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Last $27.75 USD
Change Today -0.15 / -0.54%
Volume 34.9K
AGM On Other Exchanges
Symbol
Exchange
New York
New York
Frankfurt
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

federal agric mtg corp-cl c (AGM) Snapshot

Open
$27.84
Previous Close
$27.90
Day High
$27.94
Day Low
$27.55
52 Week High
04/10/14 - $36.10
52 Week Low
01/28/15 - $26.12
Market Cap
299.9M
Average Volume 10 Days
46.2K
EPS TTM
$3.37
Shares Outstanding
9.4M
EX-Date
03/12/15
P/E TM
8.2x
Dividend
$0.64
Dividend Yield
2.09%
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. The company operates in three segments: Farm & Ranch, USDA Guarantees, and Rural Utilities. The Farm & Ranch segment is engaged in purchasing and retaining eligible mortgage loans that are secured by first liens on agricultural real estate; providing advances against eligible mortgage loans by purchasing obligations secured by those loans; securitizing eligible mortgage loans, and guaranteeing the timely payment of principal and interest on securities representing interests in or obligations secured by pools of eligible mortgage loans; and providing long-term standby purchase commitments to acquire designated eligible mortgage loans. The USDA Guarantees segment is involved in purchasing portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the United States Department of Agriculture. The Rural Utilities segment purchases and guarantees securities that are backed by eligible rural utilities 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, President and Member...
Total Annual Compensation: $500.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $275.7K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $417.1K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $307.4K
Compensation as of Fiscal Year 2013.

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

Federal Agricultural Mortgage Corp. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Federal Agricultural Mortgage Corp. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total interest income was $58.2 million against $49.18 million a year ago. Net interest income was $13.59 million against $13.4 million a year ago. Income before income taxes was $17.126 million against $22.687 million a year ago. Net income attributable to common stockholders was $5.65 million against $12.48 million a year ago. Diluted earnings per share were $0.50 against $1.11 a year ago. Total revenues were $31.25 million against $34.7 million a year ago. Core earnings were $9.53 million against $15.28 million a year ago. The decrease compared to fourth quarter 2013 was primarily the result of a decrease in net effective spread resulting from the redemption of the CoBank preferred stock and the higher preferred dividend expenditures resulting from the earlier issuance of preferred stock mentioned previously. Diluted core earnings per share were $0.84 against $1.36 a year ago. Core earnings excluding indicated items were $10.98 million $0.97 per diluted common share against $15.28 million $1.36 per diluted share a year ago. The decrease in fourth quarter 2014 core earnings excluding indicated items compared to fourth quarter 2013 was primarily attributable to a $0.8 million after-tax decrease in net effective spread; the loss of $0.5 million of tax benefits as a result of the October 2014 redemption of CoBank preferred stock; and the recognition of a $2.1 million federal income tax benefit in fourth quarter 2013 unrelated to the cash management and liquidity initiative that did not recur in fourth quarter 2014. For the year, the company reported total interest income was $230.57 million against $235.4 million a year ago. Net interest income was $59.85 million against $98.12 million a year ago. Income before income taxes was $73.106 million against $131.27 million a year ago. Net income attributable to common stockholders was $38.25 million against $71.83 million a year ago. Diluted earnings per share were $3.37 against $6.41 a year ago. Core earnings were $53.05 million against $54.89 million a year ago. The decrease was driven by the same factors that drove the year-over-year decline in fourth quarter 2014 core earnings, partially offset by tax benefits from the cash management and liquidity initiative. Core earnings excluding indicated items were $47.93 million against $54.89 million a year ago. The decrease in net income for these periods was attributable to several factors: first, effects of unrealized fair value changes on financial derivatives and hedged assets, which was a $3.7 million after-tax loss in fourth quarter 2014 compared to an $8 million after-tax gain in fourth quarter 2013.

Federal Agricultural Mortgage Corp. to Report Q4, 2014 Results on Mar 16, 2015

Federal Agricultural Mortgage Corp. announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Mar 16, 2015

Federal Agricultural Mortgage Corp., Q4 2014 Earnings Call, Mar 16, 2015

Federal Agricultural Mortgage Corp., Q4 2014 Earnings Call, Mar 16, 2015

 

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AGM

Industry Average

Valuation AGM Industry Range
Price/Earnings 8.2x
Price/Sales 3.5x
Price/Book 0.9x
Price/Cash Flow 5.4x
TEV/Sales NM Not Meaningful
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