Federal Agricultural Mortgage Co. (NYSE:AGM – Get Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 165,500 shares, an increase of 7.7% from the July 15th total of 153,700 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average trading volume of 53,700 shares, the days-to-cover ratio is presently 3.1 days.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $215.00 target price on shares of Federal Agricultural Mortgage in a research report on Tuesday, August 6th.
Institutional Inflows and Outflows
Federal Agricultural Mortgage Stock Performance
Shares of Federal Agricultural Mortgage stock traded up $1.70 on Friday, hitting $183.92. The stock had a trading volume of 38,060 shares, compared to its average volume of 58,242. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 11.21, a P/E/G ratio of 1.70 and a beta of 1.03. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.38. Federal Agricultural Mortgage has a 52-week low of $140.44 and a 52-week high of $217.60. The company’s 50 day moving average price is $187.99 and its 200 day moving average price is $185.58.
Federal Agricultural Mortgage (NYSE:AGM – Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The credit services provider reported $3.63 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.46). Federal Agricultural Mortgage had a net margin of 13.79% and a return on equity of 22.01%. The firm had revenue of $406.23 million during the quarter, compared to analysts’ expectations of $91.77 million. During the same quarter in the prior year, the firm posted $3.86 EPS. On average, research analysts anticipate that Federal Agricultural Mortgage will post 16.67 EPS for the current year.
Federal Agricultural Mortgage Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $1.40 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $5.60 dividend on an annualized basis and a yield of 3.04%. Federal Agricultural Mortgage’s payout ratio is 34.15%.
Federal Agricultural Mortgage Company Profile
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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