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Federal Agricultural ( (AGM) ) has provided an announcement.
On May 12, 2026, Farmer Mac priced a $100 million offering of 6.875% Non-Cumulative Preferred Stock, Series I, consisting of 4,000,000 shares with a par and liquidation value of $25 per share, and expects approximately $97 million in net proceeds before expenses. The non-convertible preferred issue, offered under an exemption from registration available to Farmer Mac as a U.S. government instrumentality, is scheduled to settle on May 19, 2026, and will provide additional capital for general corporate purposes, potentially strengthening the company’s funding flexibility and balance sheet.
Also on May 12, 2026, Farmer Mac announced the pricing of this preferred stock transaction via a press release, underscoring its continued use of capital markets to support its agricultural finance mandate. The offering terms, including a relatively high fixed dividend rate and non-cumulative feature, reflect investor demand for yield and regulatory considerations for hybrid capital instruments, with implications for both income-focused investors and Farmer Mac’s long-term capital structure management.
The most recent analyst rating on (AGM) stock is a Buy with a $228.00 price target. To see the full list of analyst forecasts on Federal Agricultural stock, see the AGM Stock Forecast page.
Spark’s Take on AGM Stock
According to Spark, TipRanks’ AI Analyst, AGM is a Outperform.
AGM scores well on valuation and shows strong technical momentum, reinforced by a positive earnings call with record results and constructive growth guidance. The main limiter is financial risk from extremely high leverage and multi-year volatility in revenue/margins/cash flows, with some emerging credit-quality headwinds noted on the call.
To see Spark’s full report on AGM stock, click here.
More about Federal Agricultural
Federal Agricultural Mortgage Corporation, known as Farmer Mac, is a Congressionally chartered corporation that operates as an instrumentality of the United States, providing financing solutions to the agricultural sector. By accessing capital markets through preferred and other debt offerings, it supports liquidity and funding for agricultural lending and rural infrastructure finance across the U.S.
Average Trading Volume: 117,637
Technical Sentiment Signal: Buy
Current Market Cap: $1.92B
Learn more about AGM stock on TipRanks’ Stock Analysis page.