Last $30.46 USD
Change Today -0.21 / -0.68%
Volume 16.2K
AGM On Other Exchanges
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

federal agric mtg corp-cl c (AGM) Snapshot

Open
$30.55
Previous Close
$30.67
Day High
$30.72
Day Low
$30.34
52 Week High
10/28/13 - $36.77
52 Week Low
02/3/14 - $29.01
Market Cap
325.4M
Average Volume 10 Days
27.4K
EPS TTM
$4.63
Shares Outstanding
9.4M
EX-Date
06/12/14
P/E TM
6.6x
Dividend
$0.56
Dividend Yield
1.71%
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.

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 Corporation Adopts Amendments to By-Laws

On June 4, 2014, the Board of Directors of the Federal Agricultural Mortgage Corporation adopted amendments to Farmer Mac's by-laws, as amended and restated. The By-Laws amend Farmer Mac's prior by-laws, dated December 4, 2013, as described below: Article V, Section 10 of the By-Laws (Board of Directors; Standing Committees) was amended to add the newly-established Risk Committee of the Board as a standing committee of the Board, and to merge the functions of the Credit Committee and the Marketing Committee, both standing committees of the Board prior to June 4, 2014, into the newly-established Credit and Business Development Committee, also a standing committee of the Board.

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

The board of directors of the Federal Agricultural Mortgage Corp. 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 June 30, 2014 to holders of record of common stock as of June 16, 2014. Farmer Mac's board of directors has also declared a quarterly dividend on each of Farmer Mac's two classes of preferred stock-Series A Non-Cumulative Preferred Stock and Series B 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 April 17, 2014 to and including July 17, 2014, and shall be payable on July 17, 2014 to holders of record of preferred stock as of July 2, 2014.

Federal Agricultural Mortgage Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Federal Agricultural Mortgage Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net interest income of $14,992,000 against $28,370,000 a year ago. Income before income taxes was $6,171,000 against $31,304,000 a year ago. Net income was $7,312,000 compared to $22,588,000 a year ago. Net income attributable to common stockholders was $813,000 against $16,190,000 a year ago. Diluted earnings per common share were $0.07 against diluted loss per share of $1.45 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.

 

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AGM

Industry Average

Valuation AGM Industry Range
Price/Earnings 6.1x
Price/Sales 2.9x
Price/Book 1.1x
Price/Cash Flow 4.8x
TEV/Sales NM Not Meaningful
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