Equities Analysts Set Expectations for Federal Agricultural Mortgage Co.’s FY2022 Earnings (NYSE:AGM)

Federal Agricultural Mortgage Co. (NYSE:AGMGet Rating) – Seaport Res Ptn issued their FY2022 earnings per share (EPS) estimates for Federal Agricultural Mortgage in a research note issued to investors on Monday, January 23rd. Seaport Res Ptn analyst W. Ryan anticipates that the credit services provider will post earnings per share of $11.15 for the year. Seaport Res Ptn has a “Buy” rating on the stock. Seaport Res Ptn also issued estimates for Federal Agricultural Mortgage’s Q4 2022 earnings at $2.89 EPS, FY2023 earnings at $12.05 EPS and FY2024 earnings at $13.10 EPS.

Separately, StockNews.com lowered Federal Agricultural Mortgage from a “buy” rating to a “hold” rating in a research note on Tuesday.

Federal Agricultural Mortgage Price Performance

Federal Agricultural Mortgage stock opened at $126.00 on Wednesday. Federal Agricultural Mortgage has a 52 week low of $90.38 and a 52 week high of $130.03. The business has a 50-day simple moving average of $120.17 and a 200 day simple moving average of $112.33. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.52. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 9.47 and a beta of 1.00.

Federal Agricultural Mortgage (NYSE:AGMGet Rating) last released its earnings results on Monday, November 7th. The credit services provider reported $3.07 earnings per share (EPS) for the quarter. Federal Agricultural Mortgage had a return on equity of 20.26% and a net margin of 28.78%. The business had revenue of $72.05 million during the quarter.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC bought a new position in Federal Agricultural Mortgage in the 2nd quarter worth $26,000. Larson Financial Group LLC bought a new position in Federal Agricultural Mortgage in the 3rd quarter worth $33,000. Point72 Hong Kong Ltd bought a new position in Federal Agricultural Mortgage in the 3rd quarter worth $52,000. Cary Street Partners Investment Advisory LLC raised its holdings in Federal Agricultural Mortgage by 354.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 614 shares of the credit services provider’s stock worth $61,000 after purchasing an additional 479 shares during the period. Finally, Ensign Peak Advisors Inc bought a new position in Federal Agricultural Mortgage in the 3rd quarter worth $63,000. 66.13% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Dennis L. Brack sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $125.74, for a total value of $75,444.00. Following the transaction, the director now directly owns 7,966 shares of the company’s stock, valued at approximately $1,001,644.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.21% of the stock is currently owned by company insiders.

Federal Agricultural Mortgage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were paid a $0.95 dividend. The ex-dividend date was Wednesday, December 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.02%. Federal Agricultural Mortgage’s payout ratio is currently 28.57%.

Federal Agricultural Mortgage Company Profile

(Get Rating)

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.

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