Federal Agricultural Mortgage Corp. (AGM) Sees Unusually-High Trading Volume
Shares of Federal Agricultural Mortgage Corp. (NYSE:AGM) saw unusually-strong trading volume on Monday . Approximately 99,724 shares changed hands during trading, an increase of 66% from the previous session’s volume of 59,897 shares.The stock last traded at $40.71 and had previously closed at $40.24.
Several analysts have weighed in on AGM shares. Sidoti cut shares of Federal Agricultural Mortgage Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 11th. Compass Point cut shares of Federal Agricultural Mortgage Corp. from a “buy” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a research note on Thursday, May 12th. Five analysts have rated the stock with a hold rating, Federal Agricultural Mortgage Corp. has a consensus rating of “Hold” and a consensus price target of $38.00.
The company has a market cap of $429.79 million and a price-to-earnings ratio of 9.89. The company’s 50 day moving average is $38.94 and its 200-day moving average is $36.90.
Federal Agricultural Mortgage Corp. (NYSE:AGM) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.09. Equities analysts anticipate that Federal Agricultural Mortgage Corp. will post $4.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.53%. This is an increase from Federal Agricultural Mortgage Corp.’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, September 13th.
In related news, Director Chester J. Culver sold 3,975 shares of Federal Agricultural Mortgage Corp. stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $40.25, for a total transaction of $159,993.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dennis A. Everson sold 1,500 shares of Federal Agricultural Mortgage Corp. stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $38.38, for a total transaction of $57,570.00. The disclosure for this sale can be found here.
Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company operates through four segments: Farm & Ranch, the United States Department of Agriculture (USDA) Guarantees, Rural Utilities and Institutional Credit.