DA Davidson Boosts Earnings Estimates for Synovus Financial

Synovus Financial Corp. (NYSE:SNV - Free Report) - Research analysts at DA Davidson upped their Q2 2025 EPS estimates for shares of Synovus Financial in a report issued on Friday, June 27th. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings of $1.22 per share for the quarter, up from their previous estimate of $1.21. DA Davidson has a "Buy" rating and a $60.00 price target on the stock. The consensus estimate for Synovus Financial's current full-year earnings is $4.89 per share. DA Davidson also issued estimates for Synovus Financial's FY2025 earnings at $5.17 EPS and FY2026 earnings at $5.51 EPS.

Several other equities research analysts have also recently issued reports on SNV. Jefferies Financial Group started coverage on shares of Synovus Financial in a research note on Wednesday, May 21st. They set a "hold" rating and a $55.00 target price on the stock. Stephens lowered their target price on shares of Synovus Financial from $52.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. lowered their target price on shares of Synovus Financial from $54.00 to $50.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Morgan Stanley lowered their price target on shares of Synovus Financial from $67.00 to $59.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Finally, Truist Financial initiated coverage on shares of Synovus Financial in a research report on Tuesday, May 13th. They set a "buy" rating and a $56.00 price target on the stock. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Synovus Financial has an average rating of "Moderate Buy" and a consensus price target of $56.56.

Synovus Financial Price Performance

Shares of NYSE SNV opened at $51.75 on Monday. The firm has a market cap of $7.19 billion, a PE ratio of 14.49, a PEG ratio of 1.00 and a beta of 1.18. The firm has a fifty day moving average of $47.20 and a 200 day moving average of $48.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.88. Synovus Financial has a one year low of $35.94 and a one year high of $59.92.

Synovus Financial (NYSE:SNV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The bank reported $1.30 EPS for the quarter, topping the consensus estimate of $1.11 by $0.19. The company had revenue of $573.24 million during the quarter, compared to analyst estimates of $572.35 million. Synovus Financial had a net margin of 16.19% and a return on equity of 15.87%.

Synovus Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Thursday, June 19th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.56 annualized dividend and a dividend yield of 3.01%. Synovus Financial's payout ratio is currently 43.70%.

Institutional Investors Weigh In On Synovus Financial

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sound View Wealth Advisors Group LLC lifted its holdings in shares of Synovus Financial by 3.1% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 7,941 shares of the bank's stock worth $407,000 after acquiring an additional 241 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Synovus Financial by 0.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 51,606 shares of the bank's stock valued at $2,412,000 after buying an additional 249 shares during the last quarter. State of Michigan Retirement System boosted its stake in shares of Synovus Financial by 0.9% during the 1st quarter. State of Michigan Retirement System now owns 33,804 shares of the bank's stock valued at $1,580,000 after buying an additional 300 shares during the last quarter. Greenleaf Trust boosted its stake in shares of Synovus Financial by 5.2% during the 1st quarter. Greenleaf Trust now owns 6,425 shares of the bank's stock valued at $300,000 after buying an additional 318 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Synovus Financial by 4.8% during the 4th quarter. M&T Bank Corp now owns 7,265 shares of the bank's stock valued at $372,000 after buying an additional 331 shares during the last quarter. 83.85% of the stock is currently owned by hedge funds and other institutional investors.

Synovus Financial Company Profile

Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services. It operates through four segments: Community Banking, Wholesale Banking, Consumer Banking, and Financial Management Services. The company's commercial banking services include treasury and asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate lending services.

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