Mortgage Advice Bureau (LON:MAB1) Announces Earnings Results

Mortgage Advice Bureau (LON:MAB1) posted its quarterly earnings results on Wednesday. The company reported GBX 6.30 earnings per share (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 Price Performance

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

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 research note on Tuesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Mortgage Advice Bureau presently has a consensus rating of “Buy” and an average target price of GBX 975.

Insider Activity at Mortgage Advice Bureau

In other news, insider Nathan James McLean Imlach acquired 369 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of GBX 520 per share, for a total transaction of £1,918.80. Insiders bought a total of 763 shares of company stock worth $398,138 in the last 90 days. Insiders own 24.49% of the company’s stock.

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.