Federal Agricultural Mortgage (NYSE:AGM) Issues Quarterly Earnings Results

Federal Agricultural Mortgage (NYSE:AGM) announced its quarterly earnings results on Friday. The credit services provider reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.17 by $0.46, RTT News reports. The company had revenue of $101.26 million during the quarter, compared to analysts’ expectations of $92.81 million. Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. During the same period last year, the business earned $4.10 earnings per share.

Federal Agricultural Mortgage Stock Performance

NYSE:AGM opened at $208.22 on Friday. Federal Agricultural Mortgage has a twelve month low of $169.17 and a twelve month high of $217.60. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. The company has a market cap of $2.27 billion, a P/E ratio of 13.39, a P/E/G ratio of 1.59 and a beta of 1.08. The company’s 50-day moving average price is $196.77 and its 200-day moving average price is $194.42.

Federal Agricultural Mortgage Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $1.50 per share. The ex-dividend date is Friday, March 14th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.88%. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. Federal Agricultural Mortgage’s dividend payout ratio is presently 36.01%.

Insider Transactions at Federal Agricultural Mortgage

In related news, CEO Bradford T. Nordholm sold 5,073 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $213.37, for a total value of $1,082,426.01. Following the sale, the chief executive officer now owns 41,104 shares in the company, valued at approximately $8,770,360.48. The trade was a 10.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.58% of the company’s stock.

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.