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

Mortgage Advice Bureau (LON:MAB1) announced its quarterly earnings results on Wednesday. The company reported GBX 6.30 EPS for the quarter, Digital Look Earnings reports. Mortgage Advice Bureau had a return on equity of 16.94% and a net margin of 3.59%.

Mortgage Advice Bureau Trading Down 4.8%

LON:MAB1 traded down GBX 17.50 during trading hours on Friday, hitting GBX 345. 525,943 shares of the company were exchanged, compared to its average volume of 416,863. The stock has a market capitalization of £198.77 million, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 0.81 and a beta of 1.03. The company has a current ratio of 0.60, a quick ratio of 2.21 and a debt-to-equity ratio of 43.59. Mortgage Advice Bureau has a one year low of GBX 345 and a one year high of GBX 818. The company has a fifty day simple moving average of GBX 481.35 and a 200 day simple moving average of GBX 520.15.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 975 price objective on shares of Mortgage Advice Bureau in a report on Tuesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 975.

Insider Activity at Mortgage Advice Bureau

In related news, insider Nathan James McLean Imlach purchased 366 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was bought at an average price of GBX 523 per share, with a total value of £1,914.18. In the last 90 days, insiders bought 763 shares of company stock valued at $398,138. Insiders own 24.49% of the company’s stock.

About Mortgage Advice Bureau

MAB is a leading UK property finance platform that connects customers, advisers, lenders, and insurers throughout the homeownership journey. Through its scalable, technology-driven intermediary model, MAB delivers personalised mortgage and protection advice via its proprietary platform, supported by deep customer insight and a data-rich, digitally enabled framework.

Through its partner firms, known as Appointed Representatives (ARs), MAB has over 2,100 advisers providing expert advice across mortgages, specialist lending, protection and general insurance products.