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Federal Agricultural Mortgage (AGM) Crumbles: Stock Falls by 7.8%

Zacks Equity Research

Federal Agricultural Mortgage Corp. (AGM) saw a big move last session, as the company’s shares fell by nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session.  This continues the recent downtrend for AGM, as the stock is now down 8.6% since Apr 29.

Federal Agricultural Mortgage has seen flat track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

AGM currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the finance sector include Ameris Bancorp (ABCB), Atlas Financial Holdings, Inc. (AFH) and Aspen Insurance Holdings Ltd. (AHL). All of these stocks hold a Zacks Rank #1 (Strong Buy).

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FEDERAL AGRIC MTG CORP (AGM): Free Stock Analysis Report

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