Mortgage Advice Bureau (LON:MAB1) Announces Earnings Results

Mortgage Advice Bureau (LON:MAB1) announced its quarterly earnings data on Tuesday. The company reported GBX 27.60 ($0.36) EPS for the quarter, Digital Look Earnings reports. Mortgage Advice Bureau had a return on equity of 15.33% and a net margin of 4.41%.

Mortgage Advice Bureau Price Performance

Shares of Mortgage Advice Bureau stock opened at GBX 760 ($9.87) on Tuesday. The firm has a market cap of £440.47 million, a price-to-earnings ratio of 40.52, a P/E/G ratio of 0.81 and a beta of 1.14. Mortgage Advice Bureau has a 52-week low of GBX 528 ($6.86) and a 52-week high of GBX 984 ($12.78). The stock has a 50-day simple moving average of GBX 745.35 and a 200-day simple moving average of GBX 695.32.

Insider Activity

In other news, insider Nathan James McLean Imlach purchased 300 shares of Mortgage Advice Bureau stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of GBX 730 ($9.48) per share, for a total transaction of £2,190 ($2,844.53). Insiders bought a total of 968 shares of company stock worth $679,542 in the last three months. 20.02% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank began coverage on Mortgage Advice Bureau in a research report on Monday, February 24th. They set a “buy” rating and a GBX 1,150 ($14.94) price objective for the company.

About Mortgage Advice Bureau

Mortgage Advice Bureau (Holdings) plc, together with its subsidiaries, provides mortgage advice services in the United Kingdom. The company offers proprietary technology and services, which includes adviser recruitment and lead generation, learning and development, compliance auditing and supervision, and digital marketing and website solutions.