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

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

Mortgage Advice Bureau Trading Down 0.7 %

LON:MAB1 opened at GBX 755 ($9.81) on Tuesday. Mortgage Advice Bureau has a twelve month low of GBX 528 ($6.86) and a twelve month high of GBX 984 ($12.78). The company has a market cap of £437.57 million, a price-to-earnings ratio of 40.26, a price-to-earnings-growth ratio of 0.81 and a beta of 1.14. The stock has a fifty day simple moving average of GBX 745.35 and a 200-day simple moving average of GBX 695.32.

Insider Activity at Mortgage Advice Bureau

In other news, insider Nathan James McLean Imlach bought 292 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of GBX 745 ($9.68) per share, with a total value of £2,175.40 ($2,825.56). Insiders purchased 968 shares of company stock worth $679,542 in the last 90 days. 20.02% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank started coverage on shares of Mortgage Advice Bureau in a research note on Monday, February 24th. They issued 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.