Parkside Financial Bank & Trust Raises Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Parkside Financial Bank & Trust boosted its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 9.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 702 shares of the credit services provider’s stock after buying an additional 61 shares during the period. Parkside Financial Bank & Trust’s holdings in Federal Agricultural Mortgage were worth $134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in Federal Agricultural Mortgage in the 3rd quarter valued at about $31,000. Federated Hermes Inc. grew its position in Federal Agricultural Mortgage by 464.7% in the 3rd quarter. Federated Hermes Inc. now owns 288 shares of the credit services provider’s stock valued at $44,000 after acquiring an additional 237 shares in the last quarter. SG Americas Securities LLC acquired a new position in Federal Agricultural Mortgage in the 3rd quarter valued at about $147,000. Raymond James Trust N.A. acquired a new position in Federal Agricultural Mortgage in the 4th quarter valued at about $217,000. Finally, Pathstone Family Office LLC acquired a new position in Federal Agricultural Mortgage in the 3rd quarter valued at about $219,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Federal Agricultural Mortgage Stock Performance

NYSE AGM opened at $190.24 on Thursday. The company has a market cap of $2.06 billion, a P/E ratio of 12.03 and a beta of 1.07. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a 50-day moving average of $186.44 and a two-hundred day moving average of $176.72. Federal Agricultural Mortgage Co. has a 1-year low of $122.96 and a 1-year high of $199.40.

Federal Agricultural Mortgage (NYSE:AGM) last released its earnings results on Friday, February 23rd. The credit services provider reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.40. The company had revenue of $354.15 million during the quarter, compared to the consensus estimate of $86.86 million. Federal Agricultural Mortgage had a return on equity of 22.68% and a net margin of 14.13%. During the same period in the previous year, the company posted $3.16 EPS. As a group, analysts anticipate that Federal Agricultural Mortgage Co. will post 17 EPS for the current year.

Federal Agricultural Mortgage Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $1.40 dividend. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. This represents a $5.60 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Thursday, March 14th. Federal Agricultural Mortgage’s payout ratio is currently 35.42%.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company's Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.