SLM Co. (NASDAQ:SLM – Get Rating) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $15.01 and last traded at $15.01, with a volume of 97475 shares traded. The stock had previously closed at $17.15.
Several research firms have recently weighed in on SLM. StockNews.com began coverage on SLM in a research report on Thursday, March 31st. They set a “hold” rating for the company. Stephens downgraded SLM from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $24.00 to $19.00 in a research report on Monday, April 18th. Finally, Citigroup decreased their target price on SLM from $26.00 to $21.00 in a research report on Monday, May 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $23.00.
The stock has a market cap of $3.95 billion, a PE ratio of 6.88 and a beta of 1.21. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 3.10. The firm has a 50 day moving average price of $17.59 and a 200 day moving average price of $18.40.
SLM (NASDAQ:SLM – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The credit services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.35). The firm had revenue of $375.03 million for the quarter, compared to analysts’ expectations of $375.59 million. SLM had a net margin of 31.67% and a return on equity of 34.38%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.77 EPS. Equities analysts forecast that SLM Co. will post 2.89 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Friday, June 3rd were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $0.44 annualized dividend and a dividend yield of 3.00%. SLM’s dividend payout ratio is currently 20.28%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Counterpoint Mutual Funds LLC acquired a new stake in SLM in the fourth quarter worth about $28,000. Quent Capital LLC acquired a new position in SLM in the fourth quarter valued at approximately $41,000. Whittier Trust Co. lifted its holdings in SLM by 600.0% in the fourth quarter. Whittier Trust Co. now owns 2,625 shares of the credit services provider’s stock valued at $52,000 after acquiring an additional 2,250 shares during the period. Ahrens Investment Partners LLC acquired a new position in SLM in the first quarter valued at approximately $58,000. Finally, Parkside Financial Bank & Trust lifted its holdings in SLM by 22.4% in the first quarter. Parkside Financial Bank & Trust now owns 6,711 shares of the credit services provider’s stock valued at $123,000 after acquiring an additional 1,226 shares during the period. Institutional investors own 92.97% of the company’s stock.
SLM Company Profile (NASDAQ: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 also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans.
See Also
Receive News & Ratings for SLM Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for SLM and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
