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Synovus Financial (SNV) Stock Price, News & Analysis

$40.05
+0.15 (+0.38%)
(As of 11:27 AM ET)
Today's Range
$39.85
$40.27
50-Day Range
$33.92
$40.15
52-Week Range
$24.40
$40.92
Volume
254,101 shs
Average Volume
1.42 million shs
Market Capitalization
$5.86 billion
P/E Ratio
13.72
Dividend Yield
3.80%
Price Target
$41.50

Synovus Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
3.8% Upside
$41.50 Price Target
Short Interest
Bearish
4.35% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.71
Upright™ Environmental Score
News Sentiment
0.92mentions of Synovus Financial in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.71%
From $3.83 to $4.47 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.47 out of 5 stars

Finance Sector

157th out of 848 stocks

National Commercial Banks Industry

28th out of 81 stocks

SNV stock logo

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 lending services. 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, including Visa and MasterCard 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, trust management, 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 Stock Price History

SNV Stock News Headlines

Insider Buying: EVP & CFO GREGORY ANDREW J. JR.
Barclays Reaffirms Their Hold Rating on Synovus (SNV)
Q1 2024 Synovus Financial Corp Earnings Call
Synovus (SNV) Gets a Buy from KBW
Synovus Financial Q1 Profit Decreases, misses estimates
Synovus Financial Corp. releases 2023 Annual Report
SNV April 26th Options Begin Trading
Expert Outlook: Synovus Finl Through The Eyes Of 10 Analysts
See More Headlines
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Company Calendar

Ex-Dividend for 4/1 Dividend
3/20/2024
Dividend Payable
4/01/2024
Last Earnings
4/18/2024
Today
5/21/2024
Next Earnings (Estimated)
7/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
CUSIP
87161C10
Employees
4,879
Year Founded
1888

Price Target and Rating

Average Stock Price Target
$41.50
High Stock Price Target
$48.00
Low Stock Price Target
$37.00
Potential Upside/Downside
+4.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
16 Analysts

Profitability

Net Income
$543.71 million
Pretax Margin
17.04%

Debt

Sales & Book Value

Annual Sales
$3.45 billion
Cash Flow
$4.99 per share
Book Value
$31.50 per share

Miscellaneous

Free Float
145,254,000
Market Cap
$5.84 billion
Optionable
Optionable
Beta
1.41

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SNV Stock Analysis - Frequently Asked Questions

Should I buy or sell Synovus Financial stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 7 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street 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?

16 analysts have issued 12 month price objectives for Synovus Financial's stock. Their SNV share price targets range from $37.00 to $48.00. On average, they anticipate the company's share price to reach $41.50 in the next year. This suggests a possible upside of 3.8% 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 2024?

Synovus Financial's stock was trading at $37.65 at the beginning of 2024. Since then, SNV shares have increased by 6.2% and is now trading at $39.99.
View the best growth stocks for 2024 here
.

When is Synovus Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024.
View our SNV earnings forecast
.

How were Synovus Financial's earnings last quarter?

Synovus Financial Corp. (NYSE:SNV) posted its quarterly earnings results on Thursday, April, 18th. The bank reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by $0.20. The bank had revenue of $537.73 million for the quarter, compared to the consensus estimate of $547.62 million. Synovus Financial had a net margin of 13.29% and a trailing twelve-month return on equity of 12.93%. The company's revenue was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 earnings per share.

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

Synovus Financial announced a quarterly dividend on Monday, March 4th. Stockholders of record on Thursday, March 21st will be paid a dividend of $0.38 per share on Monday, April 1st. This represents a $1.52 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Wednesday, March 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 3.83%. 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 52.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SNV will have a dividend payout ratio of 34.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SNV.

What guidance has Synovus Financial issued on next quarter's earnings?

Synovus Financial issued an update on its FY 2024 earnings guidance on Friday, April, 19th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.2 billion-$2.2 billion, compared to the consensus revenue estimate of $2.2 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 Vanguard Group Inc. (10.17%), Silvercrest Asset Management Group LLC (1.89%), Pzena Investment Management LLC (0.53%), LSV Asset Management (0.39%), Retirement Systems of Alabama (0.38%) and Principal Financial Group Inc. (0.38%). Insiders that own company stock include Allan E Kamensky, Andrew J Jr Gregory, Daniel Zachary Bishop, Diana M Murphy, Eli Samaha, Joseph J Prochaska Jr, Kessel D Stelling, Kevin S Blair, Mark G Holladay, Mark G Holladay, Thomas T Dierdorff and Tim E Bentsen.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 5/22/2024 by MarketBeat.com Staff

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