NYSE:SNV Synovus Financial (SNV) Stock Forecast, Price & News $27.83 +0.10 (+0.36%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$27.55▼$27.9950-Day Range$27.73▼$34.9252-Week Range$25.19▼$44.91Volume937,031 shsAverage Volume1.31 million shsMarket Capitalization$4.07 billionP/E Ratio5.42Dividend Yield5.46%Price Target$37.10 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Synovus Financial MarketRank™ ForecastAnalyst RatingModerate Buy2.70 Rating ScoreUpside/Downside33.3% Upside$37.10 Price TargetShort InterestHealthy2.61% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.70Upright™ Environmental ScoreNews Sentiment0.50Based on 22 Articles This WeekInsider TradingAcquiring Shares$4.42 M Bought Last QuarterProj. Earnings Growth-8.39%From $4.29 to $3.93 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.3.27 out of 5 starsFinance Sector20th out of 840 stocksNational Commercial Banks Industry7th out of 83 stocks 4.4 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 $37.10, Synovus Financial has a forecasted upside of 33.3% from its current price of $27.83.Amount of Analyst CoverageSynovus Financial has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.61% 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 3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Synovus Financial has recently decreased by 8.92%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipSynovus Financial is a leading dividend payer. It pays a dividend yield of 5.46%, 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 29.63%. 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 38.68% next year. This indicates that Synovus Financial will be able to sustain or increase its dividend. Previous Next 3.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSynovus Financial has received a 27.72% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages provided by brick and mortar banks", "Home equity loans", "Development loans for corporations", "Wire transfer services", "Payment platforms", and "Consumer savings accounts provided by brick and mortar banks" products. See details.Environmental SustainabilityThe Environmental Impact score for Synovus Financial is -0.70. Previous Next 2.5 News and Social Media Coverage News SentimentSynovus Financial has a news sentiment score of 0.50. 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 lower news sentiment than the 0.72 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 22 news articles for Synovus Financial this week, compared to 4 articles on an average week.Search InterestOnly 3 people have searched for SNV on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.MarketBeat Follows3 people have added Synovus Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 200% 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 $4,419,672.00 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 -8.39% in the coming year, from $4.29 to $3.93 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Synovus Financial is 5.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.68.Price to Earnings Ratio vs. SectorThe P/E ratio of Synovus Financial is 5.42, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 67.88.Price to Earnings Growth RatioSynovus Financial has a PEG Ratio of 2.16. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioSynovus Financial has a P/B Ratio of 1.03. 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 (NYSE:SNV) StockSynovus 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SNV Stock News HeadlinesSeptember 23, 2023 | americanbankingnews.comEli Samaha Buys 197,705 Shares of Synovus Financial Corp. (NYSE:SNV) StockSeptember 22, 2023 | americanbankingnews.comSynovus Financial (NYSE:SNV) PT Lowered to $35.00September 24, 2023 | Chaikin Analytics (Ad)This is the #1 Stock to Buy for the AI Tidal WaveMarc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.September 22, 2023 | americanbankingnews.comQ3 2023 EPS Estimates for Synovus Financial Corp. Reduced by DA Davidson (NYSE:SNV)September 21, 2023 | msn.comDA Davidson Maintains Synovus Financial (SNV) Buy RecommendationSeptember 20, 2023 | msn.comSynovus stock dips after disclosing $23M charge-off on soured loanSeptember 20, 2023 | markets.businessinsider.comAnalyst Expectations for Synovus Finl's FutureSeptember 20, 2023 | finance.yahoo.comSynovus (SNV) to See $23M NCO in Q3 From Bankrupt BorrowerSeptember 24, 2023 | Chaikin Analytics (Ad)This is the #1 Stock to Buy for the AI Tidal WaveMarc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.September 20, 2023 | finance.yahoo.comUnraveling Synovus Financial Corp's Dividend Performance: A Comprehensive AnalysisSeptember 20, 2023 | americanbankingnews.comSynovus Financial Corp. (NYSE:SNV) Receives $37.30 Average Target Price from AnalystsSeptember 20, 2023 | americanbankingnews.comSynovus Financial Corp. (NYSE:SNV) Receives Average Rating of "Moderate Buy" from BrokeragesSeptember 19, 2023 | finance.yahoo.comSynovus to announce third quarter 2023 results on Oct. 19, 2023September 17, 2023 | finance.yahoo.comSuccessful Retirees Master These 7 Money Moves To Keep Their Retirement Funds SecureSeptember 16, 2023 | msn.comSynovus Financial: Exhibiting A Solid Risk/Reward OpportunitySeptember 15, 2023 | benzinga.comSynovus Finl's Ex-Dividend Date Is Wednesday, Here's What You Need To KnowSeptember 14, 2023 | seekingalpha.comSynovus Preferred Stock Looks MispricedSeptember 11, 2023 | finance.yahoo.com2.5% earnings growth over 5 years has not materialized into gains for Synovus Financial (NYSE:SNV) shareholders over that periodSeptember 5, 2023 | bizjournals.comS&P Global gives Truist stable credit rating as Charlotte bank remains on downgrade watch by Moody'sAugust 31, 2023 | nasdaq.comRBC Capital Reiterates Synovus Financial (SNV) Outperform RecommendationAugust 30, 2023 | markets.businessinsider.comWhat 7 Analyst Ratings Have To Say About Synovus FinlAugust 26, 2023 | nasdaq.comOctober 6th Options Now Available For Synovus Financial (SNV)August 23, 2023 | finance.yahoo.comSynovus Bank CEO talks plans for Alabama marketAugust 18, 2023 | finance.yahoo.comWhy Is Synovus (SNV) Down 7.7% Since Last Earnings Report?August 15, 2023 | finance.yahoo.comFirst Horizon (FHN) to Gain From Buyouts, Muted Mortgage AilsAugust 9, 2023 | reuters.comPE firm KKR acquires $373 mln portfolio of Synovus Bank's prime auto loansAugust 8, 2023 | finance.yahoo.comKKR Scoops Up Auto Loan Portfolio as Regional Banks Shed AssetsSee 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 SNV Company Calendar Ex-Dividend for 7/3 Dividend6/14/2023Dividend Payable7/03/2023Last Earnings7/19/2023Ex-Dividend for 10/2 Dividend9/20/2023Today9/24/2023Dividend Payable10/02/2023Next Earnings (Confirmed)10/18/2023Fiscal Year End12/31/2023Get 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 Forecast$37.10 High Stock Price Forecast$45.00 Low Stock Price Forecast$30.00 Forecasted Upside/Downside+33.3%Consensus RatingModerate Buy Rating Score (0-4)2.70 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$5.13 Trailing P/E Ratio5.42 Forward P/E Ratio6.49 P/E Growth2.16Net Income$757.90 million Net Margins25.05% Pretax Margin32.04% Return on Equity19.61% Return on Assets1.31% Debt Debt-to-Equity Ratio0.94 Current Ratio0.93 Quick Ratio0.92 Sales & Book Value Annual Sales$2.49 billion Price / Sales1.64 Cash Flow$5.69 per share Price / Cash Flow4.89 Book Value$27.08 per share Price / Book1.03Miscellaneous Outstanding Shares146,170,000Free Float143,828,000Market Cap$4.07 billion OptionableOptionable Beta1.39 Social Links Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.Get This Free Report Key ExecutivesMr. Kevin S. Blair (Age 52)CEO, Pres & Chairman Comp: $2.83MMr. Andrew Jamie Gregory Jr. (Age 47)Exec. VP & CFO Comp: $1.37MMr. Daniel Zachary Bishop (Age 47)Exec. VP of Technology, Operations & Security Comp: $1.1MMr. Kessel D. Stelling Jr. (Age 67)Advisor Comp: $2.97MMs. Shellie R. Creson (Age 55)Exec. VP & Chief Risk Officer Comp: $745.87kMs. Jill K. Hurley (Age 43)Chief Accounting Officer & Controller Mr. Thomas T. Dierdorff (Age 55)Exec. VP and Head of Corp. & Investment Banking Ms. Jennifer Haskew Demba C.F.A.Director of Investor RelationsMr. Allan E. Kamensky Esq. (Age 61)Exec. VP & Gen. Counsel Ms. Gloria C. BanksExec. VP & Chief Compliance and Ethics OfficerMore ExecutivesKey CompetitorsOld National BancorpNASDAQ:ONBF.N.B.NYSE:FNBPinnacle Financial PartnersNASDAQ:PNFPZions Bancorporation, National AssociationNASDAQ:ZIONBOK FinancialNASDAQ:BOKFView All CompetitorsInsiders & InstitutionsEli SamahaBought 8,884 shares on 9/21/2023Total: $188,785.00 ($21.25/share)Barclays PLCBought 146,236 shares on 9/21/2023Ownership: 0.254%Eli SamahaBought 197,705 shares on 9/19/2023Total: $4.23 M ($21.40/share)Comerica BankBought 98,270 shares on 8/22/2023Ownership: 0.067%Virginia Retirement Systems ET ALBought 84,200 shares on 8/22/2023Ownership: 0.058%View All Insider TransactionsView All Institutional Transactions SNV Stock - Frequently Asked Questions Should I buy or sell Synovus Financial stock right now? 10 Wall Street 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 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 equities research analysts have issued 12 month price targets for Synovus Financial's stock. Their SNV share price forecasts range from $30.00 to $45.00. On average, they anticipate the company's stock price to reach $37.10 in the next year. This suggests a possible upside of 33.3% 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 25.9% and is now trading at $27.83. 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) posted its earnings results on Wednesday, July, 19th. The bank reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.02. The bank had revenue of $567.81 million for the quarter, compared to the consensus estimate of $570.82 million. Synovus Financial had a trailing twelve-month return on equity of 19.61% and a net margin of 25.05%. 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 paid 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 5.46%. The ex-dividend date of this dividend is Wednesday, September 20th. 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). 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 5.46%. 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 38.68% 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." Who are Synovus Financial's major shareholders? Synovus Financial's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.51%), State Street Corp (4.70%), Synovus Financial Corp (3.96%), Charles Schwab Investment Management Inc. (2.45%), Dimensional Fund Advisors LP (2.36%) and Silvercrest Asset Management Group LLC (2.04%). 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. What is Synovus Financial's stock price today? One share of SNV stock can currently be purchased for approximately $27.83. How much money does Synovus Financial make? Synovus Financial (NYSE:SNV) has a market capitalization of $4.07 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 9/24/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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