Media coverage about Federal Agricultural Mortgage Corporation (NYSE:AGM) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Federal Agricultural Mortgage Corporation earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the credit services provider an impact score of 45.3121033606184 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Insider Selling: Federal Agricultural Mortgage Corporation (AGM) CFO Sells 4,280 Shares of Stock (americanbankingnews.com)
- Federal Agricultural Mortgage Corporation 2017 Q3 – Results – Earnings Call Slides (seekingalpha.com)
- Federal Agricultural Mortgage’s (AGM) CEO Tim Buzby on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Federal Agricultural Mortgage Corporation’s (AGM) “Hold” Rating Reiterated at Keefe, Bruyette & Woods (americanbankingnews.com)
- Federal Agricultural Mortgage Corporation (AGM) Announces Quarterly Earnings Results (americanbankingnews.com)
Several brokerages have commented on AGM. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $65.00 price target on shares of Federal Agricultural Mortgage Corporation in a research note on Friday, November 10th. BidaskClub cut shares of Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Finally, TheStreet cut shares of Federal Agricultural Mortgage Corporation from a “b-” rating to a “c+” rating in a research note on Friday, August 11th.
Shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) opened at $71.07 on Wednesday. The company has a market cap of $751.91, a price-to-earnings ratio of 11.68 and a beta of 1.25. Federal Agricultural Mortgage Corporation has a one year low of $48.19 and a one year high of $77.78. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 2.80.
Federal Agricultural Mortgage Corporation (NYSE:AGM) last announced its quarterly earnings results on Thursday, November 9th. The credit services provider reported $1.57 EPS for the quarter, topping the consensus estimate of $1.46 by $0.11. The business had revenue of $43.86 million for the quarter. Federal Agricultural Mortgage Corporation had a net margin of 23.05% and a return on equity of 14.81%.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, December 14th. Federal Agricultural Mortgage Corporation’s dividend payout ratio is 19.38%.
In other news, Director Dennis A. Everson sold 700 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $67.08, for a total transaction of $46,956.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James R. Engebretsen sold 400 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $65.64, for a total transaction of $26,256.00. The disclosure for this sale can be found here. Insiders have sold a total of 34,536 shares of company stock worth $2,509,858 over the last 90 days. Corporate insiders own 3.75% of the company’s stock.
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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