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NYSE:SNV

Synovus Financial (SNV) Stock Forecast, Price & News

$26.65
-1.15 (-4.14%)
(As of 10/2/2023 ET)
Compare
Today's Range
$26.49
$27.86
50-Day Range
$26.65
$34.12
52-Week Range
$25.19
$44.91
Volume
2.42 million shs
Average Volume
1.55 million shs
Market Capitalization
$3.90 billion
P/E Ratio
5.19
Dividend Yield
5.70%
Price Target
$36.40

Synovus Financial MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
36.6% Upside
$36.40 Price Target
Short Interest
Healthy
2.87% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.70
Upright™ Environmental Score
News Sentiment
0.51mentions of Synovus Financial in the last 14 days
Based on 11 Articles This Week
Insider Trading
Acquiring Shares
$4.84 M Bought Last Quarter
Proj. Earnings Growth
-10.00%
From $4.30 to $3.87 Per Share

Overall MarketRank

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

3.14 out of 5 stars

Finance Sector

75th out of 878 stocks

National Commercial Banks Industry

20th out of 86 stocks


SNV stock logo

About Synovus Financial (NYSE:SNV) Stock

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 Price History

SNV Stock News Headlines

[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Synovus Financial (NYSE:SNV) Price Target Cut to $31.00
Synovus Financial (NYSE:SNV) PT Lowered to $35.00
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Analyst Expectations for Synovus Finl's Future
Synovus (SNV) to See $23M NCO in Q3 From Bankrupt Borrower
Synovus Preferred Stock Looks Mispriced
What 7 Analyst Ratings Have To Say About Synovus Finl
Synovus Bank CEO talks plans for Alabama market
See More Headlines
Receive SNV Stock News and Ratings via Email

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SNV Company Calendar

Last Earnings
7/19/2023
Ex-Dividend for 10/2 Dividend
9/20/2023
Today
10/02/2023
Dividend Payable
10/02/2023
Next Earnings (Confirmed)
10/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
87161C10
Employees
5,114
Year Founded
1888

Price Target and Rating

Average Stock Price Forecast
$36.40
High Stock Price Forecast
$45.00
Low Stock Price Forecast
$29.00
Forecasted Upside/Downside
+36.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
10 Analysts

Profitability

Net Income
$757.90 million
Pretax Margin
32.04%

Debt

Sales & Book Value

Annual Sales
$2.49 billion
Cash Flow
$5.45 per share
Book Value
$27.08 per share

Miscellaneous

Free Float
143,828,000
Market Cap
$3.89 billion
Optionable
Optionable
Beta
1.39

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Key Executives

  • Mr. Kevin S. BlairMr. Kevin S. Blair (Age 52)
    CEO, Pres & Chairman
    Comp: $2.83M
  • Mr. Andrew Jamie Gregory Jr.Mr. Andrew Jamie Gregory Jr. (Age 47)
    Exec. VP & CFO
    Comp: $1.37M
  • Mr. Daniel Zachary BishopMr. Daniel Zachary Bishop (Age 47)
    Exec. VP of Technology, Operations & Security
    Comp: $1.1M
  • Mr. Kessel D. Stelling Jr.Mr. Kessel D. Stelling Jr. (Age 67)
    Advisor
    Comp: $2.97M
  • Ms. Shellie R. Creson (Age 55)
    Exec. VP & Chief Risk Officer
    Comp: $745.87k
  • Ms. Jill K. Hurley (Age 43)
    Chief Accounting Officer & Controller
  • Mr. Thomas T. DierdorffMr. Thomas T. Dierdorff (Age 55)
    Exec. VP and Head of Corp. & Investment Banking
  • Ms. Jennifer Haskew Demba C.F.A.
    Director of Investor Relations
  • Mr. Allan E. Kamensky Esq.Mr. Allan E. Kamensky Esq. (Age 61)
    Exec. VP & Gen. Counsel
  • Ms. Gloria C. Banks
    Exec. VP & Chief Compliance and Ethics Officer













SNV Stock - Frequently Asked Questions

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 twelve months. 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 forecast for 2023?

10 Wall Street research analysts have issued twelve-month price objectives for Synovus Financial's stock. Their SNV share price forecasts range from $29.00 to $45.00. On average, they anticipate the company's stock price to reach $36.40 in the next twelve months. This suggests a possible upside of 36.7% 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 beginning of the year. Since then, SNV stock has decreased by 29.1% and is now trading at $26.62.
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, October 18th 2023.
View our SNV earnings forecast
.

How can I listen to Synovus Financial's earnings call?

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.

How were Synovus Financial's earnings last quarter?

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

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

Synovus Financial declared a quarterly dividend on Friday, September 1st. Shareholders of record on Thursday, September 21st will be given 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 5.71%. The ex-dividend date is Wednesday, September 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 5.47%. 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 39.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SNV.

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).

What is Synovus Financial's stock symbol?

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

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.

What is Synovus Financial's stock price today?

One share of SNV stock can currently be purchased for approximately $26.62.

How much money does Synovus Financial make?

Synovus Financial (NYSE:SNV) has a market capitalization of $3.89 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.

How many employees does Synovus Financial have?

The company employs 5,114 workers across the globe.

Does Synovus Financial have any subsidiaries?
The following companies are subsidiares of Synovus Financial: Florida Community Bank.
Read More
How can I contact Synovus Financial?

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.

This page (NYSE:SNV) was last updated on 10/2/2023 by MarketBeat.com Staff

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