What is DA Davidson's Estimate for SNV Q3 Earnings?

Synovus Financial Corp. (NYSE:SNV - Free Report) - Investment analysts at DA Davidson issued their Q3 2025 earnings per share (EPS) estimates for shares of Synovus Financial in a research report issued to clients and investors on Friday, July 18th. DA Davidson analyst G. Tenner expects that the bank will post earnings per share of $1.36 for the quarter. DA Davidson currently has a "Buy" rating and a $63.00 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 FY2025 earnings at $5.50 EPS.

Synovus Financial (NYSE:SNV - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The bank reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.23. The company had revenue of $592.08 million for the quarter, compared to analyst estimates of $584.89 million. Synovus Financial had a return on equity of 16.20% and a net margin of 21.52%. During the same quarter last year, the company posted $1.16 EPS.

A number of other equities research analysts have also commented on the company. Wells Fargo & Company upgraded Synovus Financial from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $50.00 to $62.00 in a research report on Thursday, July 10th. Truist Financial upped their price target on Synovus Financial from $56.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Raymond James Financial upgraded Synovus Financial from a "market perform" rating to an "outperform" rating and set a $62.00 target price on the stock in a research report on Friday. JPMorgan Chase & Co. upped their target price on Synovus Financial from $50.00 to $60.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Finally, Royal Bank Of Canada cut their target price on Synovus Financial from $64.00 to $52.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Synovus Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.67.

Synovus Financial Trading Up 3.4%

Shares of SNV stock opened at $55.70 on Monday. The firm has a market capitalization of $7.74 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.01 and a beta of 1.19. Synovus Financial has a twelve month low of $35.94 and a twelve month high of $59.92. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.77. The stock's fifty day simple moving average is $50.33 and its 200 day simple moving average is $49.21.

Synovus Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Thursday, June 19th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend was Wednesday, June 18th. Synovus Financial's dividend payout ratio is currently 29.94%.

Institutional Trading of Synovus Financial

A number of large investors have recently bought and sold shares of the company. FMR LLC boosted its stake in Synovus Financial by 3.6% during the fourth quarter. FMR LLC now owns 12,041,625 shares of the bank's stock valued at $616,892,000 after buying an additional 415,201 shares during the period. AQR Capital Management LLC boosted its stake in Synovus Financial by 168.2% during the first quarter. AQR Capital Management LLC now owns 2,857,222 shares of the bank's stock valued at $130,546,000 after buying an additional 1,791,973 shares during the period. Silvercrest Asset Management Group LLC raised its position in Synovus Financial by 2.3% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 2,370,521 shares of the bank's stock valued at $121,442,000 after purchasing an additional 53,286 shares in the last quarter. First Trust Advisors LP lifted its stake in Synovus Financial by 4.5% during the fourth quarter. First Trust Advisors LP now owns 1,827,247 shares of the bank's stock worth $93,610,000 after purchasing an additional 77,876 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Synovus Financial by 5.8% during the first quarter. Bank of New York Mellon Corp now owns 1,577,840 shares of the bank's stock worth $73,748,000 after purchasing an additional 86,694 shares during the last quarter. 83.85% of the stock is 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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