MECHANICS BANCORP
In the published model solve dated 2026-Q2, anchored at $15.37, MECHANICS BANCORP (MCHB) is priced for 12.5% return on equity. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
Mechanics Bancorp is a newly enlarged California bank, formed when HomeStreet Bank merged into Mechanics Bank in September 2025. The story is integration and book-value normalization, not a clean run rate yet. Every valuation family supports the price. At $14.67 the stock sits near book value of $12.61 per share, with asset, earnings-power, peer-multiple, and growth frames all clustered around it. The near-term numbers are distorted by the merger. Q1 2026 net income of $44.1 million fell from
Is MCHB overvalued? See what's priced in →
126 institutional managers reported holding MCHB in 13F filings for the quarter ended 2026-03-31. Together they hold about 12% of the company; the top 10 hold 7%. 19 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 3.8M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
It pays a dividend, and has for 1 year running; the current rate is $0.65 a share annually. Cash returned over the past three years: $144.88M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at MCHB over the trailing three years: 2024: 4 buys totaling $129k. 26 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
MCHB's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | -0.4% | -33.9% |
| 2023-11-08 | +7.3% | +89.0% |
| 2024-03-07 | -3.0% | -31.3% |
| 2024-05-10 | -11.8% | +23.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
MCHB's latest 8-K filings: 2026-08-20 (items 8.01, 9.01); 2026-07-29 (items 2.02, 7.01, 9.01); 2026-06-01 (items 5.07); 2026-05-13 (items 8.01, 9.01); 2026-05-05 (items 8.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.