SLM Co. (NASDAQ:SLMBP) Short Interest Update

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

Wall Street Analysts Forecast Growth

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

SLM Price Performance

Shares of SLMBP opened at $75.10 on Tuesday. The firm has a fifty day moving average of $74.88 and a 200-day moving average of $74.88. SLM has a 1 year low of $65.50 and a 1 year high of $83.15.

SLM Cuts Dividend

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

About SLM

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.