Federal Agricultural Mortgage
About: Federal Agricultural Mortgage Corp provides agricultural real estate and rural housing mortgage loans in the secondary market in the U.S. Its operations consist of seven segments: Farm & Ranch, Corporate AgFinance, Power & Utilities, Broadband Infrastructure, Renewable Energy, Funding, and Investments. The company purchases eligible mortgage loans secured by first liens on agricultural real estate and rural housing under the Farm & Ranch line of business. Its subsidiary purchases portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the USDA.
Employees: 191
0
Funds holding %
of 7,363 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
331% more call options, than puts
Call options by funds: $7.72M | Put options by funds: $1.79M
52% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 21
7% more capital invested
Capital invested by funds: $1.4B [Q3] → $1.5B (+$99.4M) [Q4]
3% more funds holding
Funds holding: 236 [Q3] → 242 (+6) [Q4]
1% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 81
0.2% more ownership
Funds ownership: 81.16% [Q3] → 81.36% (+0.2%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 5 [Q3] → 5 (+0) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$230
21%
upside
Avg. target
$230
21%
upside
High target
$230
21%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Keefe, Bruyette & Woods Bose George 67% 1-year accuracy 29 / 43 met price target | 21%upside $230 | Market Perform Maintained | 24 Feb 2025 |
Financial journalist opinion
Based on 4 articles about AGM published over the past 30 days
Neutral
Seeking Alpha
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.
Neutral
Seeking Alpha
2 weeks 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.
Negative
Zacks Investment Research
2 weeks 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.
Neutral
PRNewsWire
2 weeks 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.
Neutral
PRNewsWire
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.
Positive
Seeking Alpha
1 month 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.
Neutral
PRNewsWire
3 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.
Neutral
PRNewsWire
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.
Neutral
Seeking Alpha
4 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.
Negative
Zacks Investment Research
4 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.
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