Synovus Financial Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Synovus Financial stock.
View analyst ratings for Synovus Financial or view top-rated stocks.

Wall Street analysts have given Synovus Financial a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Synovus Financial wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Synovus Financial saw a increase in short interest in June. As of June 30th, there was short interest totaling 1,860,000 shares, an increase of 46.5% from the June 15th total of 1,270,000 shares. Based on an average daily trading volume, of 870,700 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.3% of the shares of the company are short sold.
View Synovus Financial's Short Interest.

Synovus Financial is scheduled to release its next quarterly earnings announcement on Tuesday, October 19th 2021.
View our earnings forecast for Synovus Financial.

Synovus Financial Corp. (NYSE:SNV) announced its quarterly earnings data on Monday, July, 19th. The bank reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.17. Synovus Financial had a net margin of 28.77% and a trailing twelve-month return on equity of 14.65%. During the same period in the previous year, the business earned $0.23 EPS.
View Synovus Financial's earnings history.

Synovus Financial's stock was trading at $22.61 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SNV shares have increased by 83.7% and is now trading at $41.53.
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Synovus Financial announced a quarterly dividend on Thursday, June 3rd. Investors of record on Thursday, June 17th will be given a dividend of $0.33 per share on Thursday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Wednesday, June 16th.
View Synovus Financial's dividend history.

Synovus Financial pays an annual dividend of $1.32 per share and currently has a dividend yield of 3.23%. Synovus Financial has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Synovus Financial is 54.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Synovus Financial will have a dividend payout ratio of 32.20% next year. This indicates that Synovus Financial will be able to sustain or increase its dividend.
View Synovus Financial's dividend history.

8 brokers have issued 1 year target prices for Synovus Financial's stock. Their forecasts range from $13.50 to $59.00. On average, they expect Synovus Financial's share price to reach $44.39 in the next twelve months. This suggests a possible upside of 6.9% from the stock's current price.
View analysts' price targets for Synovus Financial or view top-rated stocks among Wall Street analysts.

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

Some companies that are related to Synovus Financial include The PNC Financial Services Group (PNC), Truist Financial (TFC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), First Horizon (FHN), Zions Bancorporation, National Association (ZION) and Commerce Bancshares (CBSH).
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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 many different institutional and retail investors. Top institutional investors include Alliancebernstein L.P. (2.88%), Victory Capital Management Inc. (0.88%), Scout Investments Inc. (0.74%), New York State Common Retirement Fund (0.30%), Gradient Investments LLC (0.17%) and Texas Permanent School Fund (0.07%). Company insiders that own Synovus Financial stock include Andrew J Jr Gregory, John L Stallworth, Mark G Holladay and Stephen T Butler.
View institutional ownership trends for Synovus Financial.

SNV stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., State of Michigan Retirement System, New York State Common Retirement Fund, Arizona State Retirement System, Chartwell Investment Partners LLC, Montag A & Associates Inc., Reliant Investment Management LLC, and Zurcher Kantonalbank Zurich Cantonalbank .
View insider buying and selling activity for Synovus Financial or view top insider-selling stocks.

SNV stock was bought by a variety of institutional investors in the last quarter, including Scout Investments Inc., Victory Capital Management Inc., Clark Capital Management Group Inc., Gradient Investments LLC, Handelsbanken Fonder AB, Whittier Trust Co., New Mexico Educational Retirement Board, and Asio Capital LLC. Company insiders that have bought Synovus Financial stock in the last two years include Andrew J Jr Gregory, John L Stallworth, and Stephen T Butler.
View insider buying and selling activity for Synovus Financial or or view top insider-buying stocks.

Shares of SNV 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 $41.53.

Synovus Financial has a market capitalization of $6.17 billion and generates $2.31 billion in revenue each year. The bank earns $373.70 million in net income (profit) each year or $2.41 on an earnings per share basis.

Synovus Financial employs 5,247 workers across the globe.

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

Synovus Financial was founded in 1888.

The official website for Synovus Financial is www.synovus.com.

Synovus Financial is headquartered at 1111 BAY AVENUE SUITE 500, COLUMBUS GA, 31901.

Synovus Financial's mailing address is 1111 BAY AVENUE SUITE 500, COLUMBUS GA, 31901. The bank can be reached via phone at (706) 649-2311 or via email at [email protected]