Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) is projected to announce its Q4 24 earnings results before the market opens on Friday, February 21st. Analysts expect the company to announce earnings of $4.17 per share and revenue of $92.81 million for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.
Federal Agricultural Mortgage Trading Up 6.4 %
Shares of NYSE:AGM traded up $12.55 during trading on Friday, reaching $208.22. 73,753 shares of the company traded hands, compared to its average volume of 33,302. The business's fifty day moving average is $196.81 and its 200-day moving average is $194.16. Federal Agricultural Mortgage has a 52-week low of $169.17 and a 52-week high of $217.60. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 13.39, a P/E/G ratio of 1.61 and a beta of 1.08. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58.
Federal Agricultural Mortgage Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Friday, March 14th. This is an increase from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. Federal Agricultural Mortgage's payout ratio is currently 36.01%.
Insider Buying and Selling at Federal Agricultural Mortgage
In other news, CEO Bradford T. Nordholm sold 5,073 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $213.37, for a total value of $1,082,426.01. Following the completion of the transaction, the chief executive officer now owns 41,104 shares of the company's stock, valued at approximately $8,770,360.48. This represents a 10.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.58% of the company's stock.
Federal Agricultural Mortgage Company Profile
(
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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.
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