Federal Agricultural Mortgage Corporation (AGM) Getting Somewhat Favorable News Coverage, Analysis Finds
News coverage about Federal Agricultural Mortgage Corporation (NYSE:AGM) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Federal Agricultural Mortgage Corporation earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the credit services provider an impact score of 46.1884319484403 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Ag lender survey says farm profitability still down but improving (hpj.com)
- Federal Agricultural Mortgage Corporation Plans Quarterly Dividend of $0.36 (AGM) (americanbankingnews.com)
- Farm profitability remains a challenge (westernfarmpress.com)
- Farmer Mac Declares Dividends and Announces Conference Call for Third Quarter 2017 Results (finance.yahoo.com)
- Farmer Mac Selects ProcessUnity for Third-Party Risk, Policy and Procedure Management (tmcnet.com)
Federal Agricultural Mortgage Corporation (NYSE AGM) traded up $1.61 during trading on Friday, hitting $76.29. 78,000 shares of the stock traded hands, compared to its average volume of 41,904. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.35 and a current ratio of 0.35. Federal Agricultural Mortgage Corporation has a fifty-two week low of $39.09 and a fifty-two week high of $77.78. The stock has a market cap of $808.90, a PE ratio of 13.65 and a beta of 1.25.
Federal Agricultural Mortgage Corporation (NYSE:AGM) last posted its quarterly earnings results on Wednesday, August 9th. The credit services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.36 by $0.12. Federal Agricultural Mortgage Corporation had a net margin of 24.02% and a return on equity of 15.01%. The business had revenue of $43.48 million for the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Thursday, December 14th. Federal Agricultural Mortgage Corporation’s dividend payout ratio is presently 19.81%.
Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods restated a “hold” rating on shares of Federal Agricultural Mortgage Corporation in a report on Thursday, September 21st. BidaskClub cut shares of Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, TheStreet cut shares of Federal Agricultural Mortgage Corporation from a “b-” rating to a “c+” rating in a report on Friday, August 11th.
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In related news, Director James R. Engebretsen sold 400 shares of the company’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $65.64, for a total value of $26,256.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Timothy L. Buzby sold 937 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $74.87, for a total transaction of $70,153.19. The disclosure for this sale can be found here. Insiders sold 30,856 shares of company stock valued at $2,244,371 over the last quarter. 3.75% of the stock is currently owned by corporate insiders.
About Federal Agricultural Mortgage Corporation
Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.
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