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Federal Agricultural Mortgage (AGM) Company Profile

Updated Sep 9, 2019
Federal Agricultural Mortgage has the following business profile:
Company's Full Name:Federal Agricultural Mortgage Corporation
Short Name:Federal Agricultural Mortgage
Trading Ticker Symbol:AGM
Primary Exchange:NYSE
Headquarter City/Country:District of Columbia, DC
Primary Industry Sector:Finance
Seconday Sub-sector:Finance Companies
Main Business Areas: Finance, Finance Companies, Financial Services, Credit Services
Dividend Payments:Dividend History

Market and Trading Information for Federal Agricultural Mortgage

The following details were available for trading and market data about the stock of Federal Agricultural Mortgage as of writing:
Current Share Price:$83.94
Previous Year's Closing Price:$60.44
Percentage Price Change (YTD):38.88%
Market Cap:$899.33 million
52-week Price Range:$55.64 - $84.51
Dividend Per Share:$2.56
EPS (TTM):8.94
Price-Earnings (Trailing):9.39
Price-Earnings (Forward):8.92

Company Profile and Business Description for Federal Agricultural Mortgage

Federal Agricultural Mortgage Corporation (Farmer Mac), incorporated in 1987, provides a secondary market for a range of loans made to borrowers in rural America. The Company's segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans. The loans eligible for the secondary market provided by Farmer Mac include mortgage loans secured by first liens on agricultural real estate, including part-time farms and rural housing (comprising the assets eligible for the Farm & Ranch line of business); agricultural and rural development loans guaranteed by the United States Department of Agriculture (USDA) (comprising the assets eligible for the USDA Guarantees line of business), and loans made by lenders organized as cooperatives to finance electrification and telecommunications systems in rural areas (comprising the assets eligible for the Rural Utilities line of business).

Farm & Ranch

The Company purchases eligible mortgage loans secured by first liens on agricultural real estate and rural housing under the Farm & Ranch line of business. Farmer Mac guarantees securities representing interests in eligible Farm & Ranch loans or participation interests in those loans held by a trust or other entity. Farmer Mac also purchases, subject to the terms of the applicable LTSPC agreement, eligible Farm & Ranch mortgage loans. Farmer Mac includes its part-time farm loans and rural housing loans in the Farm & Ranch line of business. As of December 31, 2016, Farmer Mac had 638 approved lenders eligible to participate in Farmer Mac's Farm & Ranch line of business, ranging from single-office to multi-branch institutions, spanning community banks, Farm Credit System (FCS) institutions, mortgage companies, commercial banks, and insurance companies.

USDA Guarantees

Farmer Mac II LLC, a subsidiary of Farmer Mac, purchases the portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the USDA. Farmer Mac refers to the USDA-guaranteed portions of loans as USDA Securities. Farmer Mac II LLC also purchases USDA Securities in exchange for issuing securities to third-parties backed by the USDA Securities, which are also guaranteed by Farmer Mac (Farmer Mac Guaranteed USDA Securities).

Rural Utilities

Under the Rural Utilities line of business, Farmer Mac purchases, and guarantees securities backed by, rural electric and telephone loans made by lenders organized as cooperatives to borrowers. Farmer Mac's Rural Utilities line of business includes purchases of eligible rural utilities loans and guarantees of securities backed by the loans, as well as the issuance of LTSPCs for pools of eligible rural utilities loans.

Institutional Credit

Under the Institutional Credit line of business, Farmer Mac provides advances against eligible loans by guaranteeing and purchasing general obligations of institutions approved by Farmer Mac, which obligations are also secured by a pool of guaranteed securities or the types of loans eligible for an over one of Farmer Mac's other lines of business. AgVantage is a trademark of Farmer Mac used to designate Farmer Mac's guarantees of securities related to these general obligations of lenders that are secured by pools of eligible loans and that comprise the Institutional Credit line of business.

The Company competes with Federal Home Loan Banks, Fannie Mae and Freddie Mac.

1999 K St NW Fl 4

Peer / Competitor Companies of Finance Companies Sector

Along with Federal Agricultural Mortgage Corporation, the following other peer (competitor) companies also exist within the same Finance Companies - Finance sector whose company profile and dividend history is as follows:

▶ Asta Funding (ASFI): Asta Funding, Inc., incorporated on August 2, 1995, operates in the financial services industry. The Company is primarily engaged in the businesses of acquiring, managing, servicing and recovering on portfolios ....See Detailed Company Profile  and Dividend History.

▶ CPI Card (PMTS): CPI Card Group Inc., together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through U.S. Debit and ....See Detailed Company Profile  and Dividend History.

▶ Encore Capital (ECPG): Encore Capital Group, Inc., incorporated on April 29, 1999, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of ....See Detailed Company Profile  and Dividend History.

▶ Nicholas Financial (NICK): Nicholas Financial, Inc. (Nicholas Financial-Canada), incorporated on July 23, 1990, is a holding company. The Companys business activities are conducted through its subsidiary, Nicholas Financial, Inc. (Nicholas Financial). Nicholas Financial ....See Detailed Company Profile  and Dividend History.

▶ Plumas Bancorp (PLBC): Plumas Bancorp, incorporated on January 17, 2002, is a bank holding company. The Companys primary subsidiary is Plumas Bank. The Bank is a California state-chartered bank. The Federal Deposit Insurance ....See Detailed Company Profile  and Dividend History.

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