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About Synovus Financial (NYSE:SNV)
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 Ratio0.66
Current Ratio0.97
Quick Ratio0.97
Price-To-Earnings
Trailing P/E Ratio21.59
Forward P/E Ratio15.30
P/E Growth1.92
Sales & Book Value
Annual Sales$1.51 billion
Price / Sales4.30
Cash Flow$3.1682 per share
Price / Cash17.24
Book Value$23.86 per share
Price / Book2.29
Profitability
EPS (Most Recent Fiscal Year)$2.53
Net Income$275.47 million
Net Margins19.87%
Return on Equity12.29%
Return on Assets1.12%
Miscellaneous
Employees4,541
Outstanding Shares118,640,000
Synovus Financial (NYSE:SNV) Frequently Asked Questions
What is Synovus Financial's stock symbol?
Synovus Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNV."
How often does Synovus Financial pay dividends? What is the dividend yield for Synovus Financial?
Synovus Financial announced a quarterly dividend on Thursday, March 1st. Shareholders of record on Thursday, March 15th will be given 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 1.83%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a positive change from Synovus Financial's previous quarterly dividend of $0.15. View Synovus Financial's Dividend History.
How will Synovus Financial's stock buyback program work?
Synovus Financial declared that its board has authorized a stock repurchase plan on Wednesday, January 24th 2018, which authorizes the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.
How were Synovus Financial's earnings last quarter?
Synovus Financial Corp. (NYSE:SNV) announced its earnings results on Tuesday, April, 24th. The bank reported $0.86 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.78 by $0.08. The bank earned $341.30 million during the quarter, compared to analyst estimates of $343.04 million. Synovus Financial had a return on equity of 12.29% and a net margin of 19.87%. The firm's revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 earnings per share. View Synovus Financial's Earnings History.
When is Synovus Financial's next earnings date?
What price target have analysts set for SNV?
14 brokerages have issued 1 year price targets for Synovus Financial's stock. Their predictions range from $42.00 to $57.00. On average, they anticipate Synovus Financial's share price to reach $52.9286 in the next year. View Analyst Ratings for Synovus Financial.
Who are some of Synovus Financial's key competitors?
Some companies that are related to Synovus Financial include Banco do Brasil (BDORY), KeyCorp (KEY), Regions Financial (RF), Shinhan Financial Group (SHG), Comerica (CMA), Huntington Bancshares (HBAN), Zions Bancorp (ZION), Cullen/Frost Bankers (CFR), Akbank (AKBTY), CIT Group (CIT), BOK Financial (BOKF), PacWest Bancorp (PACW), First Horizon National (FHN), Webster Bank (WBS) and Sterling Bancorp (STL).
Who are Synovus Financial's key executives?
Synovus Financial's management team includes the folowing people:
- Mr. Kessel D. Stelling Jr., Chairman, Pres & CEO (Age 62)
- Mr. Kevin S. Blair, Exec. VP & CFO (Age 47)
- Mr. Allen J. Gula Jr., David Abee, Exec. VP & COO (Age 63)
- Mr. Allan E. Kamensky, Exec. VP, Gen. Counsel & Corp. Sec. (Age 56)
- Mr. Jeffrey Barton Singleton, Exec. VP & Pres of Financial Management Services (Age 54)
Has Synovus Financial been receiving favorable news coverage?
Media stories about SNV stock have trended somewhat positive on Thursday, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Synovus Financial earned a media sentiment score of 0.15 on Accern's scale. They also gave media headlines about the bank an impact score of 47.21 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are Synovus Financial's major shareholders?
Synovus Financial's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.05%), Synovus Financial Corp (5.03%), Millennium Management LLC (3.03%), Eagle Asset Management Inc. (2.79%), Victory Capital Management Inc. (1.93%) and Carillon Tower Advisers Inc. (1.44%). Company insiders that own Synovus Financial stock include Allan E Kamensky, Allen J Gula, Curtis J Perry, D Wayne Akins Jr, Jeffrey Barton Singleton, Kevin Joseph Howard, Liliana C Mcdaniel, Mark G Holladay, Philip W Tomlinson and R Dallis Copeland Jr. View Institutional Ownership Trends for Synovus Financial.
Which major investors are selling Synovus Financial stock?
SNV stock was sold by a variety of institutional investors in the last quarter, including Carillon Tower Advisers Inc., Victory Capital Management Inc., JPMorgan Chase & Co., Thrivent Financial for Lutherans, Hsbc Holdings PLC, Prudential Financial Inc., Hancock Holding Co. and Dupont Capital Management Corp. Company insiders that have sold Synovus Financial company stock in the last year include Allen J Gula, Curtis J Perry, Kevin Joseph Howard, Mark G Holladay, Philip W Tomlinson and R Dallis Copeland Jr. View Insider Buying and Selling for Synovus Financial.
Which major investors are buying Synovus Financial stock?
SNV stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, MUFG Securities EMEA plc, Summit Trail Advisors LLC, Caisse DE Depot ET Placement DU Quebec, Highbridge Capital Management LLC, Russell Investments Group Ltd., Eagle Asset Management Inc. and Allianz Asset Management GmbH. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Synovus Financial's stock price today?
One share of SNV stock can currently be purchased for approximately $54.62.
How big of a company is Synovus Financial?
Synovus Financial has a market capitalization of $6.51 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 Financial employs 4,541 workers across the globe.
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]
MarketBeat Community Rating for Synovus Financial (SNV)
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.
Synovus Financial (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.
14 Wall Street analysts have issued ratings and price targets for Synovus Financial in the last 12 months. Their average twelve-month price target is $52.9286, suggesting that the stock has a possible downside of 3.10%. The high price target for SNV is $57.00 and the low price target for SNV is $42.00. There are currently 10 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: | 2.29 | 2.33 | 2.33 | 2.38 |
| Ratings Breakdown: | 0 Sell Rating(s)
10 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
8 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
6 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
8 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $52.9286 | $51.9167 | $51.7273 | $44.70 |
| Price Target Upside: | 3.10% downside | 0.68% downside | 1.13% upside | 4.41% downside |
Synovus Financial (NYSE:SNV) Consensus Price Target History
Synovus Financial (NYSE:SNV) Analyst Ratings History
Show:
(Data available from 5/24/2016 forward)
Synovus Financial (NYSE:SNV) Dividend Information
Synovus Financial pays an annual dividend of $1.00 per share, with a dividend yield of 1.83%. 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 Financial pays out 39.53% of its earnings out as a dividend.
| Most Recent Dividend: | 4/2/2018 |
| Annual Dividend: | $1.00 |
| Dividend Yield: | 1.83% |
| Dividend Growth: | 26.70% (3 Year Average) |
| Payout Ratio(s): | 39.53% (Trailing 12 Months of Earnings)
28.01% (Based on This Year's Estimates)
25.45% (Based on Next Year's Estimates)
31.56% (Based on Cash Flow)
|
| Track Record: | 4 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Synovus Financial (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 Financial (NYSE SNV) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.50%
Institutional Ownership Percentage: 79.77%
Synovus Financial (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 |
|---|
| 5/16/2018 | Curtis J Perry | EVP | Sell | 2,000 | $54.36 | $108,720.00 | |  |
| 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 Financial (NYSE SNV) News Headlines
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Synovus Financial (NYSE:SNV) SEC Filings
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Synovus Financial (NYSE:SNV) Income Statement, Balance Sheet and Cash Flow Statement
Synovus Financial (NYSE SNV) Stock Chart for Thursday, May, 24, 2018
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