Mortgage Advice Bureau (LON:MAB1) Announces 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 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

Shares of MAB1 stock opened at GBX 741.16 ($9.64) on Thursday. The stock’s fifty day moving average is GBX 749.07 and its 200-day moving average is GBX 694.64. The stock has a market capitalization of £429.55 million, a PE ratio of 39.52, a PEG 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 announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Thursday, April 24th will be issued a dividend of GBX 14.80 ($0.19) per share. This represents a dividend yield of 2%. The ex-dividend date is Thursday, April 24th. This is a boost from Mortgage Advice Bureau’s previous dividend of $13.40. Mortgage Advice Bureau’s dividend payout ratio is presently 149.30%.

Insider Transactions at Mortgage Advice Bureau

In other news, insider Nathan James McLean Imlach purchased 331 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were acquired at an average price of GBX 642 ($8.35) per share, with a total value of £2,125.02 ($2,764.43). Over the last quarter, insiders have acquired 968 shares of company stock worth $679,542. Insiders own 20.02% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank assumed 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 target on the stock.

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.