Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides various financial products and services. It offers integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services. The company's commercial banking services comprise cash management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans. Its retail banking services consist of accepting various types of demand and savings deposits; mortgage, installment, and other retail loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfer services; Internet based banking services; and bank credit card services, including MasterCard and Visa 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, asset management and financial planning services, and individual investment advice on equity and other securities, as well as trust services. As of December 31, 2017, it operated through 28 divisions and 250 branches in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus Financial Corporation was founded in 1888 and is headquartered in Columbus, Georgia.
Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNYSE:SNV
CUSIP87161C10
Phone706-649-2311
Debt
Debt-to-Equity Ratio0.60%
Current Ratio0.97%
Quick Ratio0.97%
Price-To-Earnings
Trailing P/E Ratio20.78
Forward P/E Ratio15.37
P/E Growth1.87
Sales & Book Value
Annual Sales$1.51 billion
Price / Sales4.14
Cash Flow$3.2672 per share
Price / Cash16.09
Book Value$23.85 per share
Price / Book2.20
Profitability
EPS (Most Recent Fiscal Year)$2.53
Net Income$275.47 million
Net Margins18.27%
Return on Equity11.20%
Return on Assets1.03%
Miscellaneous
Employees4,541
Outstanding Shares118,680,000
Synovus (NYSE:SNV) Frequently Asked Questions
What is Synovus' stock symbol?
Synovus trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNV."
How often does Synovus pay dividends? What is the dividend yield for Synovus?
Synovus declared a quarterly dividend on Thursday, March 1st. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.25 per share on Monday, April 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Wednesday, March 14th. This is a positive change from Synovus's previous quarterly dividend of $0.15. View Synovus' Dividend History.
How will Synovus' stock buyback program work?
Synovus declared that its board has approved a stock buyback program on Wednesday, January 24th 2018, which authorizes the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.
How were Synovus' earnings last quarter?
Synovus (NYSE:SNV) posted its quarterly earnings data on Tuesday, April, 24th. The bank reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.08. The bank earned $341.30 million during the quarter, compared to analysts' expectations of $343.04 million. Synovus had a return on equity of 11.20% and a net margin of 18.27%. The business's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the company posted $0.57 EPS. View Synovus' Earnings History.
When is Synovus' next earnings date?
What price target have analysts set for SNV?
13 brokers have issued 1 year price objectives for Synovus' stock. Their predictions range from $42.00 to $57.00. On average, they expect Synovus' share price to reach $52.3077 in the next twelve months. View Analyst Ratings for Synovus.
Who are some of Synovus' key competitors?
Some companies that are related to Synovus include Regions Financial (RF), KeyCorp (KEY), Shinhan Financial Group (SHG), Comerica (CMA), Huntington Bancshares (HBAN), Zions Bancorporation (ZION), Akbank (AKBTY), CIT Group (CIT), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), PacWest Banc (PACW), First Horizon National (FHN), Webster Bank (WBS), Pinnacle Financial Partners (PNFP) and Sterling Bancorp (STL).
Who are Synovus' key executives?
Synovus' management team includes the folowing people:
- Mr. Kessel D. Stelling Jr., Chairman, Chief Exec. Officer, Pres and Chairman of Synovus Bank (Age 61)
- Mr. Kevin S. Blair, Chief Financial Officer (Age 47)
- Mr. Allen J. Gula Jr., David Abee, Chief Operations Officer (Age 63)
- Mr. Allan E. Kamensky, Gen. Counsel & Corp. Sec. (Age 56)
- Mr. Mark G. Holladay, Chief Risk Officer (Age 63)
Has Synovus been receiving favorable news coverage?
Media stories about SNV stock have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Synovus earned a news sentiment score of 0.12 on Accern's scale. They also assigned news articles about the bank an impact score of 45.29 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.
How do I buy shares of Synovus?
Shares of SNV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Synovus' stock price today?
One share of SNV stock can currently be purchased for approximately $52.57.
How big of a company is Synovus?
Synovus has a market capitalization of $6.08 billion and generates $1.51 billion in revenue each year. The bank earns $275.47 million in net income (profit) each year or $2.53 on an earnings per share basis. Synovus employs 4,541 workers across the globe.
How can I contact Synovus?
Synovus' mailing address is 1111 BAY AVENUE SUITE 500, COLUMBUS GA, 31901. The bank can be reached via phone at 706-649-2311 or via email at [email protected]
MarketBeat Community Rating for Synovus (SNV)
MarketBeat's community ratings are surveys of what our community members think about Synovus and other stocks. Vote "Outperform" if you believe SNV will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SNV will underperform the S&P 500 over the long term. You may vote once every thirty days.
Synovus (NYSE:SNV) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
13 Wall Street analysts have issued ratings and price targets for Synovus in the last 12 months. Their average twelve-month price target is $52.3077, suggesting that the stock has a possible downside of 0.50%. The high price target for SNV is $57.00 and the low price target for SNV is $42.00. There are currently 9 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.31 | 2.36 | 2.42 | 2.36 |
| Ratings Breakdown: | 0 Sell Rating(s)
9 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
7 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
7 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
9 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $52.3077 | $51.9091 | $51.70 | $44.70 |
| Price Target Upside: | 0.50% downside | 0.46% upside | 1.21% upside | 4.41% downside |
Synovus (NYSE:SNV) Consensus Price Target History
Synovus (NYSE:SNV) Analyst Ratings History
Show:
(Data available from 4/25/2016 forward)
Synovus (NYSE:SNV) Dividend Information
Synovus pays an annual dividend of $1.00 per share, with a dividend yield of 1.90%. SNV's most recent quarterly dividend payment was Monday, April 2. The company has grown its dividend for the last 4 consecutive years and is increasing its dividend by an average of 26.70% each year. Synovus pays out 39.53% of its earnings out as a dividend.
| Most Recent Dividend: | 4/2/2018 |
| Annual Dividend: | $1.00 |
| Dividend Yield: | 1.90% |
| Dividend Growth: | 26.70% (3 Year Average) |
| Payout Ratio: | 39.53% (Trailing 12 Months of Earnings)
29.24% (Based on This Year's Estimates)
26.67% (Based on Next Year's Estimates)
|
| Track Record: | 4 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Synovus (NYSE:SNV) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/1/2018 | quarterly | $0.25 | 2.03004466098254% | 3/14/2018 | 3/15/2018 | 4/2/2018 |
| 12/8/2017 | quarterly | $0.15 | 1.24% | 12/20/2017 | 12/21/2017 | 1/2/2018 |
| 9/8/2017 | quarterly | $0.15 | 1.41% | 9/20/2017 | 9/21/2017 | 10/2/2017 |
| 6/2/2017 | quarterly | $0.15 | 1.45% | 6/13/2017 | 6/15/2017 | 7/3/2017 |
| 3/3/2017 | quarterly | $0.15 | 1.39% | 3/14/2017 | 3/16/2017 | 4/3/2017 |
| 12/2/2016 | quarterly | $0.12 | 1.21% | 12/13/2016 | 12/15/2016 | 1/2/2017 |
| 9/1/2016 | quarterly | $0.12 | 1.43% | 9/13/2016 | 9/15/2016 | 10/3/2016 |
| 6/2/2016 | quarterly | $0.12 | 1.52% | 6/14/2016 | 6/16/2016 | 7/1/2016 |
| 3/4/2016 | quarterly | $0.12 | 1.66% | 3/15/2016 | 3/17/2016 | 4/1/2016 |
| 12/3/2015 | quarterly | $0.12 | 1.44% | 12/15/2015 | 12/17/2015 | 1/4/2016 |
| 9/2/2015 | quarterly | $0.10 | 1.33% | 9/15/2015 | 9/17/2015 | 10/1/2015 |
| 6/4/2015 | quarterly | $0.10 | 1.34% | 6/16/2015 | 6/18/2015 | 7/1/2015 |
| 3/4/2015 | quarterly | $0.10 | 1.45% | 3/17/2015 | 3/19/2015 | 4/1/2015 |
| 12/3/2014 | quarterly | $0.10 | 1.54% | 12/16/2014 | 12/18/2014 | 1/2/2015 |
| 9/3/2014 | quarterly | $0.07 | 1.16% | 9/16/2014 | 9/18/2014 | 10/1/2014 |
| 5/20/2014 | quarterly | $0.07 | | 6/17/2014 | 6/19/2014 | 7/1/2014 |
| 3/7/2014 | quarterly | $0.01 | 1.13% | 3/18/2014 | 3/20/2014 | 4/1/2014 |
| 12/5/2013 | quarterly | $0.01 | 1.17% | 12/17/2013 | 12/19/2013 | 1/2/2014 |
| 9/4/2013 | quarterly | $0.01 | 1.25% | 9/17/2013 | 9/19/2013 | 10/1/2013 |
| 6/5/2013 | quarterly | $0.01 | 1.52% | 6/18/2013 | 6/20/2013 | 7/1/2013 |
| 3/5/2013 | quarterly | $0.01 | 1.49% | 3/19/2013 | 3/21/2013 | 4/1/2013 |
(Data available from 1/1/2013 forward)
Synovus (NYSE SNV) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.50%
Institutional Ownership Percentage: 80.87%
Synovus (NYSE SNV) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/1/2018 | Allen J Gula | COO | Sell | 2,450 | $50.22 | $123,039.00 | 70,111 |  |
| 2/1/2018 | Mark G Holladay | VP | Sell | 5,000 | $50.16 | $250,800.00 | 52,063 | |
| 12/8/2017 | Philip W Tomlinson | Director | Sell | 1,052 | $48.82 | $51,358.64 | 27,139 | |
| 10/27/2017 | Allen J Gula | COO | Sell | 2,125 | $47.11 | $100,108.75 | 72,561 | |
| 10/19/2017 | R Dallis Copeland Jr | EVP | Sell | 10,000 | $46.29 | $462,900.00 | 43,488 | |
| 7/24/2017 | Curtis J Perry | EVP | Sell | 7,062 | $43.86 | $309,739.32 | 60,038 | |
| 7/21/2017 | Kevin Joseph Howard | EVP | Sell | 7,000 | $43.37 | $303,590.00 | 46,490 | |
| 4/27/2017 | D Wayne Akins Jr | EVP | Sell | 3,500 | $42.96 | $150,360.00 | 34,994 | |
| 4/21/2017 | Jeffrey Barton Singleton | EVP | Sell | 10,500 | $41.96 | $440,580.00 | 58,781 | |
| 2/13/2017 | Allan E. Kamensky | General Counsel | Buy | 1,110 | $42.20 | $46,842.00 | | |
| 1/24/2017 | Allen J Gula | COO | Sell | 2,450 | $41.76 | $102,312.00 | 69,943 | |
| 11/8/2016 | Curtis J Perry | EVP | Sell | 8,000 | $33.66 | $269,280.00 | 57,125 | |
| 10/27/2016 | Mark G Holladay | VP | Sell | 6,035 | $33.28 | $200,844.80 | 53,967 | |
| 10/21/2016 | Liliana C Mcdaniel | Insider | Sell | 300 | $32.78 | $9,834.00 | 10,482 | |
| 8/5/2016 | Liliana C Mcdaniel | Insider | Sell | 300 | $31.77 | $9,531.00 | 10,782 | |
| 5/17/2016 | R Dallis Copeland Jr | EVP | Sell | 8,000 | $30.10 | $240,800.00 | 55,029 | |
| 2/3/2016 | Allan E Kamensky | General Counsel | Buy | 3,450 | $28.85 | $99,532.50 | 49,568 | |
| 1/21/2016 | Tim E Bentsen | Director | Buy | 2,700 | $28.09 | $75,843.00 | 7,949 | |
| 7/24/2015 | Kevin Joseph Howard | EVP | Sell | 5,430 | $31.85 | $172,945.50 | | |
| 2/6/2015 | Mark G Holladay | VP | Sell | 5,400 | $27.96 | $150,984.00 | | |
| 8/11/2014 | Allan E Kamensky | General Counsel | Buy | 5,654 | $22.87 | $129,306.98 | | |
| 3/4/2014 | Kevin Joseph Howard | EVP | Sell | 27,500 | $3.52 | $96,800.00 | 321,464 | |
| 2/24/2014 | Allan Kamensky | General Counsel | Buy | 5,900 | $3.43 | $20,237.00 | 210,032 | |
| 10/30/2013 | R Dallis Copeland Jr | EVP | Sell | 50,000 | $3.30 | $165,000.00 | | |
| 7/24/2013 | J Neal Purcell | Director | Buy | 50,000 | $3.09 | $154,500.00 | | |
| 7/24/2013 | Kessel D Stelling | CEO | Buy | 20,000 | $3.09 | $61,800.00 | | |
| 7/24/2013 | Mark G Holladay | VP | Buy | 1,500 | $3.09 | $4,635.00 | | |
| 7/23/2013 | T Michael Goodrich | Director | Buy | 100,000 | $3.09 | $309,000.00 | | |
| 5/9/2013 | Jerry W Nix | Director | Buy | 20,000 | $2.76 | $55,200.00 | | |
(Data available from 1/1/2013 forward)
Synovus (NYSE SNV) News Headlines
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Synovus (NYSE:SNV) SEC Filings
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Synovus (NYSE:SNV) Income Statement, Balance Sheet and Cash Flow Statement
Synovus (NYSE SNV) Stock Chart for Wednesday, April, 25, 2018
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