Mortgage Advice Bureau (LON:MAB1) Releases Earnings Results

Mortgage Advice Bureau (LON:MAB1) issued 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 net margin of 3.59% and a return on equity of 16.94%.

Mortgage Advice Bureau Trading Down 1.7%

LON:MAB1 opened at GBX 356.45 on Friday. Mortgage Advice Bureau has a 52 week low of GBX 350 and a 52 week high of GBX 818. The company has a debt-to-equity ratio of 43.59, a quick ratio of 2.21 and a current ratio of 0.60. The firm’s fifty day moving average is GBX 485.43 and its 200-day moving average is GBX 521.38. The firm has a market cap of £205.37 million, a P/E ratio of 13.82, a P/E/G ratio of 0.81 and a beta of 1.03.

Insiders Place Their Bets

In other news, insider Nathan James McLean Imlach bought 369 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of GBX 520 per share, for a total transaction of £1,918.80. Insiders have acquired a total of 763 shares of company stock worth $398,138 over the last ninety days. 24.49% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 975 target price on shares of Mortgage Advice Bureau in a report on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 975.

Mortgage Advice Bureau Company Profile

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.