Farmer Mac: A Low-Drama Pick In A High-Drama Market |
Federal Agricultural Mortgage offers steady earnings, disciplined credit quality, and a solid 3.4% dividend yield. Key growth drivers include FARM securitizations, renewable energy loans, and rural broadband financing, supported by favorable macro and policy backdrops. The valuation is attractive, trading just above 10x forward earnings with a potential 20% upside, making it appealing for long-term investors. |
seekingalpha.com |
2025-04-22 10:11:15 |
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Federal Agricultural Mortgage: Sharp Increase In Non-Accruing Loans But Preferred Shares Still Attractive |
Federal Agricultural Mortgage (Farmer Mac) maintains a conservative balance sheet with a low LTV ratio, ensuring strong collateral backing for its loans. AGM's 2024 financial results showed a significant increase in net interest income, leading to a dividend hike and improved preferred dividend coverage. Despite a rise in non-accruing loans, AGM's collateralized loan book and low loan loss provisions suggest minimal impact on overall loan quality. |
seekingalpha.com |
2025-02-22 13:40:00 |
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Farmer Mac to Announce Fourth Quarter and Full Year 2024 Financial Results |
WASHINGTON , Feb. 6, 2025 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing to provide vital liquidity for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter and year ended December 31, 2024, on Friday, February 21, 2025, before the opening of equity markets. A conference call to discuss the results will be held that day at 8:30 a.m. |
prnewswire.com |
2025-02-06 18:15:00 |
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Federal Agricultural Mortgage Corp.: I'm Buying The 6.4% Yielding Preferred Stock |
Federal Agricultural Mortgage (Farmer Mac) maintains a conservative balance sheet, ensuring limited loan loss provisions and strong preferred dividend coverage despite rising interest rates. Preferred shares, particularly Series F, offer a 6.4% yield, which remains attractive given the potential for capital gains if interest rates decline. The bank's low payout ratio and substantial asset coverage make the preferred shares a relatively safe investment, even with a high preferred equity ratio. |
seekingalpha.com |
2025-01-23 12:30:00 |
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Farmer Mac Closes $318.8 Million Securitization of Agricultural Mortgage-Backed Securities (AMBS) |
WASHINGTON , Nov. 26, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, announced today that it has completed a $318.8 million securitization of agricultural mortgage loans. This is Farmer Mac's fifth transaction in the FARM series since 2021. |
prnewswire.com |
2024-11-26 18:15:00 |
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Farmer Mac: All Models Point To Undervaluation |
Despite negative EPS revisions and near-term declines in momentum, Farmer Mac has maintained impressive growth and profitability metrics. My fair value estimates suggest the stock is undervalued by 20%-40%, with potential upside driven by favorable macroeconomic trends and government policies. A solid dividend track record with a double-digit CAGR over the past five years makes it a compelling option for dividend growth investors. |
seekingalpha.com |
2024-09-26 14:58:58 |
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Farmer Mac to Announce Second Quarter 2024 Financial Results |
WASHINGTON , July 22, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter ended June 30, 2024, on Monday, August 5, 2024, after the closing of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m. |
prnewswire.com |
2024-07-22 20:15:00 |
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Farmer Mac to Redeem Outstanding Series C Preferred Stock |
WASHINGTON , June 17, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.PRC) has announced that it intends to provide notice to the holders of its 6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C (the "Series C Preferred Stock") of the redemption of all of its outstanding 3,000,000 shares of Series C Preferred Stock. Farmer Mac will redeem the Series C Preferred Stock for a redemption price of $25.00 per share, plus any declared and unpaid dividends through and including the redemption date. |
prnewswire.com |
2024-06-17 20:22:00 |
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Federal Agricultural Mortgage: Stable Earnings Stream With Above-Average Growth Prospects |
Federal Agricultural Mortgage stock has increased by 117% since 2019, with earnings up 90%. The company has demonstrated outstanding performance in managing credit risk, interest rate risk, and leverage risk. Farmer Mac has a strong competitive advantage as a government-sponsored enterprise, with a moat that provides lower debt costs than even the best peers. |
seekingalpha.com |
2024-05-28 05:02:22 |
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Farmer Mac to Announce First Quarter 2024 Financial Results |
WASHINGTON , April 22, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter ended March 31, 2024, on Monday, May 6, 2024, before the opening of equity markets. A conference call to discuss the results will be held that day at 8:30 a.m. |
prnewswire.com |
2024-04-22 20:15:00 |
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Farmer Mac: Ultra Safe Dividend Growth With Double Digit Upside Potential |
Federal Agricultural Mortgage Corporation has seen a 17% return since initial coverage, surpassing the S&P 500's return. AGM recently raised its dividend by 27%. Over the last decade, the dividend has increased at a CAGR in the double digits. AGM operates in agricultural financing and rural infrastructure finance. Both of these segments saw YoY growth to fuel earnings. |
seekingalpha.com |
2024-04-18 16:45:07 |
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Farmer Mac Closes $308.1 Million Securitization of Agricultural Mortgage-Backed Securities (AMBS) |
WASHINGTON , April 2, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, announced today that it has completed a $308.1 million securitization of agricultural mortgage loans. This is Farmer Mac's fourth transaction in the FARM series since 2021. |
prnewswire.com |
2024-04-02 20:15:00 |
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Farmer Mac to Announce Fourth Quarter and Full Year 2023 Financial Results |
WASHINGTON , Feb. 9, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter and year ended December 31, 2023, on Friday, February 23, 2024, before the opening of equity markets. |
prnewswire.com |
2024-02-09 10:30:00 |
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Farmer Mac: An Academic's Case For Higher Value |
Farmer Mac is a safe earnings growth machine, with a 79% increase in operating EPS over four years. Despite its low P/E ratio, Farmer Mac is valued higher than top-notch companies like Toll Brothers and Apple according to the dividend discount model. Why? Because. I estimate that Farmer Mac's "normal" dividend for DDM valuation purposes is around $10 per share. |
seekingalpha.com |
2023-11-21 23:30:35 |
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Farmer Mac: A Lot To Like About It |
Federal Agricultural Mortgage Corporation (Farmer Mac) provides loans to farmers, agriculture-related businesses, and rural infrastructure projects, backed by the Federal Government. The company has a strong dividend growth history and even though it currently yields less than bonds, its stock has outperformed the bond market significantly in the past 10 years. Farmer Mac benefits from the increasing usage of advanced technology in the agricultural industry and the growth of renewable energy generation on farmland. |
seekingalpha.com |
2023-10-23 22:09:21 |
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Farmer Mac to Announce Third Quarter 2023 Financial Results |
WASHINGTON , Oct. 23, 2023 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter ended September 30, 2023, on Monday, November 6, 2023, after the closing of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m. |
prnewswire.com |
2023-10-23 20:30:00 |
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Farmer Mac: This 'Hold Forever' Stock Keeps Purring |
Farmer Mac has generated a total return of 131% over the past four years, double the S&P 500 return. Q2 earnings for Farmer Mac increased by 24% compared to the previous year, with stable interest margins and strong credit quality. The company has growth opportunities in renewable energy, a competitive advantage to drive market share growth, and excess capital that can be used for dividend growth. |
seekingalpha.com |
2023-08-09 18:51:58 |
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Farmer Mac: Solid Fundamentals Supported By Well-Covered Dividend |
Federal Agricultural Mortgage Corporation has a strong track record with low loan losses and a stable income stream. The company has seen consistent growth, with a compound annual growth rate of 10% in outstanding business volume from 2000 to 2022, and a 7% CAGR during the pandemic. Farmer Mac's federal charter gives it a competitive edge, enabling it to navigate interest rate risks and maintain low loan default losses. It also benefits from farm subsidy programs. |
seekingalpha.com |
2023-07-21 18:12:45 |
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Farmer Mac: A Safe, Dividend Growth Play With A Long Growth Runway |
Farmer Mac has outstanding loan loss rates. Furthermore, the federal government's support of agricultural businesses also mitigates potential loan losses. The company just posted a record-breaking Q1 and has a long growth runway. |
seekingalpha.com |
2023-07-16 11:00:00 |
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Farmer Mac: Favorable Macro Tailwinds For Renewal Of The Rural Economy |
In the past year, the Federal Agricultural Mortgage Corporation has experienced better price growth than both the S&P 500 and the agricultural producer ETF. This reflects YoY 22.92% revenue growth, to $524.45mn, alongside a 30.90% growth in net income to $178.14mn. |
seekingalpha.com |
2023-05-17 20:53:55 |
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Farmer Mac Reports First Quarter 2023 Results |
- Outstanding Business Volume of $26.5 Billion - WASHINGTON , May 9, 2023 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced its results for the fiscal quarter ended March 31, 2023. "We delivered another strong quarter, with new all-time records achieved for revenue, earnings, and net effective spread," said President and CEO, Brad Nordholm. |
prnewswire.com |
2023-05-09 20:05:00 |
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Farmer Mac Closes $283.6 Million Securitization of Agricultural Mortgage-Backed Securities (AMBS) |
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, announced today that it has completed a $283.6 million securitization of agricultural mortgage loans. |
prnewswire.com |
2023-02-23 18:15:00 |
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Farmer Mac Wins Top Workplaces USA Award |
WASHINGTON , Feb. 8, 2023 /PRNewswire/ -- Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it has won a 2023 Top Workplaces USA national award, the respected employer recognition program that celebrates organizations across the country that have built exceptional workplace cultures. Top Workplaces USA award recipients are determined by the results of an anonymous, research-based employee survey conducted by an independent firm. |
prnewswire.com |
2023-02-08 18:15:00 |
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Farmer Mac Wins Four National Top Workplaces Culture Excellence Awards |
WASHINGTON , Oct. 26, 2022 /PRNewswire/ -- Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, today announced that it has earned four Culture Excellence awards issued by Energage, a research company that conducts the national Top Workplaces recognition program. The awards were determined by the results of an employee survey conducted by Energage that measured engagement across multiple categories. |
prnewswire.com |
2022-10-26 20:15:00 |
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