Mortgage Advice Bureau (LON:MAB1) Announces Earnings Results

Mortgage Advice Bureau (LON:MAB1) posted its quarterly earnings data on Tuesday. The company reported GBX 27.60 ($0.36) earnings per share (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 Trading Down 0.6 %

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

Mortgage Advice Bureau Increases Dividend

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

Insiders Place Their Bets

In related news, insider Nathan James McLean Imlach acquired 331 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was purchased at an average cost of GBX 642 ($8.35) per share, for a total transaction of £2,125.02 ($2,764.43). In the last ninety days, insiders bought 968 shares of company stock worth $679,542. 20.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.