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Federal Agricultural Mortgage Corporation (AGM)

NYSE: AGM · IEX Real-Time Price · USD
105.92 1.75 (1.68%)
Sep 24, 2021 4:00 PM EDT - Market closed
Market Cap1.13B
Revenue (ttm)224.47M
Net Income (ttm)101.49M
Shares Out10.76M
EPS (ttm)9.39
PE Ratio11.28
Forward PEn/a
Dividend$3.36 (3.17%)
Ex-Dividend DateSep 14, 2021
Volume24,712
Open103.88
Previous Close104.17
Day's Range103.88 - 106.43
52-Week Range60.31 - 109.95
Beta1.12
AnalystsStrong Buy
Price Target117.00 (+10.5%)
Est. Earnings DateNov 9, 2021

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...

IndustryThrifts & Mortgage Finance
Founded1987
CEOBradford Nordholm
Employees121
Stock ExchangeNYSE
Ticker SymbolAGM
Full Company Profile

Financial Performance

In 2020, AGM's revenue was $198.84 million, an increase of 4.33% compared to the previous year's $190.58 million. Earnings were $108.65 million, a decrease of -0.82%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for AGM stock is "Strong Buy" and the 12-month stock price forecast is 117.00.

Price Target
$117.00
(10.46% upside)
Analyst Consensus: Strong Buy

News

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 month ago - PRNewsWire

Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock

WASHINGTON, Aug. 11, 2021 /PRNewswire/ -- The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a third quarter dividend of $0.88 per share for each of Farmer...

1 month 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 month 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 month ago - PRNewsWire

Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock

WASHINGTON, June 1, 2021 /PRNewswire/ -- The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a second quarter dividend of $0.88 per share for each of Farmer...

3 months 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...

4 months 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...

4 months 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...

4 months ago - PRNewsWire

Farmer Mac to Announce First Quarter 2021 Financial Results

WASHINGTON, April 29, 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 aff...

4 months ago - PRNewsWire

A Trio of Graham-Style Stocks for the Value Investor

To enhance the effectiveness of the search for value opportunities, one method is to choose stocks whose "Graham blended multiplier" is less than 22.5. Designed by Benjamin Graham, the father of value i...

Other symbols:CNOBHTGC
7 months ago - GuruFocus

Farmer Mac: It Trades Like A Bank But Is Far Better; This Stock Should Be A Double

Farmer Mac delivered another great quarter. Well on its way to earning $9 per share this year. Farmer Mac trades like a bank, but it significantly outperforms them.

10 months ago - Seeking Alpha

Federal Agricultural Mortgage Corp (AGM) CEO Brad Nordholm on Q3 2020 Results - Earnings Call Transcript

Federal Agricultural Mortgage Corp (AGM) CEO Brad Nordholm on Q3 2020 Results - Earnings Call Transcript

10 months ago - Seeking Alpha

Investment Science Denial - Revisiting My Farmer Mac Long And Zillow Short

I believe that Farmer Mac has a more than 100% upside and Zillow an 80% downside.

Other symbols:ZZG
11 months ago - Seeking Alpha

Dividend Challenger Highlights: Week Of September 27

A weekly summary of dividend activity for Dividend Challengers.

1 year ago - Seeking Alpha

5 All-Star Russell 2000 Stocks to Buy Now

Big-ticket Russell 2000 stocks are not getting the same love as S&P 500 constituents. Investors are preferring to pour their capital in safe, reliable tech stocks but are forgoing the chance to take adv...

Other symbols:EIGKBHNTBUNF
1 year ago - InvestorPlace

New Preferred Stock IPOs, August 2020

New Preferred Stock IPOs, August 2020

1 year ago - Seeking Alpha

Farmer Mac Prices $120 Million of Series F Preferred Stock

WASHINGTON, Aug. 13, 2020 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced that it has agreed to issue $120 million of Tier 1 capital throu...

1 year ago - PRNewsWire

Federal Agricultural Mortgage Corporation (AGM) CEO Brad Nordholm on Q2 2020 Results - Earnings Call Transcript

Federal Agricultural Mortgage Corporation (AGM) CEO Brad Nordholm on Q2 2020 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

The Value Vs. Growth Chasm: Farmer Mac Vs. Redfin

Farmer Mac's stock is off a third from its high, while Redfin's stock more than doubled the past year.

Other symbols:RDFN
1 year ago - Seeking Alpha

Farmer Mac: A New 5.75% Preferred Stock IPO Enters The Exchange

Farmer Mac: A New 5.75% Preferred Stock IPO Enters The Exchange

1 year ago - Seeking Alpha

Farmer Mac's Q1 Was On Track - A Crazy Cheap Stock And An Awesome Income Generator

Farmer Mac's Q1 Was On Track - A Crazy Cheap Stock And An Awesome Income Generator

1 year ago - Seeking Alpha

Federal Agricultural Mortgage Corporation (AGM) CEO Brad Nordholm on Q1 2020 Results - Earnings Call Transcript

Federal Agricultural Mortgage Corporation (AGM) CEO Brad Nordholm on Q1 2020 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Buy Farmer Mac: An Earnings Oasis; A Reasonable Triple In 3 Years

Buy Farmer Mac: An Earnings Oasis; A Reasonable Triple In 3 Years

1 year ago - Seeking Alpha

Federal Agricultural Mortgage Corporation (AGM) CEO Brad Nordholm on Q4 2019 Results - Earnings Call Transcript

Federal Agricultural Mortgage Corporation (AGM) CEO Brad Nordholm on Q4 2019 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Farmer Mac:  Another Boring Quarter. Perfect. And More Growth Likely Ahead.

Farmer Mac:  Another Boring Quarter. Perfect. And More Growth Likely Ahead.

1 year ago - Seeking Alpha