Last $29.25 USD
Change Today 0.00 / 0.00%
Volume 78.8K
AGM On Other Exchanges
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Exchange
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As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

federal agric mtg corp-cl c (AGM) Snapshot

Open
$29.12
Previous Close
$29.25
Day High
$29.81
Day Low
$28.98
52 Week High
04/10/14 - $36.10
52 Week Low
12/12/14 - $26.22
Market Cap
310.2M
Average Volume 10 Days
46.2K
EPS TTM
$3.90
Shares Outstanding
9.4M
EX-Date
12/17/14
P/E TM
7.5x
Dividend
$0.56
Dividend Yield
1.92%
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 Corp. Declares Quarterly Dividends on Common Stock and Preferred Stock, Payable on December 31, 2014 and January 17, 2015 Respectively

The board of directors of the Federal Agricultural Mortgage Corporation has declared a quarterly dividend per share on each of the company'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 December 31, 2014 to holders of record of common stock as of December 19, 2014. The company's board of directors has also declared a dividend on each of the company'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, $0.4297 per share of Series B Non-Cumulative Preferred Stock, and $0.375 per share of Series C Fixed-to-Floating Rate Non-Cumulative Preferred Stock is for the period from but not including October 17, 2014 to and including January 17, 2015, and shall be payable on January 17, 2015 to holders of record of preferred stock as of January 2, 2015.

Federal Agricultural Mortgage Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Federal Agricultural Mortgage Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income was $11,996,000 against $28,188,000 a year ago. Income before income taxes $27,845,000 against $30,067,000 a year ago. Net income attributable to common stockholders was $11,586,000 or $1.02 per diluted share against $16,381,000 or $1.37 per diluted share a year ago. Core earnings were $9,289,000 or $0.83 per diluted share as compared to $11,767,000 or $1.05 per diluted share for the same period prior year. The decrease in net income attributable to common stockholders in third quarter 2014 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 $2.7 million after-tax gain in third quarter 2014, compared to a $4.6 million after-tax gain in third quarter 2013, and to the effects of the two short-term initiatives. The decrease in core earnings in third quarter 2014 compared to second quarter 2014 and third quarter 2013 was largely attributable to the net financing expense of the cash management and liquidity initiative and the capital structure initiative. For the nine months, the company reported net interest income was $46,261,000 against $84,719,000 a year ago. Net income attributable to common stockholders was $32,604,000 or $2.87 per diluted share against $59,348,000 or $5.30 per diluted share a year ago. Income before income taxes was $55,980,000 as compared to $108,580,000 for the same period prior year. Core earnings were $36.9 million compared to $39.6 million for the nine months ended September 30, 2013.

Federal Agricultural Mortgage Corp. to Report Q3, 2014 Results on Nov 10, 2014

Federal Agricultural Mortgage Corp. announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Nov 10, 2014

 

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Valuation AGM Industry Range
Price/Earnings 7.4x
Price/Sales 3.6x
Price/Book 0.9x
Price/Cash Flow 5.2x
TEV/Sales NM Not Meaningful
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