SLM Co. (NASDAQ:SLMBP) Short Interest Update

SLM Co. (NASDAQ:SLMBP) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 11,087 shares, a decline of 26.7% from the February 26th total of 15,129 shares. Based on an average daily volume of 3,489 shares, the days-to-cover ratio is presently 3.2 days.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. TD Cowen reaffirmed a “buy” rating on shares of SLM in a research report on Friday, December 5th. Bank of America reissued a “buy” rating on shares of SLM in a report on Monday, March 9th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of SLM in a report on Wednesday, December 10th. Finally, UBS Group set a $40.00 price objective on shares of SLM in a research report on Friday, December 5th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

SLM Stock Performance

SLMBP stock traded up $0.31 during trading on Monday, hitting $75.10. The company had a trading volume of 731 shares, compared to its average volume of 3,612. The business has a 50 day moving average of $74.88 and a 200 day moving average of $74.88. SLM has a fifty-two week low of $65.50 and a fifty-two week high of $83.15.

SLM Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Thursday, March 5th were given a dividend of $1.4327 per share. This represents a $5.73 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date was Thursday, March 5th.

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.