Federal Agricultural Mortgage (NYSE:AGM) Issues Earnings Results

Federal Agricultural Mortgage (NYSE:AGM) released its quarterly earnings data 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 firm had revenue of $101.26 million during the quarter, compared to the consensus estimate 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 posted $4.10 EPS.

Federal Agricultural Mortgage Price Performance

AGM opened at $208.22 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58. Federal Agricultural Mortgage has a 52-week low of $169.17 and a 52-week high of $217.60. 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 has a 50 day moving average of $196.77 and a two-hundred day moving average of $194.42.

Federal Agricultural Mortgage Increases Dividend

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

Insider Transactions at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, CEO Bradford T. Nordholm sold 5,073 shares of Federal Agricultural Mortgage stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $213.37, for a total transaction of $1,082,426.01. Following the sale, the chief executive officer now owns 41,104 shares of the company’s stock, valued at $8,770,360.48. The trade was a 10.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.58% of the company’s stock.

About Federal Agricultural Mortgage

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.