Federal Agricultural Mortgage (NYSE:AGM) Hits New 12-Month Low – Here’s Why

Shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) reached a new 52-week low on Tuesday . The stock traded as low as $146.61 and last traded at $147.0950, with a volume of 105551 shares trading hands. The stock had previously closed at $149.77.

Analyst Ratings Changes

A number of research analysts have commented on AGM shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a research report on Monday, December 22nd. Keefe, Bruyette & Woods dropped their price objective on shares of Federal Agricultural Mortgage from $219.00 to $215.00 and set an “outperform” rating on the stock in a research note on Monday, February 23rd. Finally, Wall Street Zen downgraded shares of Federal Agricultural Mortgage from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Federal Agricultural Mortgage currently has a consensus rating of “Moderate Buy” and an average price target of $215.00.

Federal Agricultural Mortgage Stock Down 1.7%

The company’s 50-day moving average is $167.80 and its 200 day moving average is $172.02. The stock has a market capitalization of $1.60 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 0.71 and a beta of 0.99. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 2.00.

Federal Agricultural Mortgage (NYSE:AGM) last released its earnings results on Thursday, February 19th. The credit services provider reported $3.66 earnings per share for the quarter, missing the consensus estimate of $4.50 by ($0.84). The company had revenue of $101.39 million for the quarter, compared to analysts’ expectations of $107.45 million. Federal Agricultural Mortgage had a return on equity of 17.93% and a net margin of 15.73%. As a group, analysts anticipate that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, March 16th. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $1.50. Federal Agricultural Mortgage’s payout ratio is currently 38.46%.

Institutional Trading of Federal Agricultural Mortgage

Several large investors have recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in shares of Federal Agricultural Mortgage by 12,800.0% in the second quarter. Allworth Financial LP now owns 129 shares of the credit services provider’s stock valued at $25,000 after purchasing an additional 128 shares during the period. Acadian Asset Management LLC purchased a new stake in Federal Agricultural Mortgage in the first quarter valued at approximately $34,000. Farther Finance Advisors LLC increased its holdings in Federal Agricultural Mortgage by 53.6% in the 4th quarter. Farther Finance Advisors LLC now owns 212 shares of the credit services provider’s stock worth $37,000 after buying an additional 74 shares during the period. Kestra Advisory Services LLC purchased a new position in Federal Agricultural Mortgage during the 4th quarter worth approximately $40,000. Finally, Jones Financial Companies Lllp lifted its stake in Federal Agricultural Mortgage by 124.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 271 shares of the credit services provider’s stock valued at $47,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation (NYSE: AGM), commonly known as Farmer Mac, is a government-sponsored enterprise chartered in 1988 under the Agricultural Credit Act of 1987. Headquartered in Washington, DC, Farmer Mac was established to enhance the availability of mortgage credit for the agricultural and rural utility sectors. The corporation operates as a secondary market for agricultural real estate and rural infrastructure loans, providing lenders with liquidity and risk management solutions.

The company’s principal business activities include purchasing and securitizing long-term fixed-rate agricultural mortgage loans and rural utilities loans originated by approved lenders.