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

Key Points

• Mortgage Advice Bureau reported earnings of GBX 11.80 per share for the quarter, with a return on equity of 15.33% and a net margin of 4.41%.
• Shares of MAB1 opened at GBX 737.60 and have a market capitalization of £431.22 million, with a 52-week range of GBX 546 to GBX 924.
• Analysts, including Berenberg Bank, have a consensus "buy" rating for the stock, with a price target of GBX 1,150.

Mortgage Advice Bureau (LON:MAB1 - Get Free Report) posted its earnings results on Tuesday. The company reported GBX 11.80 earnings per share (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 Stock Performance

Shares of MAB1 opened at GBX 737.60 on Tuesday. The stock has a 50 day simple moving average of GBX 759.85 and a 200 day simple moving average of GBX 789.46. Mortgage Advice Bureau has a 52-week low of GBX 546 and a 52-week high of GBX 924. The firm has a market capitalization of £431.22 million, a PE ratio of 2,691.97, a P/E/G ratio of 0.81 and a beta of 1.14.

Insider Activity

In other Mortgage Advice Bureau news, insider Nathan James McLean Imlach acquired 246 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The stock was acquired at an average cost of GBX 755 per share, for a total transaction of £1,857.30. In the last three months, insiders purchased 749 shares of company stock valued at $604,920. 24.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 1,150 price objective on shares of Mortgage Advice Bureau in a research report on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of GBX 1,150.

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.

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