Synovus Financial Stock Price, News & Analysis (NYSE:SNV) $33.08 -0.63 (-1.87%) (As of 12/5/2023 ET) Add Compare Share Share Today's Range$32.98▼$33.4350-Day Range$25.02▼$33.7252-Week Range$24.40▼$44.44Volume1.15 million shsAverage Volume1.53 million shsMarket Capitalization$4.84 billionP/E Ratio7.52Dividend Yield4.59%Price Target$33.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Synovus Financial MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.70 Rating ScoreUpside/Downside2.0% Upside$33.75 Price TargetShort InterestHealthy3.95% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.79Upright™ Environmental ScoreNews Sentiment0.76Based on 2 Articles This WeekInsider TradingAcquiring Shares$5.06 M Bought Last QuarterProj. Earnings Growth-12.32%From $4.22 to $3.70 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.40 out of 5 starsFinance Sector288th out of 774 stocksNational Commercial Banks Industry29th out of 74 stocks 2.4 Analyst's Opinion Consensus RatingSynovus Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $33.75, Synovus Financial has a forecasted upside of 2.0% from its current price of $33.09.Amount of Analyst CoverageSynovus Financial has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.95% of the float of Synovus Financial has been sold short.Short Interest Ratio / Days to CoverSynovus Financial has a short interest ratio ("days to cover") of 4.1.Change versus previous monthShort interest in Synovus Financial has recently decreased by 4.18%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend LeadershipSynovus Financial is a leading dividend payer. It pays a dividend yield of 4.62%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSynovus Financial has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Synovus Financial is 34.55%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Synovus Financial will have a dividend payout ratio of 41.08% next year. This indicates that Synovus Financial will be able to sustain or increase its dividend. Previous Next 2.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSynovus Financial has received a 19.49% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Wholesale banking", "Mortgages provided by brick and mortar banks", and "Development loans for corporations" products. See details.Environmental SustainabilityThe Environmental Impact score for Synovus Financial is -0.79. Previous Next 2.1 News and Social Media Coverage News SentimentSynovus Financial has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Synovus Financial this week, compared to 4 articles on an average week.Search InterestOnly 1 people have searched for SNV on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Synovus Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Synovus Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $5,057,219.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.60% of the stock of Synovus Financial is held by insiders.Percentage Held by Institutions79.92% of the stock of Synovus Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Synovus Financial are expected to decrease by -12.32% in the coming year, from $4.22 to $3.70 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Synovus Financial is 7.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.76.Price to Earnings Ratio vs. SectorThe P/E ratio of Synovus Financial is 7.52, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 50.67.Price to Book Value per Share RatioSynovus Financial has a P/B Ratio of 1.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Synovus Financial Stock (NYSE:SNV)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.Read More SNV Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SNV Stock News HeadlinesDecember 4, 2023 | finance.yahoo.comSynovus announces expiration and final tender results of its previously announced tender offerNovember 28, 2023 | seekingalpha.comSynovus Financial: Floating Preferred Offering 9.1% YieldDecember 5, 2023 | Autonomix (Ad)How to Invest Early In the Next Potential Breakthrough Nerve-Sensing TechnologyAutonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comNovember 27, 2023 | seekingalpha.comSynovus: Potential Credit Losses Limit UpsideNovember 25, 2023 | morningstar.comSynovus Financial Corp SNVNovember 16, 2023 | finance.yahoo.comSynovus announces early tender results in connection with previously announced tender offer and extends early tender payment to apply through expiration timeNovember 15, 2023 | finance.yahoo.comSynovus to present at Goldman Sachs 2023 US Financial Services ConferenceNovember 2, 2023 | finance.yahoo.comSynovus announces offer to purchase up to $150 million aggregate principal amount of its 5.900% fixed-to-fixed rate subordinated notes due 2029December 5, 2023 | Autonomix (Ad)How to Invest Early In the Next Potential Breakthrough Nerve-Sensing TechnologyAutonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comOctober 20, 2023 | finance.yahoo.comSynovus Financial Corp. (NYSE:SNV) Q3 2023 Earnings Call TranscriptOctober 20, 2023 | markets.businessinsider.comRobust Q3 Results and Promising NII Growth Drive Buy Rating for Synovus Despite Industry Challenges: An Analysis by Ebrahim PoonawalaOctober 20, 2023 | finance.yahoo.comQ3 2023 Synovus Financial Corp Earnings CallOctober 19, 2023 | finance.yahoo.comSynovus (SNV) Q3 Earnings Miss Estimates, Provisions RiseOctober 19, 2023 | seekingalpha.comSynovus Financial Corp. 2023 Q3 - Results - Earnings Call PresentationOctober 18, 2023 | markets.businessinsider.comSynovus Financial is about to announce earnings — here's what Wall Street expectsOctober 18, 2023 | finance.yahoo.comSynovus Financial Corp (SNV) Reports Q3 2023 Earnings: Diluted EPS at $0.60, Down from $1.October 18, 2023 | finance.yahoo.comSynovus Financial Corp (SNV) Reports Q3 2023 Earnings: Diluted EPS at $0.60, Down from $1. ...October 18, 2023 | finance.yahoo.comSynovus Financial (SNV) Lags Q3 Earnings EstimatesOctober 18, 2023 | finance.yahoo.comCompared to Estimates, Synovus (SNV) Q3 Earnings: A Look at Key MetricsOctober 18, 2023 | finance.yahoo.comSynovus announces earnings for the third quarter 2023October 17, 2023 | benzinga.comSynovus Bank Extends Sagent Software Deal 5 Years to Power Mortgage Servicing & AnalyticsOctober 16, 2023 | finance.yahoo.comSynovus names new president of wealth servicesOctober 9, 2023 | finance.yahoo.comIs Now The Time To Put Synovus Financial (NYSE:SNV) On Your Watchlist?October 7, 2023 | finance.yahoo.comSNV Oct 2023 27.000 callOctober 4, 2023 | markets.businessinsider.comWells Fargo Remains a Buy on Synovus (SNV)October 3, 2023 | finance.yahoo.comSynovus Financial (SNV) Divests GLOBALT to Its Leadership TeamOctober 2, 2023 | finance.yahoo.comGLOBALT and Synovus complete transaction to make GLOBALT independent entitySee More Headlines Receive SNV Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Synovus Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 10/2 Dividend9/20/2023Dividend Payable10/02/2023Last Earnings10/19/2023Today12/05/2023Ex-Dividend for 1/2 Dividend12/20/2023Fiscal Year End12/31/2023Dividend Payable1/02/2024Next Earnings (Estimated)1/17/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry National commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNYSE:SNV CUSIP87161C10 CIK18349 Webwww.synovus.com Phone(706) 641-6500Fax706-641-6555Employees5,114Year Founded1888Price Target and Rating Average Stock Price Target$33.75 High Stock Price Target$39.00 Low Stock Price Target$29.00 Potential Upside/Downside+2.0%Consensus RatingModerate Buy Rating Score (0-4)2.70 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$4.40 Trailing P/E Ratio7.52 Forward P/E Ratio7.84 P/E GrowthN/ANet Income$757.90 million Net Margins20.14% Pretax Margin25.68% Return on Equity17.48% Return on Assets1.19% Debt Debt-to-Equity Ratio0.67 Current Ratio0.90 Quick Ratio0.90 Sales & Book Value Annual Sales$2.27 billion Price / Sales2.13 Cash Flow$5.72 per share Price / Cash Flow5.78 Book Value$27.08 per share Price / Book1.22Miscellaneous Outstanding Shares146,242,000Free Float143,902,000Market Cap$4.84 billion OptionableOptionable Beta1.39 Social Links Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Kevin S. Blair (Age 52)CEO, President & Chairman Comp: $2.83MMr. Andrew Jamie Gregory Jr. (Age 47)Executive VP & CFO Comp: $1.37MMr. Daniel Zachary Bishop (Age 47)Executive VP of Technology, Operations & Security Comp: $1.1MMr. Kessel D. Stelling Jr. (Age 67)Advisor Comp: $2.97MMs. Shellie R. Creson (Age 55)Executive VP & Chief Risk Officer Comp: $745.87kMs. Jill K. Hurley (Age 43)Chief Accounting Officer & Controller Mr. Thomas T. Dierdorff (Age 55)Executive VP and Head of Corporate & Investment Banking Ms. Jennifer Haskew Demba C.F.A.Director of Investor RelationsMr. Allan E. Kamensky Esq. (Age 61)Executive VP & General Counsel Comp: $847.57kMs. Gloria C. BanksExecutive VP & Chief Compliance and Ethics OfficerMore ExecutivesKey CompetitorsF.N.B.NYSE:FNBBOK FinancialNASDAQ:BOKFZions Bancorporation, National AssociationNASDAQ:ZIONUMB FinancialNASDAQ:UMBFPinnacle Financial PartnersNASDAQ:PNFPView All CompetitorsInsiders & InstitutionsWellington Management Group LLPSold 1,402,303 shares on 12/1/2023Ownership: 3.416%American Century Companies Inc.Bought 301,604 shares on 11/30/2023Ownership: 0.655%Graham Capital Management L.P.Bought 4,070 shares on 11/22/2023Ownership: 0.086%Comerica BankSold 33,996 shares on 11/21/2023Ownership: 0.044%Walleye Trading LLCBought 5,400 shares on 11/21/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions SNV Stock Analysis - 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 year. 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 target for 2024? 10 Wall Street research analysts have issued 12 month price objectives for Synovus Financial's shares. Their SNV share price targets range from $29.00 to $39.00. On average, they anticipate the company's stock price to reach $33.75 in the next year. This suggests a possible upside of 2.0% 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 start of the year. Since then, SNV stock has decreased by 11.9% and is now trading at $33.09. 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, January 17th 2024. View our SNV earnings forecast. How were Synovus Financial's earnings last quarter? Synovus Financial Corp. (NYSE:SNV) released its earnings results on Thursday, October, 19th. The bank reported $0.84 earnings per share for the quarter, hitting analysts' consensus estimates of $0.84. The bank earned $550.30 million during the quarter, compared to analysts' expectations of $539.16 million. Synovus Financial had a trailing twelve-month return on equity of 17.48% and a net margin of 20.14%. The company's quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.34 earnings per share. How often does Synovus Financial pay dividends? What is the dividend yield for Synovus Financial? Synovus Financial declared a quarterly dividend on Friday, December 1st. Investors of record on Thursday, December 21st will be paid a dividend of $0.38 per share on Tuesday, January 2nd. This represents a $1.52 annualized dividend and a yield of 4.59%. The ex-dividend date is Wednesday, December 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 4.62%. 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 34.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SNV will have a dividend payout ratio of 41.08% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SNV. What ETFs hold Synovus Financial's stock? 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). What guidance has Synovus Financial issued on next quarter's earnings? Synovus Financial updated its FY 2023 earnings guidance on Thursday, October, 19th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.24 billion-$2.26 billion, compared to the consensus revenue estimate of $2.25 billion. 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). Who are Synovus Financial's major shareholders? Synovus Financial's stock is owned by many different institutional and retail investors. Top institutional shareholders include FMR LLC (7.32%), Wellington Management Group LLP (3.42%), North Reef Capital Management LP (3.07%), Charles Schwab Investment Management Inc. (2.54%), Bank of New York Mellon Corp (1.47%) and Morgan Stanley (1.22%). 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. View institutional ownership trends. 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. Does Synovus Financial have any subsidiaries? The following companies are subsidiares of Synovus Financial: Florida Community Bank.Read More This page (NYSE:SNV) was last updated on 12/5/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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