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

Mortgage Advice Bureau (LON:MAB1) announced its 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 net margin of 4.41% and a return on equity of 15.33%.

Mortgage Advice Bureau Price Performance

Shares of MAB1 stock traded down GBX 2 ($0.03) during mid-day trading on Thursday, hitting GBX 744 ($9.68). The stock had a trading volume of 8,101 shares, compared to its average volume of 104,607. The firm has a market capitalization of £431.20 million, a P/E ratio of 39.67, a price-to-earnings-growth ratio of 0.81 and a beta of 1.14. 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 is GBX 749.07 and its two-hundred day moving average is GBX 694.64.

Mortgage Advice Bureau Increases Dividend

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

Analyst Upgrades and Downgrades

Separately, Berenberg Bank started coverage on shares of Mortgage Advice Bureau in a research note on Monday, February 24th. They issued a “buy” rating and a GBX 1,150 ($14.96) price objective for the company.

Insider Activity at Mortgage Advice Bureau

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach acquired 331 shares of Mortgage Advice Bureau stock in a transaction that occurred on Tuesday, December 31st. The stock was bought at an average price of GBX 642 ($8.35) per share, with a total value of £2,125.02 ($2,764.43). Insiders bought 968 shares of company stock worth $679,542 over the last three months. 20.02% of the stock is owned by corporate insiders.

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.