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

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

Mortgage Advice Bureau Trading Down 1.6 %

MAB1 stock traded down GBX 12 ($0.16) on Thursday, hitting GBX 734 ($9.55). The company’s stock had a trading volume of 12,174 shares, compared to its average volume of 104,680. The firm has a 50 day moving average of GBX 749.07 and a two-hundred day moving average of GBX 694.64. Mortgage Advice Bureau has a 1 year low of GBX 528 ($6.87) and a 1 year high of GBX 984 ($12.80). The stock has a market cap of £425.40 million, a price-to-earnings ratio of 39.14, a price-to-earnings-growth ratio of 0.81 and a beta of 1.14.

Mortgage Advice Bureau Increases Dividend

The firm also recently declared 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 an increase from Mortgage Advice Bureau’s previous dividend of $13.40. The ex-dividend date is Thursday, April 24th. This represents a yield of 2%. Mortgage Advice Bureau’s dividend payout ratio is 149.30%.

Insider Activity at Mortgage Advice Bureau

In other news, insider Nathan James McLean Imlach acquired 300 shares of the company’s stock in a transaction on Friday, January 31st. The shares were bought at an average cost of GBX 730 ($9.50) per share, with a total value of £2,190 ($2,848.97). Insiders acquired a total of 968 shares of company stock worth $679,542 in the last 90 days. 20.02% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.