Mortgage Advice Bureau’s (MAB1) “Add” Rating Reiterated at Numis Securities

Numis Securities reaffirmed their add rating on shares of Mortgage Advice Bureau (LON:MAB1) in a research note issued to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

Separately, Shore Capital reaffirmed a buy rating on shares of Mortgage Advice Bureau in a report on Tuesday.

Shares of MAB1 opened at GBX 600 ($7.84) on Tuesday. The stock has a market cap of $306.63 million and a price-to-earnings ratio of 23.72. Mortgage Advice Bureau has a 12 month low of GBX 470 ($6.14) and a 12 month high of GBX 740 ($9.67).

The business also recently announced a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be issued a dividend of GBX 12.70 ($0.17) per share. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from Mortgage Advice Bureau’s previous dividend of $10.60. This represents a yield of 2.3%. Mortgage Advice Bureau’s payout ratio is presently 0.91%.

In other Mortgage Advice Bureau news, insider Lucy Tilley acquired 50 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were bought at an average cost of GBX 588 ($7.68) per share, with a total value of £294 ($384.16). Also, insider Nathan James McLean Imlach acquired 261 shares of the company’s stock in a transaction dated Thursday, February 28th. The stock was acquired at an average cost of GBX 580 ($7.58) per share, for a total transaction of £1,513.80 ($1,978.05). Insiders have acquired a total of 877 shares of company stock worth $513,725 over the last ninety days.

Mortgage Advice Bureau Company Profile

Mortgage Advice Bureau (Holdings) plc, through its subsidiaries, provides mortgage advice in the United Kingdom. It provides advice on approximately 12,000 residential and buy-to-let mortgage products through mortgage intermediaries. The company offers its services over the phone and face to face for customers.

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