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

Mortgage Advice Bureau (LON:MAB1) announced its quarterly earnings data on Tuesday. The company reported GBX 27.60 ($0.36) 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

MAB1 opened at GBX 741.16 ($9.64) on Thursday. The company has a fifty day moving average price of GBX 749.07 and a two-hundred day moving average price of GBX 694.64. The firm has a market capitalization of £429.55 million, a PE ratio of 39.52, a P/E/G ratio of 0.81 and a beta of 1.14. Mortgage Advice Bureau has a 52 week low of GBX 528 ($6.87) and a 52 week high of GBX 984 ($12.80).

Mortgage Advice Bureau Increases Dividend

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

Insider Activity

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank began coverage on Mortgage Advice Bureau in a research report on Monday, February 24th. They issued 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.