Mechanics Bank

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.