SLMBP Overview

Wells Fargo Coverage: On December 11, 2025, Wells Fargo maintained an Overweight recommendation for SLM Corporation - Preferred Stock (NasdaqGS:SLMBP), with an average one-year price target of $87.37/share, indicating a potential upside of 16.25% from its recent closing price of $75.15/share.

Projected Revenue and EPS: SLM Corporation's projected annual revenue is estimated at $1,731 million, reflecting an 18.51% increase, with a projected non-GAAP EPS of 3.19.

Fund Sentiment Changes: There has been a decrease in institutional ownership of SLM Corporation - Preferred Stock, with 10 funds reporting positions, down by 9.09% from the previous quarter, while the average portfolio weight increased by 2.69%.

Shareholder Activity: Various funds have adjusted their holdings in SLMBP, with some decreasing their allocations significantly, while Atlas Wealth increased its holdings by 21.08%, indicating mixed sentiment among shareholders.

SLMBP Performance: The one-year performance of SLMBP shares is compared to SLM shares, with SLMBP currently trading flat while SLM shares are down approximately 14.2%.

Dividend History: A chart detailing the historical dividend payments for SLM Corp.'s Floating-Rate Non-Cumulative Preferred Stock, Series B, is provided.

Current Trading Status: On Tuesday, SLMBP shares are noted to be stable, contrasting with the decline in common shares of SLM.

Author's Views: The opinions expressed in the article are those of the author and do not necessarily represent the views of Nasdaq, Inc.

Wells Fargo Coverage: On October 24, 2025, Wells Fargo maintained an Overweight recommendation for SLM Corporation - Preferred Stock (NasdaqGS:SLMBP), with an average one-year price target of $107.76/share, indicating a potential upside of 42.69% from its current price of $75.52/share.

Projected Financials: SLM Corporation is projected to have an annual revenue of $1,731 million, reflecting an 18.51% increase, with a non-GAAP EPS forecast of 3.19.

Fund Sentiment: Ten funds reported positions in SLM Corporation - Preferred Stock, with a slight increase in total shares owned by institutions by 0.62% to 933K shares, while the average portfolio weight dedicated to SLMBP rose by 4.01%.

Shareholder Activity: Several funds, including PFFA and PFF, reported decreases in their holdings of SLMBP, while Atlas Wealth increased its allocation by 2.05%, indicating mixed sentiment among institutional investors.

Analyst Recommendation: RBC Capital maintains an "Outperform" rating for SLM Corporation - Preferred Stock (NasdaqGS:SLMBP) with a projected price target of $107.76/share, indicating a potential upside of 42.69% from its current price of $75.52/share.

Revenue and Earnings Projections: SLM Corporation is expected to generate annual revenue of $1,731 million, reflecting an 18.51% increase, with a projected non-GAAP EPS of 3.19.

Institutional Holdings: Ten funds report positions in SLM Corporation - Preferred Stock, with a slight increase in total shares owned by institutions over the last three months, despite some funds reducing their allocations.

Shareholder Activity: Several funds, including PFFA and PFF, have decreased their holdings in SLMBP, while Atlas Wealth has increased its position, indicating mixed sentiment among shareholders.

Morgan Stanley's Recommendation: On October 24, 2025, Morgan Stanley maintained an Overweight recommendation for SLM Corporation - Preferred Stock (NasdaqGS:SLMBP), with an average one-year price target of $107.76/share, indicating a potential upside of 42.69% from its current price of $75.52/share.

Projected Financials: SLM Corporation is projected to have an annual revenue of $1,731 million, reflecting an 18.51% increase, with a non-GAAP EPS forecast of 3.19.

Institutional Holdings: Ten funds reported positions in SLM Corporation - Preferred Stock, with a slight increase in total shares owned by institutions to 933K shares, while the average portfolio weight dedicated to SLMBP rose by 4.01% to 1.24%.

Shareholder Activity: Several funds, including Virtus InfraCap U.S. Preferred Stock ETF and iShares Preferred and Income Securities ETF, reported decreases in their holdings of SLMBP, while Atlas Wealth increased its allocation by 2.05%.

Management Insights: SLM Corporation reported a successful Q3 2025 with a GAAP diluted EPS of $0.63 and loan originations of $2.9 billion, reflecting growth in private student lending. CEO Jonathan Witter expressed optimism about the company's long-term outlook and upcoming strategic partnerships.

Financial Performance: The company achieved $373 million in net interest income, a year-over-year increase, while provisions for credit losses decreased significantly to $179 million. Noninterest expenses rose slightly but remained aligned with guidance.

Outlook and Guidance: SLM updated its GAAP EPS guidance for 2025 to a range of $3.20 to $3.30, reaffirming confidence in loan originations and credit stability despite economic uncertainties. Management plans to sell seasoned loans and recent originations in the near future.

Analyst Sentiment: Analysts expressed concerns about rising delinquencies and credit quality, shifting from a previously optimistic tone to a more cautious outlook. Management maintained confidence in their strategy and credit performance, emphasizing stability and flexibility in their operations.