Equities Analysts Offer Predictions for Synovus Financial Corp.'s FY2025 Earnings (NYSE:SNV)

Synovus Financial Corp. (NYSE:SNV - Free Report) - Investment analysts at DA Davidson lowered their FY2025 earnings per share estimates for shares of Synovus Financial in a note issued to investors on Monday, April 22nd. DA Davidson analyst G. Tenner now forecasts that the bank will earn $4.39 per share for the year, down from their previous forecast of $4.57. DA Davidson has a "Buy" rating and a $43.00 price objective on the stock. The consensus estimate for Synovus Financial's current full-year earnings is $3.79 per share.

Synovus Financial (NYSE:SNV - Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $0.79 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.20). Synovus Financial had a net margin of 13.29% and a return on equity of 12.93%. The business had revenue of $537.73 million during the quarter, compared to the consensus estimate of $547.62 million. During the same period last year, the company earned $1.33 EPS. The business's revenue was down 12.4% compared to the same quarter last year.

Several other brokerages have also recently weighed in on SNV. The Goldman Sachs Group lowered their target price on Synovus Financial from $46.00 to $41.00 and set a "neutral" rating for the company in a report on Friday, April 19th. Morgan Stanley restated an "equal weight" rating and set a $37.00 price objective on shares of Synovus Financial in a research note on Monday. Truist Financial decreased their price objective on Synovus Financial from $45.00 to $39.00 and set a "buy" rating for the company in a research note on Monday. Evercore ISI upped their price objective on Synovus Financial from $40.00 to $42.00 and gave the stock an "in-line" rating in a research note on Thursday, March 28th. Finally, Bank of America decreased their price objective on Synovus Financial from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.18.

Synovus Financial Stock Up 0.5 %

Shares of SNV stock traded up $0.19 during mid-day trading on Wednesday, hitting $36.82. The stock had a trading volume of 1,387,394 shares, compared to its average volume of 1,516,508. Synovus Financial has a 12-month low of $24.40 and a 12-month high of $40.92. The firm has a market capitalization of $5.39 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 4.09 and a beta of 1.40. The firm's 50-day moving average is $37.92 and its two-hundred day moving average is $34.78. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.89 and a quick ratio of 0.89.

Synovus Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Thursday, March 21st were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.13%. The ex-dividend date was Wednesday, March 20th. Synovus Financial's dividend payout ratio (DPR) is 52.05%.

Institutional Trading of Synovus Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Simplicity Wealth LLC acquired a new stake in Synovus Financial during the first quarter worth about $271,000. Louisiana State Employees Retirement System grew its holdings in Synovus Financial by 2.4% during the first quarter. Louisiana State Employees Retirement System now owns 42,100 shares of the bank's stock worth $1,687,000 after acquiring an additional 1,000 shares during the period. Amalgamated Bank grew its holdings in Synovus Financial by 8.3% during the first quarter. Amalgamated Bank now owns 99,548 shares of the bank's stock worth $3,988,000 after acquiring an additional 7,667 shares during the period. State of Michigan Retirement System grew its holdings in Synovus Financial by 2.3% in the first quarter. State of Michigan Retirement System now owns 35,904 shares of the bank's stock valued at $1,438,000 after purchasing an additional 800 shares during the period. Finally, Asio Capital LLC grew its holdings in Synovus Financial by 1.1% in the first quarter. Asio Capital LLC now owns 127,127 shares of the bank's stock valued at $5,141,000 after purchasing an additional 1,428 shares during the period. 83.85% of the stock is owned by institutional investors and hedge funds.

About Synovus Financial

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.