Financial Services -
Financial - Credit Services - NYSE - US
$ 167.95
-3.75 %
$ 1.79 B
Market Cap
10.22
P/E
1. INTRINSIC VALUE
Balance Sheet
Federal Agricultural Mortgage Corporation
| Current Assets | 7.31 B |
| Cash & Short-Term Investments | 7 B |
| Receivables | 361 M |
| Other Current Assets | -50.5 M |
| Non-Current Assets | 1.54 M |
| Long-Term Investments | 0 |
| PP&E | 0 |
| Other Non-Current Assets | 1.54 M |
| Current Liabilities | 408 M |
| Accounts Payable | 408 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 27.4 B |
| Long-Term Debt | 27.4 B |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Federal Agricultural Mortgage Corporation
| Revenue | 362 M |
| Cost Of Revenue | 0 |
| Gross Profit | 362 M |
| Operating Expenses | 38.2 M |
| Operating Income | 324 M |
| Other Expenses | 117 M |
| Net Income | 207 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Federal Agricultural Mortgage Corporation
| Net Income | 207 M |
| Depreciation & Amortization | 0 |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 8.09 M |
| Change in Working Capital | 145 M |
| Others | 397 M |
| Free Cash Flow | 607 M |
Wall Street Analysts Price Targets
Federal Agricultural Mortgage Corporation
Wall Street analysts predict an average 1-year price target for AGM of $236 , with forecasts ranging from
a
low of
$233 to a high of $240 .
AGM Lowest Price Target
Wall Street Target
233 USD
38.73%
AGM Average Price Target
Wall Street Target
236 USD
40.82%
AGM Highest Price Target
Wall Street Target
240 USD
42.90%
4. DIVIDEND
ANALYSIS
0.93%
DIVIDEND YIELD
1.5 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Federal Agricultural Mortgage Corporation
Sold
0-3 MONTHS
2.39 M USD 3
3-6 MONTHS
4.46 M USD 8
6-9 MONTHS
1.05 M USD 3
9-12 MONTHS
0 USD 0
Bought
196 K USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
12.4 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Widows And Orphans Income Investments Yielding 6%
The most important trait of a Widow and Orphan investment is ultra-low risk and low oversight required. We look at powerful Widow and Orphan income investments. Set the ones you love most up for success.
seekingalpha.com
- 2 weeks ago
Federal Agricultural Mortgage: Sharp Increase In Non-Accruing Loans But Preferred Shares Still Attractive
Federal Agricultural Mortgage (Farmer Mac) maintains a conservative balance sheet with a low LTV ratio, ensuring strong collateral backing for its loans. AGM's 2024 financial results showed a significant increase in net interest income, leading to a dividend hike and improved preferred dividend coverage. Despite a rise in non-accruing loans, AGM's collateralized loan book and low loan loss provisions suggest minimal impact on overall loan quality.
seekingalpha.com
- 1 month ago
Federal Agricultural Mortgage Corporation (AGM) Q4 2024 Earnings Call Transcript
Federal Agricultural Mortgage Corporation (NYSE:AGM ) Q4 2024 Results Conference Call February 21, 2025 8:30 AM ET Company Participants Jalpa Nazareth - Senior Director, IR & Finance Strategy Brad Nordholm - President & CEO Aparna Ramesh - EVP, CFO & Treasurer Zack Carpenter - EVP, Chief Business Officer Marc Crady - SVP, Chief Credit Officer Conference Call Participants Bill Ryan - Seaport Research Partners Bose George - KBW Operator Good morning, ladies and gentlemen, and welcome to the Farmer Mac Fourth Quarter 2024 Earnings Results Conference Call. At this time, all lines are in a listen-only mode.
seekingalpha.com
- 1 month ago
Federal Agricultural Mortgage (AGM) Q4 Earnings Lag Estimates
Federal Agricultural Mortgage (AGM) came out with quarterly earnings of $3.97 per share, missing the Zacks Consensus Estimate of $4.16 per share. This compares to earnings of $4.10 per share a year ago.
zacks.com
- 1 month ago
Farmer Mac Reports 2024 Results
- Announces 7% Dividend Increase - - Outstanding Business Volume of $29.5 Billion - WASHINGTON , Feb. 21, 2025 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced its results for the fiscal quarter and year ended December 31, 2024. "We are very pleased with our 2024 results, and believe we are well-positioned to deliver on our multiyear strategy as we head into 2025 with good momentum, strong liquidity and capital levels, a diversified business mix, highly effective risk management practices, and most importantly, a talented team of dedicated professionals," said President and Chief Executive Officer, Brad Nordholm.
prnewswire.com
- 1 month ago
Farmer Mac to Announce Fourth Quarter and Full Year 2024 Financial Results
WASHINGTON , Feb. 6, 2025 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing to provide vital liquidity for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter and year ended December 31, 2024, on Friday, February 21, 2025, before the opening of equity markets. A conference call to discuss the results will be held that day at 8:30 a.m.
prnewswire.com
- 2 months ago
Federal Agricultural Mortgage Corp.: I'm Buying The 6.4% Yielding Preferred Stock
Federal Agricultural Mortgage (Farmer Mac) maintains a conservative balance sheet, ensuring limited loan loss provisions and strong preferred dividend coverage despite rising interest rates. Preferred shares, particularly Series F, offer a 6.4% yield, which remains attractive given the potential for capital gains if interest rates decline. The bank's low payout ratio and substantial asset coverage make the preferred shares a relatively safe investment, even with a high preferred equity ratio.
seekingalpha.com
- 2 months ago
Farmer Mac Closes $318.8 Million Securitization of Agricultural Mortgage-Backed Securities (AMBS)
WASHINGTON , Nov. 26, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, announced today that it has completed a $318.8 million securitization of agricultural mortgage loans. This is Farmer Mac's fifth transaction in the FARM series since 2021.
prnewswire.com
- 4 months ago
Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock
WASHINGTON , Nov. 6, 2024 /PRNewswire/ -- The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a fourth quarter dividend of $1.40 per share for each of Farmer Mac's three classes of common stock – Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock (not listed on any exchange), and Class C Non-Voting Common Stock (NYSE: AGM). The quarterly dividend will be payable on December 31, 2024 to holders of record of common stock as of December 16, 2024.
prnewswire.com
- 5 months ago
Federal Agricultural Mortgage Corporation (AGM) Q3 2024 Earnings Call Transcript
Federal Agricultural Mortgage Corporation (NYSE:AGM ) Q3 2024 Earnings Conference Call November 4, 2024 4:30 PM ET Company Participants Jalpa Nazareth - Senior Director, IR & Finance Strategy Bradford Nordholm - President & CEO Aparna Ramesh - EVP, CFO & Treasurer Zachary Carpenter - EVP, Chief Business Officer Conference Call Participants Bose George - KBW William Ryan - Seaport Research Partners Brendan McCarthy - Sidoti Operator Good afternoon, ladies and gentlemen, and welcome to the Farmer Mac's Third Quarter 2024 Earnings Conference Call. At this time, all lines are in listen-only mode.
seekingalpha.com
- 5 months ago
Federal Agricultural Mortgage (AGM) Q3 Earnings and Revenues Miss Estimates
Federal Agricultural Mortgage (AGM) came out with quarterly earnings of $4.10 per share, missing the Zacks Consensus Estimate of $4.14 per share. This compares to earnings of $4.13 per share a year ago.
zacks.com
- 5 months ago
Farmer Mac: All Models Point To Undervaluation
Despite negative EPS revisions and near-term declines in momentum, Farmer Mac has maintained impressive growth and profitability metrics. My fair value estimates suggest the stock is undervalued by 20%-40%, with potential upside driven by favorable macroeconomic trends and government policies. A solid dividend track record with a double-digit CAGR over the past five years makes it a compelling option for dividend growth investors.
seekingalpha.com
- 6 months ago
8. Profile
Summary
Federal Agricultural Mortgage Corporation AGM
COUNTRY
US
INDUSTRY
Financial - Credit Services
MARKET CAP
$ 1.79 B
Dividend Yield
0.93%
Description
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans. The USDA Guarantees segment purchases portions of certain agricultural and rural development loans guaranteed by the USDA. The Rural Utilities segment purchases and guarantees securities that are backed by loans for electric or telecommunications facilities by lenders organized as cooperatives to borrowers; and purchases eligible rural utilities loans and guarantees of securities backed by those loans, as well as LTSPCs for pools of eligible rural utilities loans. The Institutional Credit segment guarantees and purchases general obligations of lenders and other financial institutions that are secured by pools of loans eligible under the Farmer Mac's Farm & Ranch, USDA Guarantees, or Rural Utilities lines of business. Federal Agricultural Mortgage Corporation was founded in 1987 and is headquartered in Washington, District of Columbia.
Contact
1999 K Street, NW, Washington, DC, 20006
https://www.farmermac.com
IPO
Date
Feb. 10, 1994
Employees
191
Officers
Mr. Robert J. Maines
Senior Vice President of Operations
Mr. Marc J. Crady
Senior Vice President & Chief Credit Officer
Mr. Stephen P. Mullery
Executive Vice President, General Counsel & Corporate Secretary
Mr. Bradford Todd Nordholm
President & Chief Executive Officer
Mr. Gregory N. Ramsey
Vice President & Chief Accounting Officer
Ms. Aparna Ramesh
Executive Vice President, Chief Financial Officer & Treasurer
Mr. Sean T. Datcher
Senior Vice President & Chief Information Officer
Ms. Jalpa Nazareth
Senior Director of Investor Relations & Finance Strategy
Michelle Nichols
Senior Director of Governance, Risk & Compliance
Mr. Zachary N. Carpenter
Executive Vice President & Chief Business Officer