SLM Co. (NASDAQ:SLMBP) Short Interest Update

SLM Co. (NASDAQ:SLMBP) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 21,956 shares, a growth of 90.2% from the November 30th total of 11,542 shares. Based on an average daily trading volume, of 7,335 shares, the short-interest ratio is presently 3.0 days. Based on an average daily trading volume, of 7,335 shares, the short-interest ratio is presently 3.0 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SLMBP shares. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of SLM in a research report on Wednesday, December 10th. Cowen restated a “buy” rating on shares of SLM in a report on Friday, December 5th. Finally, UBS Group set a $40.00 target price on SLM in a research note on Friday, December 5th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

SLM Trading Down 0.2%

NASDAQ SLMBP traded down $0.14 during trading hours on Monday, reaching $73.80. The company had a trading volume of 1,648 shares, compared to its average volume of 6,042. The stock has a 50-day moving average of $75.06 and a 200 day moving average of $75.40. SLM has a 1-year low of $65.50 and a 1-year high of $83.15.

SLM (NASDAQ:SLMBP) last issued its earnings results on Monday, February 14th. The company reported $1.15 earnings per share for the quarter. The firm had revenue of ($3.44) million during the quarter.

SLM Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Thursday, December 4th were given a $1.5122 dividend. This represents a $6.05 annualized dividend and a yield of 8.2%. The ex-dividend date was Thursday, December 4th.

SLM Company Profile

SLM Corporation, doing business as Sallie Mae, is a U.S.-based provider of private student loans, servicing, and banking products. The company specializes in originating and servicing education loans for undergraduate, graduate and professional students, as well as career and technical training programs. In addition to its core student lending business, Sallie Mae offers deposit products, credit cards and digital tools designed to help customers manage personal finances and plan for higher-education expenses.

Sallie Mae’s product suite includes fixed- and variable-rate private student loans, graduate student loans, parent loans and career training loans.