Mortgage Advice Bureau (LON:MAB1) Posts Earnings Results

Mortgage Advice Bureau (LON:MAB1) released its quarterly earnings results on Tuesday. The company reported GBX 44.50 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Mortgage Advice Bureau had a return on equity of 25.99% and a net margin of 6.55%.

Mortgage Advice Bureau Trading Down 3.9%

MAB1 opened at GBX 562.88 on Wednesday. The firm has a 50 day simple moving average of GBX 677.16 and a 200 day simple moving average of GBX 685.36. Mortgage Advice Bureau has a fifty-two week low of GBX 534 and a fifty-two week high of GBX 924. The company has a market cap of £326.59 million, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 0.81 and a beta of 1.09. The company has a debt-to-equity ratio of 9.51, a current ratio of 0.74 and a quick ratio of 2.21.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 1,150 target price on shares of Mortgage Advice Bureau in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 1,150.

Insider Buying and Selling

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach bought 231 shares of the company’s stock in a transaction on Friday, January 30th. The stock was bought at an average price of GBX 805 per share, for a total transaction of £1,859.55. Corporate insiders own 24.30% of the company’s stock.

Mortgage Advice Bureau Company Profile

MAB is one of the UK’s leading consumer intermediary brands and specialist networks for mortgage advisers.

Through its partner firms known as Appointed Representatives (ARs), MAB has approximately 2,000 advisers providing expert advice to customers on a range of mortgage, specialist lending, protection, and general insurance products. MAB supports its AR firms with proprietary technology and services, including adviser recruitment and lead generation, learning and development, compliance auditing and supervision, and digital marketing and website solutions.