News articles about Federal Agricultural Mortgage Corporation (NYSE:AGM) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Federal Agricultural Mortgage Corporation earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave news headlines about the credit services provider an impact score of 41 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Federal Agricultural Mortgage C (NYSE:AGM) Traded Much Higher Than Its 50 Day Average (highlightpress.com)
- Contrasting NewStar Financial (NEWS) & Federal Agricultural Mortgage Corporation (AGM) (americanbankingnews.com)
- Beneficial loans ~ personal loan ~ short term loans (k2tv.com)
- Payday loans / Pre approval for mortgage loan / personal loan (k2tv.com)
- Mortgage lender reviews > pay day loans > apply now! (channelbuzz.ca)
Several brokerages recently commented on AGM. TheStreet raised Federal Agricultural Mortgage Corporation from a “c” rating to a “b-” rating in a research note on Wednesday, May 17th. Keefe, Bruyette & Woods set a $65.00 price target on Federal Agricultural Mortgage Corporation and gave the company a “hold” rating in a research note on Tuesday, May 16th.
Shares of Federal Agricultural Mortgage Corporation (AGM) opened at 67.26 on Tuesday. The company has a 50-day moving average price of $63.66 and a 200 day moving average price of $58.97. Federal Agricultural Mortgage Corporation has a 52 week low of $37.54 and a 52 week high of $68.65. The firm has a market cap of $712.75 million, a price-to-earnings ratio of 9.92 and a beta of 1.15.
Federal Agricultural Mortgage Corporation (NYSE:AGM) last issued its quarterly earnings results on Wednesday, May 10th. The credit services provider reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.16. The business had revenue of $43.87 million for the quarter. Federal Agricultural Mortgage Corporation had a return on equity of 15.17% and a net margin of 24.15%. Analysts expect that Federal Agricultural Mortgage Corporation will post $5.63 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Tuesday, June 13th. Federal Agricultural Mortgage Corporation’s dividend payout ratio is presently 21.24%.
In related news, Director Myles James Watts sold 1,779 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $62.50, for a total transaction of $111,187.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gregory Ramsey sold 799 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $60.82, for a total value of $48,595.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,954 shares of company stock worth $305,769. Company insiders own 3.75% of the company’s stock.
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Federal Agricultural Mortgage Corporation Company Profile
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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