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.
IPO Year:
Exchange: NYSE
Website: farmermac.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/29/2024 | $212.00 → $215.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 9/6/2023 | $220.00 | Outperform | Keefe Bruyette |
| 3/29/2023 | $170.00 | Neutral → Buy | Sidoti |
| 2/23/2023 | $139.00 | Buy → Neutral | Sidoti |
| 1/23/2023 | Buy | Seaport Research Partners | |
| 5/5/2022 | $138.00 | Neutral → Buy | Sidoti |
4 - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Issuer)
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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), 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. Farmer Mac's board of directors has also declared a dividend on each of F
- Outstanding Business Volume of $28.5 Billion - WASHINGTON, Nov. 4, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation ((Farmer Mac, NYSE:AGM), 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 ended September 30, 2024. "Farmer Mac delivered another solid quarter, demonstrating yet again the benefits of our successful efforts to continue to diversify our revenue streams, taking advantage of our strong capital base and uninter
WASHINGTON, Oct. 21, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation ((Farmer Mac, NYSE:AGM), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter ended September 30, 2024, on Monday, November 4, 2024, before the opening of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m. eastern time. The conference call can be accessed by telephone or webcast as follow
WASHINGTON, Aug. 8, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation ((Farmer Mac, NYSE:AGM), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced the relocation of its headquarters to 2100 Pennsylvania Ave NW, Washington, D.C. The new office space embodies the company's commitment to a strong workplace culture and sustainability. The new headquarters was designed to foster a collaborative and flexible work environment that prioritizes employee well-being and en
WASHINGTON, Aug. 7, 2024 /PRNewswire/ -- The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a third 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 September 30, 2024 to holders of record of common stock as of September 16, 2024. Farmer Mac's board of directors has also declared a dividend on each o
- Outstanding Business Volume of $28.8 Billion - WASHINGTON, Aug. 5, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation ((Farmer Mac, NYSE:AGM), 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 ended June 30, 2024. "We are pleased to deliver another strong earnings quarter, driven by our successful efforts over the last few years to grow and diversify our revenue streams, while maintaining disciplined asset liability manageme
Farmland Partners Inc. (NYSE:FPI) (the "Company" or "FPI") today announced the addition of Dr. Bruce Sherrick, a renowned agricultural economist and farmland expert at the University of Illinois, to its Board of Directors (the "Board"), effective July 23, 2024. Dr. Sherrick has held the Marjorie and Jerry Fruin Professorship at the University of Illinois since 2013 and has run the TIAA-CREF Center for Farmland Research at the university's Department of Agricultural and Consumer Economics since 2014. For the past 22 years, Dr. Sherrick has also been a Managing Partner at Integrated Financial Analytics & Research (iFAR), a consulting firm that specializes in credit risk assessment and model
WASHINGTON, July 22, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation ((Farmer Mac, NYSE:AGM), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter ended June 30, 2024, on Monday, August 5, 2024, after the closing of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m. eastern time. The conference call can be accessed by telephone or webcast as follows:Dial-I
WASHINGTON, June 21, 2024 /PRNewswire/ -- Federal Agricultural Mortgage Corporation ((Farmer Mac, NYSE:AGM), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it has been recognized by The Washington Post with a 2024 Top Workplaces award for the greater Washington area. This respected employer recognition program celebrates organizations that have built exceptional workplace cultures. Top Workplaces award recipients are determined by the results of an anonymous, research-
WASHINGTON, June 17, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation ((Farmer Mac, NYSE:AGM) has announced that it intends to provide notice to the holders of its 6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C (the "Series C Preferred Stock") of the redemption of all of its outstanding 3,000,000 shares of Series C Preferred Stock. Farmer Mac will redeem the Series C Preferred Stock for a redemption price of $25.00 per share, plus any declared and unpaid dividends through and including the redemption date. The redemption date will be J
8-K - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Filer)
10-Q - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Filer)
8-K - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Filer)
8-K - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Filer)
8-K - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Filer)
8-K - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Filer)
10-Q - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Filer)
8-K - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Filer)
8-K - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Filer)
8-K - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Filer)
4 - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Issuer)
4 - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Issuer)
4 - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Issuer)
4 - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Issuer)
4 - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Issuer)
4 - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Issuer)
4 - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Issuer)
4 - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Issuer)
4 - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Issuer)
4 - FEDERAL AGRICULTURAL MORTGAGE CORP (0000845877) (Issuer)
Farmland Partners Inc. (NYSE:FPI) (the "Company" or "FPI") today announced the addition of Dr. Bruce Sherrick, a renowned agricultural economist and farmland expert at the University of Illinois, to its Board of Directors (the "Board"), effective July 23, 2024. Dr. Sherrick has held the Marjorie and Jerry Fruin Professorship at the University of Illinois since 2013 and has run the TIAA-CREF Center for Farmland Research at the university's Department of Agricultural and Consumer Economics since 2014. For the past 22 years, Dr. Sherrick has also been a Managing Partner at Integrated Financial Analytics & Research (iFAR), a consulting firm that specializes in credit risk assessment and model
WASHINGTON, May 16, 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, today announced that Jeffrey L. Plagge and Kevin G. Riel have been elected as the newest members of the company's board of directors. They replace Dennis Brack and Everett Dobrinski on Farmer Mac's board, both of whom chose not to stand for re–election. Commenting on their election, Board Chair Lowell L. Junkins said, "We w
WASHINGTON, Feb. 24, 2021 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac;NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, announced today that Eric T. McKissack of Chicago, Illinois has been appointed the newest member of the company's board of directors. His appointment fills the seat of former board member W. David Hemingway after his unexpected passing in November 2020. Mr. McKissack brings significant financial and investment expertise from his many years as a portfolio management executive. He is the founder and former CEO of Channing Capital Management, L
Keefe Bruyette downgraded Fed Agricult Mortg from Outperform to Mkt Perform and set a new price target of $215.00 from $212.00 previously
Keefe Bruyette initiated coverage of Fed Agricult Mortg with a rating of Outperform and set a new price target of $220.00
Sidoti upgraded Fed Agricult Mortg from Neutral to Buy and set a new price target of $170.00
Sidoti downgraded Fed Agricult Mortg from Buy to Neutral and set a new price target of $139.00
Seaport Research Partners initiated coverage of Fed Agricult Mortg with a rating of Buy
Sidoti upgraded Fed Agricult Mortg from Neutral to Buy and set a new price target of $138.00
Sidoti & Co. downgraded Federal Agricultural from Buy to Neutral and set a new price target of $115.00
Sidoti downgraded Fed Agricult Mortg from Buy to Neutral
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), 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. Farmer Mac's board of directors has also declared a dividend on each of F
- Outstanding Business Volume of $28.5 Billion - WASHINGTON, Nov. 4, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation ((Farmer Mac, NYSE:AGM), 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 ended September 30, 2024. "Farmer Mac delivered another solid quarter, demonstrating yet again the benefits of our successful efforts to continue to diversify our revenue streams, taking advantage of our strong capital base and uninter
WASHINGTON, Oct. 21, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation ((Farmer Mac, NYSE:AGM), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter ended September 30, 2024, on Monday, November 4, 2024, before the opening of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m. eastern time. The conference call can be accessed by telephone or webcast as follow
WASHINGTON, Aug. 7, 2024 /PRNewswire/ -- The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a third 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 September 30, 2024 to holders of record of common stock as of September 16, 2024. Farmer Mac's board of directors has also declared a dividend on each o
- Outstanding Business Volume of $28.8 Billion - WASHINGTON, Aug. 5, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation ((Farmer Mac, NYSE:AGM), 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 ended June 30, 2024. "We are pleased to deliver another strong earnings quarter, driven by our successful efforts over the last few years to grow and diversify our revenue streams, while maintaining disciplined asset liability manageme
WASHINGTON, July 22, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation ((Farmer Mac, NYSE:AGM), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter ended June 30, 2024, on Monday, August 5, 2024, after the closing of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m. eastern time. The conference call can be accessed by telephone or webcast as follows:Dial-I
WASHINGTON, June 17, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation ((Farmer Mac, NYSE:AGM) has announced that it intends to provide notice to the holders of its 6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C (the "Series C Preferred Stock") of the redemption of all of its outstanding 3,000,000 shares of Series C Preferred Stock. Farmer Mac will redeem the Series C Preferred Stock for a redemption price of $25.00 per share, plus any declared and unpaid dividends through and including the redemption date. The redemption date will be J
WASHINGTON, May 15, 2024 /PRNewswire/ -- The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a second 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), 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 June 28, 2024, to holders of record of common stock as of June 14, 2024. Farmer Mac's board of directors has also declared a dividend on each of Farmer
- Outstanding Business Volume of $28.8 Billion - WASHINGTON, May 6, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation ((Farmer Mac, NYSE:AGM), 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 ended March 31, 2024. "Farmer Mac delivered another quarter of strong earnings resulting from our well-disciplined asset-liability management, development of new markets, and investments to modernize our infrastructure," said President
WASHINGTON, April 22, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation ((Farmer Mac, NYSE:AGM), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter ended March 31, 2024, on Monday, May 6, 2024, before the opening of equity markets. A conference call to discuss the results will be held that day at 8:30 a.m. eastern time. The conference call can be accessed by telephone or webcast as follows: Dial-
Keefe, Bruyette & Woods analyst Bose George reiterates Federal Agricultural (NYSE:AGM) with a Outperform and lowers the price target from $225 to $212.
Federal Agricultural (NYSE:AGM) reported quarterly earnings of $3.96 per share which missed the analyst consensus estimate of $4.06 by 2.46 percent. The company reported quarterly sales of $89.103 million which missed the analyst consensus estimate of $92.255 million by 3.42 percent. This is a 7.49 percent increase over sales of $82.894 million the same period last year.
This quarterly dividend, which represents an increase of 27% in Farmer Mac's quarterly dividend rate, will be payable on March 28, 2024 to holders of record of common stock as of March 15, 2024.
Federal Agricultural (NYSE:AGM) reported quarterly earnings of $4.10 per share which beat the analyst consensus estimate of $4.05 by 1.23 percent. This is a 29.75 percent increase over earnings of $3.16 per share from the same period last year.
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Federal Agricultural (NYSE:AGM) is set to give its latest quarterly earnings report on Friday, 2024-02-23. Here's what investors need to know before the announcement. Analysts estimate that Federal Agricultural will report an earnings per share (EPS) of $4.05. Federal Agricultural bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.13, which was followed by a 2.
Federal Agricultural (NYSE:AGM) reported quarterly earnings of $4.13 per share which beat the analyst consensus estimate of $4.00 by 3.25 percent. This is a 34.53 percent increase over earnings of $3.07 per share from the same period last year. The company reported quarterly sales of $89.31 million which beat the analyst consensus estimate of $86.13 million by 3.69 percent. This is a 27.01 percent increase over sales of $70.31 million the same period last year.
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Federal Agricultural (NYSE:AGM) is set to give its latest quarterly earnings report on Monday, 2023-11-06. Here's what investors need to know before the announcement. Analysts estimate that Federal Agricultural will report an earnings per share (EPS) of $4.00. Federal Agricultural bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.76, which was followed by a 4.
Upgrades According to Morgan Stanley, the prior rating for First Solar Inc (NASDAQ:FSLR) was changed from Underweight to Equal-Weight. For the second quarter, First Solar had an EPS of $1.89, compared to year-ago quarter EPS of $0.52. At the moment, the stock has a 52-week-high of $232.00 and a 52-week-low of $115.66. First Solar closed at $186.48 at the end of the last trading period. For MP Materials Corp (NYSE:MP), Northland Capital Markets upgraded the previous rating of Market Perform to Outperform. MP Materials earned $0.09 in the second quarter, compared to $0.41 in the year-ago quarter. The stock has a 52-week-high of $36.67 and a 52-week-low of $19.18. At the end of the last trad