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Last $23.17 USD
Change Today -0.49 / -2.07%
Volume 31.5K
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

federal agric mtg corp-cl c (AGM) Snapshot

Open
$23.50
Previous Close
$23.66
Day High
$23.55
Day Low
$23.00
52 Week High
11/10/14 - $34.47
52 Week Low
08/26/15 - $22.80
Market Cap
258.8M
Average Volume 10 Days
36.0K
EPS TTM
$3.10
Shares Outstanding
9.5M
EX-Date
09/11/15
P/E TM
7.5x
Dividend
$0.64
Dividend Yield
2.59%
Current Stock Chart for FEDERAL AGRIC MTG CORP-CL C (AGM)

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federal agric mtg corp-cl c (AGM) Details

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of eligible mortgage loans; and provides long-term standby purchase commitments to acquire designated eligible mortgage loans. The USDA Guarantees segment purchases portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the United States Department of Agriculture (USDA). The Rural Utilities segment purchases and guarantees securities that are backed by eligible rural utilities loans. The Institutional Credit segment purchases or guarantees general obligations of lenders that are secured by pools of the types of loans eligible for purchase under Farm & Ranch, USDA Guarantees, or Rural Utilities lines of business. The company also provides advances against eligible mortgage loans by purchasing obligations secured by those loans. Federal Agricultural Mortgage Corporation was founded in 1987 and is based in Washington, District of Columbia.

71 Employees
Last Reported Date: 03/16/15
Founded in 1987

federal agric mtg corp-cl c (AGM) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $643.8K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $376.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $340.9K
Compensation as of Fiscal Year 2014.

federal agric mtg corp-cl c (AGM) Key Developments

Federal Agricultural Mortgage Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Federal Agricultural Mortgage Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of $66,392,000 against $64,475,000 a year ago. Net interest income was $31,864,000 against $21,973,000 a year ago. Income before income taxes was $39,108,000 against $21,964,000 a year ago. Net income attributable to common stockholders was $22,162,000 against $20,205,000 a year ago. Diluted earnings per common share were $1.94 against $1.78 a year ago. Total revenues were $33,848,000 against $32,745,000 a year ago. Net earnings were $22,885,000 against $26,640,000 a year ago. Core earnings were $11,617,000 against $23,247,000 a year ago. Diluted core earnings per share were $1.02 against $2.05 a year ago. For the six months, the company reported total interest income of $130,343,000 against $116,927,000 a year ago. Net interest income was $62,653,000 against $39,699,000 a year ago. Income before income taxes was $61,953,000 against $28,135,000 a year ago. Net income attributable to common stockholders was $23,980,000 against $21,018,000 a year ago. Diluted earnings per common share were $2.11 against $1.85 a year ago. Total revenues were $66,712,000 against $63,086,000 a year ago. Net earnings were $47,329,000 against $48,458,000 a year ago. Core earnings were $20,720,000 against $34,232,000 a year ago. Diluted core earnings per share were $1.82 against $3.02 a year ago.

Federal Agricultural Mortgage Corp. Declares Quarterly Dividends on Common Stock, Payable on September 30, 2015 and Dividend on Preferred Stock, Payable on October 17, 2015

The board of directors of the Federal Agricultural Mortgage Corp. has declared a third quarter dividend of $0.16 per share for each of Farmer Mac's three classes of common stock – Class A Voting Common Stock, Class B Voting Common Stock and Class C Non-Voting Common Stock. The quarterly dividend will be payable on September 30, 2015 to holders of record of common stock as of September 15, 2015. The company's board of directors has also declared a dividend on each of Farmer Mac's three classes of preferred stock. The quarterly dividend of $0.3672 per share of 5.875% Non-Cumulative Preferred Stock, Series A, $0.4297 per share of 6.875% Non-Cumulative Preferred Stock, Series B and $0.375 per share of 6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C is for the period from but not including July 17, 2015 to and including October 17, 2015. The preferred stock dividends will be payable on October 17, 2015 to holders of record of preferred stock as of October 2, 2015.

Tom Stenson Retires as Executive Vice President and Chief Operating Officer of The Federal Agricultural Mortgage Corporation

The Federal Agricultural Mortgage Corporation announced that its Executive Vice President and Chief Operating Officer (COO), Tom Stenson, will retire on August 7, 2015.

 

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Industry Average

Valuation AGM Industry Range
Price/Earnings 6.6x
Price/Sales 2.2x
Price/Book 0.7x
Price/Cash Flow 3.7x
TEV/Sales NM Not Meaningful
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