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

Mortgage Advice Bureau (LON:MAB1) released its quarterly earnings results on Tuesday. The company reported GBX 27.60 ($0.36) EPS 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 Stock Down 0.9 %

MAB1 stock opened at GBX 733 ($9.53) on Wednesday. The stock has a market capitalization of £424.82 million, a P/E ratio of 39.08, a P/E/G ratio of 0.81 and a beta of 1.14. The firm has a 50-day simple moving average of GBX 747.07 and a 200-day simple moving average of GBX 694.88. Mortgage Advice Bureau has a 52 week low of GBX 528 ($6.86) and a 52 week high of GBX 984 ($12.79).

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 paid a dividend of GBX 14.80 ($0.19) per share. The ex-dividend date of this dividend is Thursday, April 24th. This represents a dividend yield of 2%. This is a boost from Mortgage Advice Bureau’s previous dividend of $13.40. Mortgage Advice Bureau’s payout ratio is currently 149.30%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank assumed coverage on shares of Mortgage Advice Bureau in a research report on Monday, February 24th. They issued a “buy” rating and a GBX 1,150 ($14.95) target price on the stock.

Insider Transactions at Mortgage Advice Bureau

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, with a total value of £2,175.40 ($2,828.13). Insiders purchased 968 shares of company stock valued at $679,542 over the last 90 days. Corporate insiders own 20.02% of the company’s 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.