Synovus Financial (SNV) Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SNV shares.
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10 equities research analysts have issued 12 month price targets for Synovus Financial's stock. Their SNV share price forecasts range from $30.00 to $45.00. On average, they anticipate the company's stock price to reach $37.10 in the next year. This suggests a possible upside of 33.3% from the stock's current price.
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Synovus Financial's stock was trading at $37.55 at the beginning of the year. Since then, SNV stock has decreased by 25.9% and is now trading at $27.83.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
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Synovus Financial will be holding an earnings conference call on Thursday, October 19th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Synovus Financial Corp. (NYSE:SNV) posted its earnings results on Wednesday, July, 19th. The bank reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.02. The bank had revenue of $567.81 million for the quarter, compared to the consensus estimate of $570.82 million. Synovus Financial had a trailing twelve-month return on equity of 19.61% and a net margin of 25.05%.

Synovus Financial declared a quarterly dividend on Friday, September 1st. Shareholders of record on Thursday, September 21st will be paid a dividend of $0.38 per share on Monday, October 2nd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend is Wednesday, September 20th.
Read our dividend analysis for SNV.

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).

Synovus Financial (NYSE:SNV) pays an annual dividend of $1.52 per share and currently has a dividend yield of 5.46%. 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 29.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SNV will have a dividend payout ratio of 38.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SNV.

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.

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).

Synovus Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNV."

Synovus Financial's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.51%), State Street Corp (4.70%), Synovus Financial Corp (3.96%), Charles Schwab Investment Management Inc. (2.45%), Dimensional Fund Advisors LP (2.36%) and Silvercrest Asset Management Group LLC (2.04%). 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.
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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.
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One share of SNV stock can currently be purchased for approximately $27.83.

Synovus Financial (NYSE:SNV) has a market capitalization of $4.07 billion and generates $2.49 billion in revenue each year. The bank earns $757.90 million in net income (profit) each year or $5.13 on an earnings per share basis.

The company employs 5,114 workers across the globe.

Synovus Financial's mailing address is 1111 BAY AVENUE SUITE 500, COLUMBUS GA, 31901. The official website for the company is www.synovus.com. The bank can be reached via phone at (706) 641-6500, via email at bobmay@synovus.com, or via fax at 706-641-6555.