Somewhat Favorable News Coverage Somewhat Unlikely to Affect Federal Agricultural Mortgage Corporation (AGM) Share Price
News articles about Federal Agricultural Mortgage Corporation (NYSE:AGM) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Federal Agricultural Mortgage Corporation earned a news impact score of 0.16 on Accern’s scale. Accern also gave media coverage about the credit services provider an impact score of 46.7876469216289 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of analysts recently weighed in on the company. BidaskClub downgraded Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. TheStreet downgraded Federal Agricultural Mortgage Corporation from a “b-” rating to a “c+” rating in a report on Friday, August 11th. Finally, Keefe, Bruyette & Woods set a $65.00 price objective on Federal Agricultural Mortgage Corporation and gave the company a “hold” rating in a report on Tuesday, May 16th.
Shares of Federal Agricultural Mortgage Corporation (AGM) opened at 66.37 on Thursday. The company has a 50-day moving average price of $67.45 and a 200-day moving average price of $61.76. The firm has a market capitalization of $703.79 million, a P/E ratio of 9.14 and a beta of 1.16. Federal Agricultural Mortgage Corporation has a 12-month low of $37.84 and a 12-month high of $74.01.
Federal Agricultural Mortgage Corporation (NYSE:AGM) last announced its quarterly earnings data on Wednesday, August 9th. The credit services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. Federal Agricultural Mortgage Corporation had a net margin of 24.02% and a return on equity of 15.01%. The company had revenue of $43.48 million during the quarter. Equities analysts predict that Federal Agricultural Mortgage Corporation will post $5.85 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a yield of 2.17%. Federal Agricultural Mortgage Corporation’s payout ratio is 19.81%.
In other news, Director Sara Louise Faivre-Davis sold 399 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $69.67, for a total value of $27,798.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lowell Junkins sold 500 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $62.38, for a total transaction of $31,190.00. The disclosure for this sale can be found here. Insiders have sold a total of 6,592 shares of company stock valued at $451,344 in the last quarter. 3.75% of the stock is currently owned by company insiders.
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About Federal Agricultural Mortgage Corporation
Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.
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