Mortgage Advice Bureau (LON:MAB1) Issues Earnings Results

Mortgage Advice Bureau (LON:MAB1) released its quarterly earnings data 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 Stock Performance

LON MAB1 opened at GBX 741.16 ($9.64) on Thursday. The company has a market cap of £429.55 million, a P/E ratio of 39.52, a P/E/G ratio of 0.81 and a beta of 1.14. The business’s 50 day moving average price is GBX 749.07 and its 200-day moving average price is GBX 694.64. Mortgage Advice Bureau has a fifty-two week low of GBX 528 ($6.87) and a fifty-two week high of GBX 984 ($12.80).

Mortgage Advice Bureau Increases Dividend

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

Analysts Set New Price Targets

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

Insider Activity

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach acquired 292 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average price of GBX 745 ($9.69) per share, for a total transaction of £2,175.40 ($2,829.97). In the last 90 days, insiders have purchased 968 shares of company stock valued at $679,542. 20.02% of the stock is currently owned by insiders.

Mortgage Advice Bureau Company Profile

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.