Mortgage Advice Bureau (LON:MAB1) Stock Passes Above 50-Day Moving Average – What’s Next?

Mortgage Advice Bureau (Holdings) plc (LON:MAB1) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 759.13 ($9.83) and traded as high as GBX 762 ($9.87). Mortgage Advice Bureau shares last traded at GBX 754.85 ($9.77), with a volume of 2,064,792 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank started coverage on shares of Mortgage Advice Bureau in a research note on Monday, February 24th. They issued a “buy” rating and a GBX 1,150 ($14.89) target price for the company.

Mortgage Advice Bureau Stock Performance

The company has a 50-day simple moving average of GBX 765.77 and a 200-day simple moving average of GBX 695.96. The company has a market cap of £455.54 million, a price-to-earnings ratio of 41.91, a PEG ratio of 0.81 and a beta of 1.14.

Mortgage Advice Bureau (LON:MAB1) last released its quarterly earnings data on Tuesday, March 18th. The company reported GBX 27.60 ($0.36) earnings per share (EPS) for the quarter. Mortgage Advice Bureau had a return on equity of 15.33% and a net margin of 4.41%. As a group, equities research analysts forecast that Mortgage Advice Bureau will post 44.7385003 EPS for the current year.

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 issued a dividend of GBX 14.80 ($0.19) per share. The ex-dividend date of this dividend is Thursday, April 24th. This represents a 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%.

Insider Buying and Selling at Mortgage Advice Bureau

In other news, insider Nathan James McLean Imlach bought 331 shares of the stock in a transaction on Tuesday, December 31st. The shares were bought at an average price of GBX 642 ($8.31) per share, with a total value of £2,125.02 ($2,751.19). Over the last three months, insiders purchased 968 shares of company stock valued at $679,542. Corporate 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.