NYSE:SNVSynovus Financial Stock Price, Forecast & News

$20.15

-0.33 (-1.61 %)

(As of 05/28/2020 04:00 PM ET)

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Today's Range

$19.65

Now: $20.15▼

$20.80

50-Day Range

$15.33

MA: $18.32▼

$22.67

52-Week Range

$10.91

Now: $20.15▼

$40.32

Volume1.90 million shs

Average Volume2.10 million shs

Market Capitalization$2.97 billion

P/E Ratio6.81

Dividend Yield6.45%

Beta1.71

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 treasury 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 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 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, asset management and financial planning services, and individual investment advice on equity and other securities, as well as trust services. As of December 31, 2018, it operated through 249 branches and 335 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus Financial Corp. was founded in 1888 and is headquartered in Columbus, Georgia.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
Synovus Financial has received a consensus rating of Buy. The company's average rating score is 2.91, and is based on 10 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $35.80, Synovus Financial has a potential upside of 77.7% from its current price of $20.15.
Amount of Analyst Coverage
Synovus Financial has only been the subject of 4 research reports in the past 90 days.

2.0 Community Rank

Outperform Votes
Synovus Financial has received 359 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Synovus Financial has received 518 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Synovus Financial has received 59.06% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Synovus Financial 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.

4.2 Dividend Strength

Dividend Leadership
Synovus Financial is a leading dividend payer. It pays a dividend yield of 6.45%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Synovus Financial has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of Synovus Financial is 33.85 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Synovus Financial will have a dividend payout ratio of 59.73 % next year. This indicates that Synovus Financial will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Synovus Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $184,608.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.10% of the stock of Synovus Financial is held by insiders.
Percentage Held by Institutions
78.57% of the stock of Synovus Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Synovus Financial are expected to grow by 92.17% in the coming year, from $1.15 to $2.21 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Synovus Financial is 6.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.84.
Price to Earnings Ratio vs. Sector
The P/E ratio of Synovus Financial is 6.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.21.
Price to Earnings Growth Ratio
Synovus Financial has a PEG Ratio of 2.05. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Synovus Financial has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.47 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNYSE:SNV

Previous Symbol

CUSIP87161C10

CIK18349

Webwww.synovus.com

Phone706-649-2311

Debt

Debt-to-Equity Ratio0.70

Current Ratio0.96

Quick Ratio0.96

Price-To-Earnings

Trailing P/E Ratio6.81

Forward P/E Ratio17.52

P/E Growth2.05

Sales & Book Value

Annual Sales$2.41 billion

Price / Sales1.23

Cash Flow$4.65 per share

Price / Cash Flow4.33

Book Value$30.74 per share

Price / Book0.66

Profitability

EPS (Most Recent Fiscal Year)$3.90

Net Income$563.78 million

Net Margins20.00%

Return on Equity11.20%

Return on Assets1.03%

Miscellaneous

Employees5,389

Outstanding Shares147,286,000

Market Cap$2.97 billion

Next Earnings Date7/21/2020 (Estimated)

OptionableOptionable

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Synovus Financial (NYSE:SNV) Frequently Asked Questions

How has Synovus Financial's stock been impacted by COVID-19 (Coronavirus)?

Synovus Financial's stock was trading at $22.61 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SNV stock has decreased by 10.9% and is now trading at $20.15. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Synovus Financial?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 1 hold rating and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Synovus Financial.

When is Synovus Financial's next earnings date?

Synovus Financial is scheduled to release its next quarterly earnings announcement on Tuesday, July 21st 2020. View our earnings forecast for Synovus Financial.

How were Synovus Financial's earnings last quarter?

Synovus Financial Corp. (NYSE:SNV) announced its quarterly earnings results on Friday, April, 24th. The bank reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by $0.10. The bank had revenue of $477.90 million for the quarter, compared to analyst estimates of $456.99 million. Synovus Financial had a return on equity of 11.20% and a net margin of 20.00%. The business's revenue was up .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 earnings per share. View Synovus Financial's earnings history.

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

Synovus Financial declared a quarterly dividend on Tuesday, March 3rd. Shareholders of record on Monday, March 9th will be paid a dividend of $0.33 per share on Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a yield of 6.55%. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from Synovus Financial's previous quarterly dividend of $0.30. View Synovus Financial's dividend history.

What price target have analysts set for SNV?

11 brokers have issued 12-month price targets for Synovus Financial's shares. Their forecasts range from $26.00 to $42.00. On average, they expect Synovus Financial's stock price to reach $35.80 in the next twelve months. This suggests a possible upside of 77.7% from the stock's current price. View analysts' price targets for Synovus Financial.

Has Synovus Financial been receiving favorable news coverage?

News coverage about SNV stock has trended negative this week, according to InfoTrie. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Synovus Financial earned a news sentiment score of -2.0 on InfoTrie's scale. They also assigned media stories about the bank a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near term. View the latest news aboutSynovus Financial.

Are investors shorting Synovus Financial?

Synovus Financial saw a increase in short interest in May. As of May 15th, there was short interest totaling 4,930,000 shares, an increase of 26.7% from the April 30th total of 3,890,000 shares. Based on an average daily volume of 2,330,000 shares, the short-interest ratio is currently 2.1 days. Currently, 3.4% of the shares of the stock are short sold. View Synovus Financial's Current Options Chain.

Who are some of Synovus Financial's key competitors?

Some companies that are related to Synovus Financial include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), First Republic Bank (FRC), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), Signature Bank (SBNY) and East West Bancorp (EWBC). View all competitors.

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 LP Unit (ET), AT&T (T), Bank of America (BAC), Citigroup (C), Huntington Bancshares (HBAN), Pfizer (PFE), Wells Fargo & Co (WFC), Ford Motor (F), AbbVie (ABBV) and Gilead Sciences (GILD).

Who are Synovus Financial's key executives?

Synovus Financial's management team includes the following people:

Mr. Kessel D. Stelling Jr., Chairman, Pres & CEO (Age 63)
Mr. Kevin S. Blair, Sr. EVP, COO & Interim CFO (Age 48)
Mr. Mark G. Holladay, Exec. VP & Chief Risk Officer (Age 64)
Mr. Jeffrey Barton Singleton, Exec. VP & Pres of Financial Management Services (Age 55)
Ms. Jill K. Hurley, Chief Accounting Officer (Age 39)

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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.97%), Wellington Management Group LLP (7.08%), Synovus Financial Corp (4.18%), State Street Corp (3.55%), Franklin Resources Inc. (2.93%) and Alliancebernstein L.P. (2.53%). Company insiders that own Synovus Financial stock include Allan E Kamensky, Allen J Gula, Andrew J Jr Gregory, Barry L Storey, Diana M Murphy, Elizabeth W Camp, Kessel D Stelling, Kevin S Blair, Mark G Holladay, Philip W Tomlinson and Stephen T Butler. View institutional ownership trends for Synovus Financial.

Which institutional investors are selling Synovus Financial stock?

SNV stock was sold by a variety of institutional investors in the last quarter, including EJF Capital LLC, Balyasny Asset Management LLC, Squarepoint Ops LLC, BlackRock Inc., Pzena Investment Management LLC, Principal Financial Group Inc., Two Sigma Investments LP, and Victory Capital Management Inc.. View insider buying and selling activity for Synovus Financial.

Which institutional investors are buying Synovus Financial stock?

SNV stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Franklin Resources Inc., Channing Capital Management LLC, Deutsche Bank AG, Nuveen Asset Management LLC, BHZ Capital Management LP, BNP Paribas Arbitrage SA, and Schneider Capital Management Corp. Company insiders that have bought Synovus Financial stock in the last two years include Allan E Kamensky, Allen J Gula, Andrew J Jr Gregory, Barry L Storey, Diana M Murphy, Elizabeth W Camp, Kessel D Stelling, Kevin S Blair, Mark G Holladay, Philip W Tomlinson, and Stephen T Butler. View insider buying and selling activity for Synovus Financial.

How do I buy shares of Synovus Financial?

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, Robinhood, Fidelity, and Charles Schwab.

What is Synovus Financial's stock price today?

One share of SNV stock can currently be purchased for approximately $20.15.

How big of a company is Synovus Financial?

Synovus Financial has a market capitalization of $2.97 billion and generates $2.41 billion in revenue each year. The bank earns $563.78 million in net income (profit) each year or $3.90 on an earnings per share basis. Synovus Financial employs 5,389 workers across the globe.

What is Synovus Financial's official website?

The official website for Synovus Financial is www.synovus.com.

How can I contact Synovus Financial?

Synovus Financial's 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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff