Federal Agricultural Mortgage Corporation (AGM)

NYSE: AGM · IEX Real-Time Price · USD
120.96
-4.29 (-3.43%)
Dec 5, 2022 4:00 PM EST - Market closed
-3.43%
Market Cap 1.33B
Revenue (ttm) 298.82M
Net Income (ttm) 144.67M
Shares Out 10.80M
EPS (ttm) 12.64
PE Ratio 9.57
Forward PE n/a
Dividend $3.73 (3.08%)
Ex-Dividend Date Dec 14, 2022
Volume 30,761
Open 124.29
Previous Close 125.25
Day's Range 120.54 - 124.29
52-Week Range 90.38 - 130.61
Beta 0.99
Analysts Buy
Price Target 140.76 (+16.4%)
Earnings Date Nov 7, 2022

About AGM

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 (United States Department of Agriculture) 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... [Read more]

Industry Thrifts & Mortgage Finance
Founded 1987
CEO Bradford Nordholm
Employees 153
Stock Exchange NYSE
Ticker Symbol AGM
Full Company Profile

Financial Performance

In 2021, AGM's revenue was $241.03 million, an increase of 21.22% compared to the previous year's $198.84 million. Earnings were $132.26 million, an increase of 21.73%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for AGM stock is "Buy." The 12-month stock price forecast is 140.76, which is an increase of 16.37% from the latest price.

Price Target
$140.76
(16.37% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock

WASHINGTON , Nov. 9, 2022 /PRNewswire/ -- The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a fourth quarter dividend of $0.95 per share for each of Farme...

3 weeks ago - PRNewsWire

Farmer Mac Reports Third Quarter 2022 Results

- Outstanding Business Volume of $25.3 Billion - WASHINGTON , Nov. 7, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market ...

4 weeks ago - PRNewsWire

Farmer Mac Wins Four National Top Workplaces Culture Excellence Awards

WASHINGTON , Oct. 26, 2022 /PRNewswire/ -- Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and afforda...

1 month ago - PRNewsWire

Farmer Mac to Announce Third Quarter 2022 Financial Results

WASHINGTON , Oct. 24, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and aff...

1 month ago - PRNewsWire

The 7 Best Agriculture Stocks to Buy Now

The U.S. Department of Agriculture (USDA) announced on Sept. 14 that it would invest up to $2.8 billion in 70 smart-farming initiatives selected as part of the Partnerships for Climate-Smart Commodities.

Other symbols: ADMCTVADESMGTSCOTSN
2 months ago - InvestorPlace

Farmer Mac Closes $301.1 Million Securitization of Agricultural Mortgage-Backed Securities (AMBS)

WASHINGTON , Aug. 11, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), a stockholder-owned, federally chartered corporation that provides a secondary...

3 months ago - PRNewsWire

Farmer Mac Reports Second Quarter 2022 Results

- Outstanding Business Volume of $24.5 Billion - WASHINGTON , Aug. 8, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market ...

3 months ago - PRNewsWire

Farmer Mac to Announce Second Quarter 2022 Financial Results

WASHINGTON , July 25, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and aff...

4 months ago - PRNewsWire

Farmer Mac Announces the Honorable Chester J. Culver as New Presidentially Appointed Director

WASHINGTON , May 20, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affo...

6 months ago - PRNewsWire

Farmer Mac Reports First Quarter 2022 Results

- Outstanding Business Volume of $24.2 Billion - WASHINGTON , May 9, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market p...

6 months ago - PRNewsWire

Farmer Mac to Announce First Quarter 2022 Financial Results

WASHINGTON , April 25, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and af...

7 months ago - PRNewsWire

Farmer Mac Announces Lowell L. Junkins as Board Chair

WASHINGTON , April 4, 2022 /PRNewswire/ -- Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and afforda...

8 months ago - PRNewsWire

Farmer Mac Reports 2021 Results

WASHINGTON, Feb. 28, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affo...

9 months ago - PRNewsWire

Farmer Mac to Announce Fourth Quarter and Full Year 2021 Financial Results

WASHINGTON, Feb. 14, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affo...

9 months ago - PRNewsWire

Recap: Federal Agricultural Q3 Earnings

Federal Agricultural (NYSE:AGM) reported its Q3 earnings results on Monday, November 8, 2021 at 04:00 PM. Here's what investors need to know about the announcement.

1 year ago - Benzinga

Farmer Mac Reports Third Quarter 2021 Results

WASHINGTON, Nov. 8, 2021 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affor...

1 year ago - PRNewsWire

A Trio of Stocks With Low PEG Ratios

When screening the market for bargain opportunities, investors may want to look for stocks whose trailing 12-month and forward price-earnings to growth ratios are at or below 1.5 as of Nov. 5, which is ...

Other symbols: KKRSCHN
1 year ago - GuruFocus

Farmer Mac to Announce Third Quarter 2021 Financial Results

WASHINGTON, Oct. 25, 2021 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affo...

Other symbols: AMG
1 year ago - PRNewsWire

Farmer Mac Closes $302.7 Million Securitization of Agricultural Mortgage-Backed Securities (AMBS)

WASHINGTON, Oct. 14, 2021 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), a stockholder-owned, federally chartered corporation that provides a secondary ...

1 year ago - PRNewsWire

Farmer Mac Announces Strategic Acquisition and Expansion of Loan Servicing Function

WASHINGTON, Aug. 18, 2021 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affo...

1 year ago - PRNewsWire

Farmer Mac Reports Second Quarter 2021 Results

WASHINGTON, Aug. 5, 2021 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affor...

1 year ago - PRNewsWire

Farmer Mac to Announce Second Quarter 2021 Financial Results

WASHINGTON, July 26, 2021 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affo...

1 year ago - PRNewsWire

Farmer Mac Prices $125 Million of Series G Preferred Stock

WASHINGTON, May 20, 2021 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced that it has agreed to issue $125 million of Tier 1 capital throug...

1 year ago - PRNewsWire

Farmer Mac Announces Election of Roy H. Tiarks to Board of Directors

WASHINGTON, May 17, 2021 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affor...

1 year ago - PRNewsWire

Farmer Mac Reports First Quarter 2021 Results

WASHINGTON, May 6, 2021 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and afford...

1 year ago - PRNewsWire