NYSE:SNV - Synovus Financial Stock Price, Forecast & News

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

Synovus Financial declared a quarterly dividend on Thursday, December 5th. Stockholders of record on Thursday, December 19th will be paid a dividend of $0.30 per share on Thursday, January 2nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Wednesday, December 18th. View Synovus Financial's Dividend History.

Synovus Financial announced that its board has authorized a stock repurchase program on Wednesday, January 24th 2018, which allows the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Synovus Financial Corp. (NYSE:SNV) announced its quarterly earnings data on Tuesday, October, 22nd. The bank reported $0.97 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.00 by $0.03. The bank earned $490.86 million during the quarter, compared to analyst estimates of $486.74 million. Synovus Financial had a net margin of 23.22% and a return on equity of 14.43%. The business's revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.94 earnings per share. View Synovus Financial's Earnings History.

Synovus Financial is scheduled to release their next quarterly earnings announcement on Tuesday, January 21st 2020. View Earnings Estimates for Synovus Financial.

14 brokers have issued twelve-month target prices for Synovus Financial's stock. Their forecasts range from $30.73 to $49.00. On average, they expect Synovus Financial's share price to reach $42.29 in the next twelve months. This suggests a possible upside of 9.0% from the stock's current price. View Analyst Price Targets for Synovus Financial.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 1 hold rating, 12 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Synovus Financial.

Press coverage about SNV stock has been trending somewhat negative recently, InfoTrie Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Synovus Financial earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned headlines about the bank a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Synovus Financial.

Synovus Financial saw a increase in short interest during the month of November. As of November 29th, there was short interest totalling 3,740,000 shares, an increase of 13.3% from the November 14th total of 3,300,000 shares. Based on an average trading volume of 1,300,000 shares, the short-interest ratio is presently 2.9 days. Currently, 2.6% of the shares of the company are sold short. View Synovus Financial's Current Options Chain.

Some companies that are related to Synovus Financial include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), First Republic Bank (FRC), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Commerce Bancshares (CBSH), Signature Bank (SBNY), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Synovus Financial investors own include Energy Transfer LP Unit (ET), Bank of America (BAC), Citigroup (C), Total System Services (TSS), Huntington Bancshares (HBAN), Cornerstone Total Return Fund (CRF), CBL & Associates Properties (CBL), Ford Motor (F), SandRidge Permian Trust (PER) and SunCoke Energy Partners (SXCP).

Synovus Financial's stock is owned by many different of retail and institutional investors. Top institutional investors include Synovus Financial Corp (3.98%), State Street Corp (3.74%), Scout Investments Inc. (0.72%), Boston Partners (0.68%), Carillon Tower Advisers Inc. (0.49%) and Parametric Portfolio Associates LLC (0.30%). Company insiders that own Synovus Financial stock include Allan E Kamensky, Allen J Gula, Barry L Storey, Curtis J Perry, Diana M Murphy, Elizabeth W Camp, Kessel D Stelling, Kevin S Blair, Mark G Holladay and Philip W Tomlinson. View Institutional Ownership Trends for Synovus Financial.

SNV stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, State Street Corp, Algebris UK Ltd, FSI Group LLC, Voya Investment Management LLC, State of Tennessee Treasury Department, Gamco Investors INC. ET AL and Public Employees Retirement System of Ohio. View Insider Buying and Selling for Synovus Financial.

SNV stock was bought by a variety of institutional investors in the last quarter, including Scout Investments Inc., Carillon Tower Advisers Inc., Bayview Asset Management LLC, Foundry Partners LLC, California Public Employees Retirement System, State of New Jersey Common Pension Fund D, Point72 Asset Management L.P. and Steward Partners Investment Advisory LLC. Company insiders that have bought Synovus Financial stock in the last two years include Allan E Kamensky, Allen J Gula, Barry L Storey, Diana M Murphy, Elizabeth W Camp, Kessel D Stelling, Kevin S Blair, Mark G Holladay and Philip W Tomlinson. View Insider Buying and Selling for Synovus Financial.

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

One share of SNV stock can currently be purchased for approximately $38.81.

Synovus Financial has a market capitalization of $5.69 billion and generates $1.62 billion in revenue each year. The bank earns $428.48 million in net income (profit) each year or $3.64 on an earnings per share basis. Synovus Financial employs 4,651 workers across the globe.View Additional Information About Synovus Financial.

The official website for Synovus Financial is http://www.synovus.com/.

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]