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Friday, September 29, 2023

It’s Not Over Yet For SLM Corporation (NASDAQ: SLM)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for SLM Corporation (SLM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.41, or 2.87%, to $14.71. The SLM Corporation has recorded 24,576 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Sallie Mae CEO Jon Witter to Present at 2023 Barclays Global Financial Services Conference.

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Stocks Info

SLM Corporation is listed on the NASDAQ as a member of the Financial sector and is a part of the Credit Services industry. At the end of the last regular session, the stock closed at $14.30 and fluctuated between $14.57 as its day high and $14.26 as its day low. The current market capitalization of SLM Corporation is $3.14B. A total of 1.45 million shares were traded on the day, compared to an average of 1.79M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, SLM has seen 13 BUY and 2 SELL insider trades, representing the acquisition of 86,590 and the disposition of 32,229 shares. Over the last 12 months, there were 32 BUYs and 31 SELLs from insiders. Insiders purchased 1,098,826 shares during that period but sold 458,225.

In the most recent transaction, Jafarieh Nicolas sold 7,500 shares of SLM for 16.12 per share on Jul 31. After the transaction, the EVP -Legal, Govt, Comm Officer now owns 162,664 company shares.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. SLM Corporation pays an annual dividend of $0.44, resulting in a dividend yield of 3.08%, and it has a price to earnings (P/E) ratio of 9.38. SLM’s most recent ex-dividend date was 8/31/2023 when it declared a $0.11 quarterly dividend that was paid in cash on 9/15/2023. Previously, the company paid the dividend on 6/15/2023 with an ex-dividend date of 6/1/2023. The SLM stock dividend was $0.11 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for SLM in the last 3 months, the mean price target is $18.41 with high estimates of $20.00 and low estimates of $16.00. In terms of 52-week highs and lows, SLM has a high of $17.92 and a low of $10.81.

As of this writing, SLM has an earnings estimate of $0.41 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.62 per share and a lower estimate of -$0.03. The company reported an EPS of $0.47 in the last quarter, which was 34.30% higher than expectations of $0.35.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $6.62, while its Total Shareholder’s Equity was $2.15B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SLM is Buy with a score of 4.13.

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