Dividend And Share BuybackSLM increased the quarterly dividend from $0.11/sh to $0.13/sh and repurchased 5.3 million shares for ~$115 million.
Financial PerformanceAnalyst maintains an OUTPERFORM rating based on SLM's high market share of private education loan originations at 55%, strong borrower quality with an average FICO of 754, and accretive strategy of selling loans & buying back stock.
Market Share OpportunitiesSLM successfully gained a significant portion of DFS's market share, despite some challenges in loan yields.