Mortgage Advice Bureau (LON:MAB1) Releases Quarterly Earnings Results

Mortgage Advice Bureau (LON:MAB1 – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported GBX 6.30 EPS for the quarter, Digital Look Earnings reports. Mortgage Advice Bureau had a return on equity of 16.94% and a net margin of 3.59%.

Mortgage Advice Bureau Trading Down 4.8%

LON:MAB1 traded down GBX 17.50 on Friday, reaching GBX 345. 525,943 shares of the stock traded hands, compared to its average volume of 416,863. The company has a current ratio of 0.60, a quick ratio of 2.21 and a debt-to-equity ratio of 43.59. The company’s 50 day moving average is GBX 481.35 and its 200-day moving average is GBX 520.15. Mortgage Advice Bureau has a 1-year low of GBX 345 and a 1-year high of GBX 818. The firm has a market capitalization of £198.77 million, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 0.81 and a beta of 1.03.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 975 price objective on shares of Mortgage Advice Bureau in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 975.

Read Our Latest Report on Mortgage Advice Bureau

Insider Buying and Selling at Mortgage Advice Bureau

In other news, insider Nathan James McLean Imlach purchased 366 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of GBX 523 per share, with a total value of £1,914.18. In the last three months, insiders have acquired 763 shares of company stock valued at $398,138. Insiders own 24.49% of the company’s stock.

About Mortgage Advice Bureau

(Get Free Report)

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.

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Earnings History for Mortgage Advice Bureau (LON:MAB1)

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