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Last $27.03 USD
Change Today -0.48 / -1.74%
Volume 3.5K
AGM On Other Exchanges
Symbol
Exchange
New York
New York
Frankfurt
As of 11:08 AM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

federal agric mtg corp-cl c (AGM) Snapshot

Open
$27.49
Previous Close
$27.51
Day High
$27.51
Day Low
$27.00
52 Week High
11/10/14 - $34.47
52 Week Low
07/28/15 - $26.00
Market Cap
295.6M
Average Volume 10 Days
22.0K
EPS TTM
$3.85
Shares Outstanding
9.4M
EX-Date
06/15/15
P/E TM
7.0x
Dividend
$0.64
Dividend Yield
2.22%
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
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $429.7K
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 Corporation Declares Quarterly Dividends on Common and Preferred Stock

The board of directors of the Federal Agricultural Mortgage Corporation has declared a second 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 June 30, 2015 to holders of record of common stock as of June 17, 2015. Farmer Mac'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 April 17, 2015 to and including July 17, 2015. The preferred stock dividends will be payable on July 17, 2015 to holders of record of preferred stock as of July 2, 2015.

Federal Agricultural Mortgage Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015

Federal Agricultural Mortgage Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income of $30,789,000 against $17,726,000 a year ago. Income before income taxes was $22,845,000 against $6,171,000 a year ago. Net income was $18,614,000 compared to $7,312,000 a year ago. Net income attributable to common stockholders was $1,818,000 against $813,000 a year ago. Diluted earnings per common share were $0.16 against diluted loss per share of $0.07 a year ago. Core earnings were $10,985,000 or $0.97 per share compared to $11,298,000 or $1.01 per share in the first quarter of last year. Core earnings were $9.1 million or $0.80 per diluted common share compared to $9.5 million or $0.84 per diluted common share in fourth quarter 2014 and $11.0 million or $0.97 per diluted common share in first quarter 2014. The decrease in core earnings for first quarter 2015 compared to first quarter 2014 was primarily attributable to: a $2.3 million increase in preferred stock dividend payments due to the issuance of preferred stock during the first half of 2014 in advance of the time it was needed to fund the redemption of the Farmer Mac II LLC Preferred Stock; a $0.8 million after-tax increase in compensation expense due primarily to higher incentive compensation driven by meeting certain performance targets, increased headcount, and annual salary adjustments; the loss of $1.4 million after-tax of dividend income and $0.5 million of tax benefits associated with the October 2014 redemption of CoBank preferred stock; and partially offset by a $3.2 million after-tax increase in net effective spread, excluding the loss of dividend income on the CoBank preferred stock. For the second quarter, the company expects to save over $14 million after tax annually or $3.5 million after tax per quarter, beginning in second quarter 2015. This provides a considerable value to common stockholders.

Federal Agricultural Mortgage Corp. to Report Q1, 2015 Results on May 11, 2015

Federal Agricultural Mortgage Corp. announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on May 11, 2015

 

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AGM

Industry Average

Valuation AGM Industry Range
Price/Earnings 7.6x
Price/Sales 2.7x
Price/Book 0.8x
Price/Cash Flow 4.1x
TEV/Sales NM Not Meaningful
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