FY2025 EPS Estimate for Synovus Financial Boosted by Analyst

Synovus Financial Corp. (NYSE:SNV - Free Report) - DA Davidson raised their FY2025 earnings estimates for shares of Synovus Financial in a research note issued on Monday, April 21st. DA Davidson analyst G. Tenner now expects that the bank will post earnings of $5.07 per share for the year, up from their previous forecast of $4.76. DA Davidson currently has a "Buy" rating and a $60.00 target price 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 FY2026 earnings at $5.48 EPS.

Synovus Financial (NYSE:SNV - Get Free Report) last posted its earnings results on Wednesday, April 16th. The bank reported $1.30 earnings per share (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 analysts' expectations of $572.35 million. Synovus Financial had a return on equity of 14.70% and a net margin of 14.05%.

Other research analysts have also issued reports about the company. Barclays lowered their price target on Synovus Financial from $66.00 to $60.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price target on shares of Synovus Financial from $54.00 to $50.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Royal Bank of Canada decreased their price objective on shares of Synovus Financial from $64.00 to $52.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. Morgan Stanley decreased their price target on Synovus Financial from $67.00 to $59.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, Raymond James lowered shares of Synovus Financial from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Synovus Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.17.

Synovus Financial Trading Up 0.2 %

Shares of SNV traded up $0.09 during trading on Wednesday, reaching $43.15. 247,955 shares of the company traded hands, compared to its average volume of 1,415,400. The stock has a 50-day simple moving average of $45.38 and a 200-day simple moving average of $50.73. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.37. Synovus Financial has a twelve month low of $35.74 and a twelve month high of $59.92. The stock has a market cap of $6.08 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 1.11 and a beta of 1.16.

Synovus Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 20th were paid a dividend of $0.39 per share. This is a boost from Synovus Financial's previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Thursday, March 20th. Synovus Financial's dividend payout ratio is 43.70%.

Institutional Investors Weigh In On Synovus Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Colonial Trust Co SC raised its stake in Synovus Financial by 554.4% during the fourth quarter. Colonial Trust Co SC now owns 589 shares of the bank's stock valued at $30,000 after buying an additional 499 shares in the last quarter. Keystone Financial Group Inc. bought a new stake in Synovus Financial during the fourth quarter valued at $37,000. Jones Financial Companies Lllp raised its holdings in shares of Synovus Financial by 72.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,095 shares of the bank's stock worth $56,000 after purchasing an additional 461 shares during the period. V Square Quantitative Management LLC lifted its position in shares of Synovus Financial by 69.3% in the 4th quarter. V Square Quantitative Management LLC now owns 1,138 shares of the bank's stock worth $58,000 after buying an additional 466 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new position in shares of Synovus Financial in the 4th quarter valued at about $59,000. Institutional investors own 83.85% of the company's stock.

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.