Synovus Financial (SNV) Projected to Post Quarterly Earnings on Wednesday

Synovus Financial (NYSE:SNV - Get Free Report) is anticipated to announce its Q2 2025 earnings results after the market closes on Wednesday, July 16th. Analysts expect the company to announce earnings of $1.24 per share and revenue of $584.89 million for the quarter. Synovus Financial has set its FY 2025 guidance at EPS.

Synovus Financial (NYSE:SNV - Get Free Report) last issued its 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 firm had revenue of $573.24 million during the quarter, compared to the consensus estimate of $572.35 million. Synovus Financial had a return on equity of 15.87% and a net margin of 16.19%. On average, analysts expect Synovus Financial to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Synovus Financial Stock Performance

NYSE:SNV opened at $54.94 on Wednesday. The stock has a market cap of $7.64 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 1.05 and a beta of 1.19. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.43. The stock's 50-day moving average is $48.85 and its 200-day moving average is $49.06. Synovus Financial has a 1-year low of $35.94 and a 1-year high of $59.92.

Synovus Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Thursday, June 19th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Wednesday, June 18th. Synovus Financial's dividend payout ratio (DPR) is currently 43.70%.

Hedge Funds Weigh In On Synovus Financial

Several institutional investors have recently added to or reduced their stakes in SNV. Focus Partners Wealth raised its position in shares of Synovus Financial by 14.0% during the first quarter. Focus Partners Wealth now owns 17,616 shares of the bank's stock worth $823,000 after purchasing an additional 2,169 shares during the period. Royal Bank of Canada raised its position in shares of Synovus Financial by 51.2% during the first quarter. Royal Bank of Canada now owns 26,820 shares of the bank's stock worth $1,254,000 after purchasing an additional 9,080 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Synovus Financial by 78.2% during the first quarter. Goldman Sachs Group Inc. now owns 523,479 shares of the bank's stock worth $24,467,000 after purchasing an additional 229,730 shares during the period. 83.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SNV shares. Morgan Stanley reduced their price target on Synovus Financial from $67.00 to $59.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Wells Fargo & Company reduced their price target on Synovus Financial from $60.00 to $50.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Stephens reduced their price target on Synovus Financial from $52.00 to $46.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Jefferies Financial Group initiated coverage on Synovus Financial in a report on Wednesday, May 21st. They issued a "hold" rating and a $55.00 target price on the stock. Finally, Royal Bank Of Canada reduced their target price on Synovus Financial from $64.00 to $52.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Synovus Financial has a consensus rating of "Moderate Buy" and a consensus price target of $57.50.

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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