25-Oct-2024
Farmer Mac Schedules Conference Call for Q3 2024 Results
TipRanks (Mon, 21-Oct 4:51 PM ET)
Farmer Mac to Announce Third Quarter 2024 Financial Results
PRNewswire (Mon, 21-Oct 4:15 PM ET)
Farmer Mac Unveils New Headquarters, Embracing Innovative Workspace Design
PRNewswire (Thu, 8-Aug 8:15 AM ET)
Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock
PRNewswire (Wed, 7-Aug 4:15 PM ET)
Farmer Mac Reports Second Quarter 2024 Results
PRNewswire (Mon, 5-Aug 4:05 PM ET)
Bruce Sherrick Joins Farmland Partners Board of Directors
Business Wire (Mon, 29-Jul 7:05 AM ET)
Federal Agricultural Mortgage Corp provides agricultural real estate and rural housing mortgage loans in the secondary market in the U.S. Its operations consist of seven segments: Farm & Ranch, Corporate AgFinance, Rural Utilities, Renewable Energy, Funding, Investments, and Corporate. The company purchases eligible mortgage loans secured by first liens on agricultural real estate and rural housing under the Farm & Ranch line of business. Its subsidiary purchases portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the USDA.
Federal Agricultural Mortgage trades on the NYSE stock market under the symbol AGM.
As of October 25, 2024, AGM stock price declined to $183.42 with 30,395 million shares trading.
AGM has a beta of 1.04, meaning it tends to be more sensitive to market movements. AGM has a correlation of 0.19 to the broad based SPY ETF.
AGM has a market cap of $2.00 billion. This is considered a Small Cap stock.
Last quarter Federal Agricultural Mortgage reported $89 million in Revenue and $3.63 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.48.
In the last 3 years, AGM traded as high as $217.60 and as low as $90.38.
The top ETF exchange traded funds that AGM belongs to (by Net Assets): VTI, IWM, AVUV, VXF, IWO.
AGM has underperformed the market in the last year with a price return of +30.7% while the SPY ETF gained +38.3%. AGM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -10.8% and +0.4%, respectively, while the SPY returned +7.3% and +0.5%, respectively.
AGM support price is $182.79 and resistance is $188.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AGM shares will trade within this expected range on the day.