Mortgage Advice Bureau (LON:MAB1) Posts Earnings Results

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

Mortgage Advice Bureau Price Performance

Shares of LON MAB1 opened at GBX 546.17 on Tuesday. The stock has a fifty day moving average price of GBX 679.60 and a 200 day moving average price of GBX 686.24. Mortgage Advice Bureau has a 1-year low of GBX 534 and a 1-year high of GBX 924. The company has a debt-to-equity ratio of 9.51, a current ratio of 0.74 and a quick ratio of 2.21. The company has a market cap of £316.90 million, a PE ratio of 16.70, a P/E/G ratio of 0.81 and a beta of 1.09.

Analysts Set New Price Targets

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

Insider Transactions at Mortgage Advice Bureau

In other news, insider Nathan James McLean Imlach acquired 231 shares of the business’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.

About Mortgage Advice Bureau

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.