Should I buy or sell Synovus Financial stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SNV shares. View SNV analyst ratings or view top-rated stocks .

What is Synovus Financial's stock price target for 2024?

10 Wall Street research analysts have issued 12 month price objectives for Synovus Financial's shares. Their SNV share price targets range from $29.00 to $39.00. On average, they anticipate the company's stock price to reach $33.75 in the next year. This suggests a possible upside of 2.0% from the stock's current price. View analysts price targets for SNV or view top-rated stocks among Wall Street analysts .

How have SNV shares performed in 2023?

Synovus Financial's stock was trading at $37.55 at the start of the year. Since then, SNV stock has decreased by 11.9% and is now trading at $33.09. View the best growth stocks for 2023 here .

When is Synovus Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 17th 2024. View our SNV earnings forecast .

How were Synovus Financial's earnings last quarter?

Synovus Financial Corp. (NYSE:SNV) released its earnings results on Thursday, October, 19th. The bank reported $0.84 earnings per share for the quarter, hitting analysts' consensus estimates of $0.84. The bank earned $550.30 million during the quarter, compared to analysts' expectations of $539.16 million. Synovus Financial had a trailing twelve-month return on equity of 17.48% and a net margin of 20.14%. The company's quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.34 earnings per share.

How often does Synovus Financial pay dividends? What is the dividend yield for Synovus Financial?

Synovus Financial declared a quarterly dividend on Friday, December 1st. Investors of record on Thursday, December 21st will be paid a dividend of $0.38 per share on Tuesday, January 2nd. This represents a $1.52 annualized dividend and a yield of 4.59%. The ex-dividend date is Wednesday, December 20th. Read our dividend analysis for SNV .

Is Synovus Financial a good dividend stock?

Synovus Financial (NYSE:SNV) pays an annual dividend of $1.52 per share and currently has a dividend yield of 4.62%. SNV has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 34.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SNV will have a dividend payout ratio of 41.08% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SNV .

What ETFs hold Synovus Financial's stock?

ETFs with the largest weight of Synovus Financial (NYSE:SNV) stock in their portfolio include iShares Focused Value Factor ETF (FOVL) , Invesco KBW Regional Banking ETF (KBWR) , SPDR S&P Regional Banking ETF (KRE) , SPDR S&P Bank ETF (KBE) , First Trust Financial AlphaDEX Fund (FXO) , iShares U.S. Regional Banks ETF (IAT) , Direxion Daily Regional Banks Bull 3x Shares (DPST) and First Trust SMID Cap Rising Dividend Archievers ETF (SDVY) .

What guidance has Synovus Financial issued on next quarter's earnings?

Synovus Financial updated its FY 2023 earnings guidance on Thursday, October, 19th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.24 billion-$2.26 billion, compared to the consensus revenue estimate of $2.25 billion.

What is Kessel D. Stelling Jr.'s approval rating as Synovus Financial's CEO?

133 employees have rated Synovus Financial Chief Executive Officer Kessel D. Stelling Jr. on Glassdoor.com . Kessel D. Stelling Jr. has an approval rating of 93% among the company's employees. This puts Kessel D. Stelling Jr. in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Synovus Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Synovus Financial investors own include Energy Transfer (ET) , AT&T (T) , Citigroup (C) , Bank of America (BAC) , Huntington Bancshares (HBAN) , Pfizer (PFE) , Ford Motor (F) , JPMorgan Chase & Co. (JPM) , Wells Fargo & Company (WFC) and AbbVie (ABBV) .

Who are Synovus Financial's major shareholders?

Synovus Financial's stock is owned by many different institutional and retail investors. Top institutional shareholders include FMR LLC (7.32%), Wellington Management Group LLP (3.42%), North Reef Capital Management LP (3.07%), Charles Schwab Investment Management Inc. (2.54%), Bank of New York Mellon Corp (1.47%) and Morgan Stanley (1.22%). Insiders that own company stock include Allan E Kamensky , Andrew J Jr Gregory , Daniel Zachary Bishop , Diana M Murphy, Eli Samaha, John L Stallworth , Joseph J Prochaska Jr , Kessel D Stelling , Kevin S Blair , Mark G Holladay, Mark G Holladay and Thomas T Dierdorff . View institutional ownership trends .

How do I buy shares of Synovus Financial?

Shares of SNV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Does Synovus Financial have any subsidiaries?

The following companies are subsidiares of Synovus Financial: Florida Community Bank. Read More

Synovus Financial Stock Price, News & Analysis (NYSE:SNV)

$33.08

-0.63 (-1.87%)

(As of 12/5/2023 ET)

Compare

Today's Range: $32.98
▼
$33.43
50-Day Range: $25.02
▼
$33.72
52-Week Range: $24.40
▼
$44.44

Volume: 1.15 million shs
Average Volume: 1.53 million shs
Market Capitalization: $4.84 billion

P/E Ratio: 7.52
Dividend Yield: 4.59%
Price Target: $33.75

Synovus Financial MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.70 Rating Score
Upside/Downside: 2.0% Upside
$33.75 Price Target
Short Interest: Healthy
3.95% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.79
Upright™ Environmental Score
News Sentiment: 0.76
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$5.06 M Bought Last Quarter
Proj. Earnings Growth: -12.32%
From $4.22 to $3.70 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.40 out of 5 stars

Finance Sector

288th out of 774 stocks

National Commercial Banks Industry

29th out of 74 stocks

2.4

Analyst's Opinion

Consensus Rating
Synovus Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $33.75, Synovus Financial has a forecasted upside of 2.0% from its current price of $33.09.
Amount of Analyst Coverage
Synovus Financial has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
3.95% of the float of Synovus Financial has been sold short.
Short Interest Ratio / Days to Cover
Synovus Financial has a short interest ratio ("days to cover") of 4.1.
Change versus previous month
Short interest in Synovus Financial has recently decreased by 4.18%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Leadership
Synovus Financial is a leading dividend payer. It pays a dividend yield of 4.62%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Synovus Financial has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Synovus Financial is 34.55%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Synovus Financial will have a dividend payout ratio of 41.08% next year. This indicates that Synovus Financial will be able to sustain or increase its dividend.

2.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Synovus Financial has received a 19.49% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Wholesale banking", "Mortgages provided by brick and mortar banks", and "Development loans for corporations" products. See details.
Environmental Sustainability
The Environmental Impact score for Synovus Financial is -0.79.

2.1

News and Social Media Coverage

News Sentiment
Synovus Financial has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Synovus Financial this week, compared to 4 articles on an average week.
Search Interest
Only 1 people have searched for SNV on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Synovus Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Synovus Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $5,057,219.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.60% of the stock of Synovus Financial is held by insiders.
Percentage Held by Institutions
79.92% of the stock of Synovus Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Synovus Financial are expected to decrease by -12.32% in the coming year, from $4.22 to $3.70 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Synovus Financial is 7.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of Synovus Financial is 7.52, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 50.67.
Price to Book Value per Share Ratio
Synovus Financial has a P/B Ratio of 1.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Synovus Financial Stock (NYSE:SNV)

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 loans. Its consumer banking services comprise accepting customary types of demand and savings deposits accounts; mortgage, installment, and other consumer loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; internet-based banking services; and bank credit and debit card services. The company also offers various other financial services, including portfolio management for fixed-income securities, investment banking, execution of securities transactions as a broker/dealer, and trust and financial planning services, as well as provides individual investment advice on equity and other securities. The company was founded in 1888 and is headquartered in Columbus, Georgia.

SNV Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SNV Stock News Headlines

December 4, 2023 | finance.yahoo.com

Synovus announces expiration and final tender results of its previously announced tender offer

November 28, 2023 | seekingalpha.com

Synovus Financial: Floating Preferred Offering 9.1% Yield

December 5, 2023 | Autonomix (Ad)

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November 27, 2023 | seekingalpha.com

Synovus: Potential Credit Losses Limit Upside

November 25, 2023 | morningstar.com

Synovus Financial Corp SNV

November 16, 2023 | finance.yahoo.com

Synovus announces early tender results in connection with previously announced tender offer and extends early tender payment to apply through expiration time

November 15, 2023 | finance.yahoo.com

Synovus to present at Goldman Sachs 2023 US Financial Services Conference

November 2, 2023 | finance.yahoo.com

Synovus announces offer to purchase up to $150 million aggregate principal amount of its 5.900% fixed-to-fixed rate subordinated notes due 2029

December 5, 2023 | Autonomix (Ad)

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology

October 20, 2023 | finance.yahoo.com

Synovus Financial Corp. (NYSE:SNV) Q3 2023 Earnings Call Transcript

October 20, 2023 | markets.businessinsider.com

Robust Q3 Results and Promising NII Growth Drive Buy Rating for Synovus Despite Industry Challenges: An Analysis by Ebrahim Poonawala

October 20, 2023 | finance.yahoo.com

Q3 2023 Synovus Financial Corp Earnings Call

October 19, 2023 | finance.yahoo.com

Synovus (SNV) Q3 Earnings Miss Estimates, Provisions Rise

October 19, 2023 | seekingalpha.com

Synovus Financial Corp. 2023 Q3 - Results - Earnings Call Presentation

October 18, 2023 | markets.businessinsider.com

Synovus Financial is about to announce earnings — here's what Wall Street expects