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

Mortgage Advice Bureau (LON:MAB1) issued its quarterly earnings data 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 Down 1.1 %

Mortgage Advice Bureau stock traded down GBX 8 ($0.10) during midday trading on Thursday, reaching GBX 738 ($9.60). The stock had a trading volume of 12,105 shares, compared to its average volume of 104,679. Mortgage Advice Bureau has a 12 month low of GBX 528 ($6.87) and a 12 month high of GBX 984 ($12.80). The firm’s 50-day moving average price is GBX 749.07 and its 200 day moving average price is GBX 694.64. The firm has a market capitalization of £427.72 million, a PE ratio of 39.35, a P/E/G ratio of 0.81 and a beta of 1.14.

Mortgage Advice Bureau Increases Dividend

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

Analysts Set New Price Targets

Separately, Berenberg Bank started coverage on Mortgage Advice Bureau in a research note on Monday, February 24th. They set a “buy” rating and a GBX 1,150 ($14.96) target price on the stock.

Insider Activity at Mortgage Advice Bureau

In related news, insider Nathan James McLean Imlach purchased 292 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of GBX 745 ($9.69) per share, for a total transaction of £2,175.40 ($2,829.97). In the last three months, insiders have bought 968 shares of company stock worth $679,542. Company 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.