Mortgage Advice Bureau (LON:MAB1) Issues Quarterly Earnings Results

Mortgage Advice Bureau (LON:MAB1) announced its quarterly earnings results on Tuesday. The company reported GBX 27.60 ($0.36) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Mortgage Advice Bureau had a return on equity of 15.33% and a net margin of 4.41%.

Mortgage Advice Bureau Trading Down 0.6 %

MAB1 stock opened at GBX 741.16 ($9.64) on Thursday. The stock has a 50-day moving average price of GBX 749.07 and a two-hundred day moving average price of GBX 694.64. The stock has a market cap of £429.55 million, a PE ratio of 39.52, a price-to-earnings-growth ratio of 0.81 and a beta of 1.14. Mortgage Advice Bureau has a 1 year low of GBX 528 ($6.87) and a 1 year high of GBX 984 ($12.80).

Mortgage Advice Bureau Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Investors of record on Thursday, April 24th will be given a GBX 14.80 ($0.19) dividend. This is a boost from Mortgage Advice Bureau’s previous dividend of $13.40. This represents a yield of 2%. The ex-dividend date is Thursday, April 24th. Mortgage Advice Bureau’s payout ratio is currently 149.30%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank assumed coverage on Mortgage Advice Bureau in a report on Monday, February 24th. They set a “buy” rating and a GBX 1,150 ($14.96) price objective on the stock.

Insider Transactions at Mortgage Advice Bureau

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach bought 300 shares of Mortgage Advice Bureau stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average price of GBX 730 ($9.50) per share, for a total transaction of £2,190 ($2,848.97). Insiders bought 968 shares of company stock valued at $679,542 over the last three months. Company insiders own 20.02% of the company’s stock.

About Mortgage Advice Bureau

Mortgage Advice Bureau (Holdings) plc, together with its subsidiaries, provides mortgage advice services in the United Kingdom. The company offers proprietary technology and services, which includes adviser recruitment and lead generation, learning and development, compliance auditing and supervision, and digital marketing and website solutions.