Mortgage Advice Bureau (LON:MAB1) Releases Earnings Results

Mortgage Advice Bureau (LON:MAB1) issued its 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 Stock Down 4.8%

MAB1 traded down GBX 17.50 on Friday, reaching GBX 345. The company’s stock had a trading volume of 525,943 shares, 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. 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 50 day moving average of GBX 485.43 and a two-hundred day moving average of GBX 521.38. The company has a market capitalization of £198.77 million, a price-to-earnings ratio of 13.37, a P/E/G ratio of 0.81 and a beta of 1.03.

Insider Buying and Selling at Mortgage Advice Bureau

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach bought 366 shares of the stock in a transaction dated Friday, July 31st. The shares were acquired at an average cost of GBX 523 per share, for a total transaction of £1,914.18. Over the last ninety days, insiders bought 763 shares of company stock valued at $398,138. 24.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 975.

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.