Last $32.68 USD
Change Today -0.2315 / -0.70%
Volume 3.7K
AGM On Other Exchanges
Symbol
Exchange
New York
New York
Frankfurt
As of 10:51 AM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

federal agric mtg corp-cl c (AGM) Snapshot

Open
$33.00
Previous Close
$32.91
Day High
$33.00
Day Low
$32.68
52 Week High
10/28/13 - $36.77
52 Week Low
07/28/14 - $28.00
Market Cap
348.4M
Average Volume 10 Days
29.9K
EPS TTM
$4.20
Shares Outstanding
9.4M
EX-Date
09/12/14
P/E TM
7.8x
Dividend
$0.56
Dividend Yield
1.58%
Current Stock Chart for FEDERAL AGRIC MTG CORP-CL C (AGM)

federal agric mtg corp-cl c (AGM) Related Bloomberg News

View More Bloomberg News

federal agric mtg corp-cl c (AGM) Related Businessweek News

No Related Businessweek News Found

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.

67 Employees
Last Reported Date: 03/13/14
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
Advisor and Member of Proxy Committee
Total Annual Compensation: $312.9K
Compensation as of Fiscal Year 2013.

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, 2014; Reports Charge-Offs for Second Quarter 2014

Federal Agricultural Mortgage Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, core earnings, a non-GAAP measure, were $23.2 million or $2.05 per diluted common share compared to $16.5 million or $1.48 per diluted common share in second quarter 2013 and $11.0 million or $0.97 per diluted common share in first quarter 2014. The most significant components of this increase were the tax benefits and releases from the allowance for losses described above, as well as an increase in net effective spread of $0.2 million after-tax. Net income attributable to common stockholders was $20.2 million or $1.78 per diluted common share compared to $27.7 million or $2.48 per diluted common share for the same period in 2013. The decrease compared to the previous year quarter was mostly attributable to the effects of unrealized fair value changes on financial derivatives and hedged assets, which was a $3.1 million after-tax loss in second quarter 2014, compared to a $11.0 million after-tax gain in second quarter 2013. The company reported net interest income of $19.3 million compared to $28.2 million and income before income taxes of $22.0 million compared to $47.0 million in last year. Second quarter 2014 core earnings increased $12.2 million compared to first quarter 2014. The key drivers of this increase were the tax benefits described above (net increase of $10.7 million), releases from the allowance for losses of $2.1 million after-tax, and an increase in net effective spread of $1.7 million after-tax. Total revenues were $32,745,000 against $36,291,000 a year ago. For the six months, the company reported net interest income of $34.3 million compared to $56.5 million, income before income taxes of $28.1 million compared to $78.5 million and net income attributable to common stockholders of $21.0 million or $1.85 per diluted share compared to $43.9 million or $3.93 per diluted share for the last year. Core earnings were $34.2 million or $3.02 per diluted share compared to $27.8 million or $2.49 per diluted share for the last year. Total revenues were $63,086,000 against $69,532,000 a year ago. Charge-offs were $57,000 in second quarter 2014, a decrease from $70,000 in the same period for 2013.

Federal Agricultural Mortgage Corp. Declares Quarterly Dividends on Common and Preferred Stock, Payable on September 30, 2014 and October 17, 2014, Respectively

The board of directors of the Federal Agricultural Mortgage Corporation has declared a quarterly dividend per share on 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 of $0.14 will be payable on September 30, 2014 to holders of record of common stock as of September 16, 2014. Farmer Mac's board of directors has also declared a dividend on each of Farmer Mac's three classes of preferred stock -- Series A Non-Cumulative Preferred Stock, Series B Non-Cumulative Preferred Stock, and Series C Fixed-to-Floating Rate Non-Cumulative Preferred Stock. The quarterly dividend of $0.3672 per share of Series A Non-Cumulative Preferred Stock and $0.4297 per share of Series B Non-Cumulative Preferred Stock is for the period from but not including July 17, 2014 to and including October 17, 2014, and shall be payable on October 17, 2014 to holders of record of preferred stock as of October 2, 2014. The dividend of $0.4875 per share of Series C Fixed-to-Floating Rate Non-Cumulative Preferred Stock is for the period from but not including June 20, 2014 to and including October 17, 2014, and will be payable on October 17, 2014 to holders of record of the Series C Fixed-to-Floating Rate Non-Cumulative Preferred Stock as of October 2, 2014. Each share of Series A Non-Cumulative Preferred Stock, Series B Non-Cumulative Preferred Stock, and Series C Fixed-to-Floating Rate Non-Cumulative Preferred Stock has a par value and liquidation preference of $25.00 per share.

Federal Agricultural Mortgage Corp. to Report Q2, 2014 Results on Aug 11, 2014

Federal Agricultural Mortgage Corp. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Aug 11, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
AGM:US $32.68 USD -0.2315

AGM Competitors

Market data is delayed at least 15 minutes.

Company Last Change
EverBank Financial Corp $18.62 USD -0.05
People's United Financial Inc $14.87 USD +0.11
View Industry Companies
 

Industry Analysis

AGM

Industry Average

Valuation AGM Industry Range
Price/Earnings 7.6x
Price/Sales 3.9x
Price/Book 1.1x
Price/Cash Flow 5.7x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FEDERAL AGRIC MTG CORP-CL C, please visit www.farmermac.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.