SLM Corporation (SLM)

NASDAQ: SLM · IEX Real-Time Price · USD
16.97
0.35 (2.11%)
May 16, 2022 4:00 PM EDT - Market closed
Market Cap4.57B
Revenue (ttm)1.39B
Net Income (ttm)643.31M
Shares Out269.21M
EPS (ttm)2.15
PE Ratio7.91
Forward PE5.37
Dividend$0.28 (1.65%)
Ex-Dividend DateJun 2, 2022
Volume2,409,049
Open16.57
Previous Close16.62
Day's Range16.33 - 17.08
52-Week Range15.34 - 21.40
Beta1.23
AnalystsBuy
Price Target23.92 (+41.0%)
Earnings DateApr 27, 2022

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 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. It serves students and families through financial aid, federal loans, and student and family resources. The company was formerly known as New BLC Corporation and changed its na...

IndustryConsumer Finance
Founded1972
CEORaymond Quinlan
Employees1,450
Stock ExchangeNASDAQ
Ticker SymbolSLM
Full Company Profile

Financial Performance

In 2021, SLM's revenue was $2.06 billion, an increase of 19.90% compared to the previous year's $1.72 billion. Earnings were $1.16 billion, an increase of 31.77%.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for SLM stock is "Buy." The 12-month stock price forecast is 23.92, which is an increase of 40.95% from the latest price.

Price Target
$23.92
(40.95% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Here's Why You Should Hold Sallie Mae (SLM) in Your Portfolio

Long-term secular growth trends in the private student lending industry aid Sallie Mae (SLM). Yet, given its unsound liquidity position, capital deployments might be unsustainable.

1 week ago - Zacks Investment Research

Sallie Mae (SLM) Q1 Earnings Lag Estimates, NII and Loans Rise

While a higher net interest income drives Sallie Mae's (SLM) Q1 results, muted fee income and increased expenses act as spoilsports.

2 weeks ago - Zacks Investment Research

Sallie Mae (SLM) Misses Q1 Earnings Estimates

Sallie Mae (SLM) delivered earnings and revenue surprises of -40.26% and 1.60%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

2 weeks ago - Zacks Investment Research

Sallie Mae Reports First-Quarter 2022 Financial Results

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released first-quarter 2022 financial results. Highlights of those results are included in the attached supplemen...

2 weeks ago - Business Wire

Sallie Mae Declares Dividends on Preferred Stock Series B and Common Stock

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced a 2022 second-quarter dividend on its Preferred Stock Series B of $0.6605370 per share. The company al...

3 weeks ago - Business Wire

Earnings Preview: Sallie Mae (SLM) Q1 Earnings Expected to Decline

Sallie Mae (SLM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Sallie Mae to Release First-Quarter Financial Results on April 27

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM) will release first-quarter financial results after market close on Wednesday, April 27, 2022. The earnings release will be available through Sall...

1 month ago - Business Wire

Sallie Mae Names William Wolf Chief People Officer

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, has named William Wolf, Chief People Officer. Wolf will oversee all facets of Sallie Mae's Human Resources function. H...

1 month ago - Business Wire

Best Income Stocks to Buy for March 21st

BKE, TGH, and SLM made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 21, 2022.

Other symbols:BKETGH
1 month ago - Zacks Investment Research

Here Are 6 Reasons Why Sallie Mae (SLM) Stock Is Worth Buying

Sallie Mae's (SLM) dominant position as an education loan provider, its cost reduction efforts and solid earnings growth projections make it worth betting on.

2 months ago - Zacks Investment Research

Why Is Sallie Mae (SLM) Up 9.1% Since Last Earnings Report?

Sallie Mae (SLM) reported earnings 30 days ago. What's next for the stock?

2 months ago - Zacks Investment Research

Here's Why Sallie Mae (SLM) is a Great Momentum Stock to Buy

Does Sallie Mae (SLM) have what it takes to be a top stock pick for momentum investors? Let's find out.

2 months ago - Zacks Investment Research

2 Consumer Loan Stocks to Buy Despite Industry Challenges

Weak consumer sentiments and relatively lower rates hurt the interest income of Zacks Consumer Loans industry players. Yet, robust asset quality and efforts to digitize operations will aid consumer loan...

Other symbols:ENVA
2 months ago - Zacks Investment Research

Sallie Mae Sets Date for Annual Meeting of Stockholders

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM) formally SLM Corporation, today announced its 2022 annual meeting of stockholders will take place on June 21, 2022, at 1 p.m. ET. The annual meet...

2 months ago - Business Wire

Sallie Mae Chief Financial Officer to Present at 2022 RBC Capital Markets Global Financial Institutions Conference

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM) today announced CFO Steven McGarry will speak at the 2022 RBC Capital Markets Global Financial Institutions Conference on Tuesday, March 8, at 2 ...

2 months ago - Business Wire

New Research Shows College-Bound Families Strongly Believe in the Value of College, but Lack Confidence and Understan...

NEWARK, Del.--(BUSINESS WIRE)--Eight in ten college-bound juniors and seniors (81%) view higher education as a path to better opportunities, yet fewer than half (42%) of families feel confident about fi...

3 months ago - Business Wire

Sallie Mae Chief Executive Officer to Present at Credit Suisse Financial Services Forum

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM) today announced CEO Jon Witter will speak at the Credit Suisse Financial Services Forum on Thursday, Feb. 17, at 3:30 p.m. ET. A live audio webca...

3 months ago - Business Wire

Sallie Mae (SLM) Tops on Q4 Earnings, To Buy Nitro College

While a higher fee income drives Sallie Mae's (SLM) Q4 results, muted net interest income and increased expenses act as spoilsports.

3 months ago - Zacks Investment Research

Sallie Mae (SLM) Q4 Earnings Beat Estimates

Sallie Mae (SLM) delivered earnings and revenue surprises of 3.96% and 3.81%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Sallie Mae Reports Fourth-Quarter and Full-Year 2021 Financial Results

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released fourth-quarter and full-year 2021 financial results. Highlights of those results are included in the att...

3 months ago - Business Wire

Sallie Mae Agrees to Acquire Nitro College, a Delaware-based Digital Marketing and Education Solutions Company

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today announced it has entered into a definitive agreement with Epic Research LLC to acquire Delaware-based Nitro Colle...

3 months ago - Business Wire

Here's Why Sallie Mae (SLM) Could be Great Choice for a Bottom Fisher

After losing some value lately, a hammer chart pattern has been formed for Sallie Mae (SLM), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisio...

3 months ago - Zacks Investment Research

Analysts Estimate Sallie Mae (SLM) to Report a Decline in Earnings: What to Look Out for

Sallie Mae (SLM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

Sallie Mae Awards Nearly $250,000 in Scholarships to Help High School Seniors Access Higher Education

NEWARK, Del.--(BUSINESS WIRE)--The Sallie Mae Fund, the charitable arm of Sallie Mae®, in partnership with Thurgood Marshall College Fund, today announced the latest recipients of the Bridging the Dream...

3 months ago - Business Wire

Sallie Mae to Release Fourth-Quarter and Full-Year 2021 Financial Results on Jan. 26

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM) will release fourth-quarter and full-year 2021 financial results after market close on Wednesday, Jan. 26, 2022. The earnings release will be ava...

4 months ago - Business Wire