Synovus Financial (SNV) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SNV shares.
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9 Wall Street research analysts have issued 1-year price targets for Synovus Financial's stock. Their SNV share price forecasts range from $30.00 to $53.00. On average, they predict the company's share price to reach $39.88 in the next twelve months. This suggests a possible upside of 42.5% from the stock's current price.
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Synovus Financial's stock was trading at $37.55 at the beginning of 2023. Since then, SNV stock has decreased by 25.5% and is now trading at $27.98.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our SNV earnings forecast.

Synovus Financial Corp. (NYSE:SNV) posted its earnings results on Wednesday, April, 19th. The bank reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.11. The bank had revenue of $613.90 million for the quarter, compared to analysts' expectations of $589.40 million. Synovus Financial had a trailing twelve-month return on equity of 19.92% and a net margin of 28.04%. The firm's quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.08 EPS.

Synovus Financial announced a quarterly dividend on Thursday, March 2nd. Stockholders of record on Thursday, March 16th will be given a dividend of $0.38 per share on Monday, April 3rd. This represents a $1.52 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend is Wednesday, March 15th. This is a boost from the stock's previous quarterly dividend of $0.34.
Read our dividend analysis for SNV.

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

Synovus Financial (NYSE:SNV) pays an annual dividend of $1.52 per share and currently has a dividend yield of 5.43%. 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 29.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SNV will have a dividend payout ratio of 33.78% 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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.65%), FMR LLC (5.25%), Wellington Management Group LLP (4.98%), State Street Corp (4.75%), Synovus Financial Corp (3.94%) and Charles Schwab Investment Management Inc. (2.34%). Insiders that own company stock include Allan E Kamensky, Andrew J Jr Gregory, Daniel Zachary Bishop, Diana M Murphy, 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 $27.98.

Synovus Financial (NYSE:SNV) has a market capitalization of $4.09 billion and generates $2.49 billion in revenue each year. The bank earns $757.90 million in net income (profit) each year or $5.16 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.