SLM (NASDAQ:SLMBP) Shares Up 0.1% – Time to Buy?

SLM Co. (NASDAQ:SLMBP) shares traded up 0.1% during mid-day trading on Friday . The stock traded as high as $73.70 and last traded at $74.09. 1,656 shares were traded during mid-day trading, a decline of 72% from the average session volume of 6,005 shares. The stock had previously closed at $74.00.

Analysts Set New Price Targets

SLMBP has been the subject of several analyst reports. UBS Group set a $40.00 price target on shares of SLM in a research report on Friday. Cowen reiterated a “buy” rating on shares of SLM in a research note on Friday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $40.00.

SLM Trading Up 0.1%

The company’s 50 day moving average price is $75.25 and its 200 day moving average price is $75.72.

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

SLM Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Thursday, December 4th will be issued a dividend of $1.5122 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $6.05 dividend on an annualized basis and a dividend yield of 8.2%.

About SLM

SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It is also involved in the provision of retail deposit accounts, including certificates of deposit, money market accounts, and high-yield savings accounts; and interest-bearing omnibus accounts.