Synovus Financial (SNV) to Release Earnings on Wednesday

Synovus Financial (NYSE:SNV - Get Free Report) is expected to be posting its Q2 2025 quarterly earnings results after the market closes on Wednesday, July 16th. Analysts expect Synovus Financial to post 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 released its earnings results on Wednesday, April 16th. The bank reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.19. The company 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 Trading Down 1.0%

Shares of SNV stock traded down $0.55 on Friday, reaching $54.56. 1,835,950 shares of the stock were exchanged, compared to its average volume of 1,363,025. The stock has a 50 day moving average price of $49.48 and a 200 day moving average price of $49.15. The stock has a market cap of $7.58 billion, a PE ratio of 15.28, a P/E/G ratio of 1.05 and a beta of 1.19. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.88. Synovus Financial has a one year low of $35.94 and a one year high of $59.92.

Synovus Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Thursday, June 19th were issued a $0.39 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $1.56 dividend on an annualized basis and a yield of 2.86%. Synovus Financial's dividend payout ratio is presently 43.70%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its holdings in Synovus Financial by 78.2% during the 1st 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 last quarter. Royal Bank of Canada lifted its holdings in Synovus Financial by 51.2% during the 1st 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 last quarter. Finally, Focus Partners Wealth increased its stake in Synovus Financial by 14.0% during the 1st quarter. Focus Partners Wealth now owns 17,616 shares of the bank's stock worth $823,000 after acquiring an additional 2,169 shares during the period. Institutional investors and hedge funds own 83.85% of the company's stock.

Analyst Ratings Changes

SNV has been the subject of a number of recent analyst reports. Barclays upped their price objective on Synovus Financial from $60.00 to $67.00 and gave the company an "overweight" rating in a report on Tuesday. JPMorgan Chase & Co. upped their price objective on Synovus Financial from $50.00 to $60.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Royal Bank Of Canada lowered their price target on Synovus Financial from $64.00 to $52.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Jefferies Financial Group started coverage on Synovus Financial in a report on Wednesday, May 21st. They issued a "hold" rating and a $55.00 price target for the company. Finally, Wells Fargo & Company upgraded Synovus Financial from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $50.00 to $62.00 in a report on Thursday. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $59.35.

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.