Synovus Financial Corp. Company Profile (NYSE:SNV)

About Synovus Financial Corp. (NYSE:SNV)

Synovus Financial Corp. logoSynovus Financial Corp. is a financial services company and a bank holding company. The Company provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services, to its customers through locally branded banking divisions of its subsidiary bank, Synovus Bank (the Bank), and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee. The Bank offers commercial banking services and retail banking services. The Bank's commercial banking services include cash management, asset management, capital markets services, institutional trust services, and commercial, financial and real estate loans. Its retail banking services include mortgage, installment and other retail loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet-based banking services, and bank credit card services, including MasterCard and Visa services.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Banks
  • Sub-Industry: Regional Banks
  • Symbol: NYSE:SNV
  • CUSIP: 87161C10
  • Web: www.synovus.com
Capitalization:
  • Market Cap: $5.66 billion
  • Outstanding Shares: 119,566,000
Average Prices:
  • 50 Day Moving Avg: $44.73
  • 200 Day Moving Avg: $43.12
  • 52 Week Range: $32.21 - $47.67
P/E:
  • Trailing P/E Ratio: 21.48
  • Foreward P/E Ratio: 16.48
  • P/E Growth: 2.37
Sales & Book Value:
  • Annual Revenue: $1.27 billion
  • Price / Sales: 4.45
  • Book Value: $24.01 per share
  • Price / Book: 1.97
Dividend:
  • Annual Dividend: $0.60
  • Dividend Yield: 1.3%
Profitability:
  • Net Margins: 21.39%
  • Return on Equity: 10.44%
  • Return on Assets: 0.97%
Debt:
  • Debt-to-Equity Ratio: 0.66%
  • Current Ratio: 0.99%
  • Quick Ratio: 0.99%
Misc:
  • Average Volume: 782,171 shs.
  • Beta: 1.1
  • Short Ratio: 3.87
 

Frequently Asked Questions for Synovus Financial Corp. (NYSE:SNV)

What is Synovus Financial Corp.'s stock symbol?

Synovus Financial Corp. trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNV."

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

Synovus Financial Corp. announced a quarterly dividend on Friday, September 8th. Shareholders of record on Thursday, September 21st will be paid a dividend of $0.15 per share on Monday, October 2nd. This represents a $0.60 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, September 20th. View Synovus Financial Corp.'s Dividend History.

How will Synovus Financial Corp.'s stock buyback program work?

Synovus Financial Corp. declared that its Board of Directors has authorized a share repurchase program on Friday, April 7th 2017, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 46% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

How were Synovus Financial Corp.'s earnings last quarter?

Synovus Financial Corp. (NYSE:SNV) issued its earnings results on Tuesday, October, 17th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.01. The firm had revenue of $398.01 million for the quarter, compared to analysts' expectations of $331.27 million. Synovus Financial Corp. had a net margin of 21.39% and a return on equity of 10.44%. During the same quarter in the previous year, the business posted $0.65 EPS. View Synovus Financial Corp.'s Earnings History.

When will Synovus Financial Corp. make its next earnings announcement?

Synovus Financial Corp. is scheduled to release their next quarterly earnings announcement on Tuesday, January, 16th 2018. View Earnings Estimates for Synovus Financial Corp..

Where is Synovus Financial Corp.'s stock going? Where will Synovus Financial Corp.'s stock price be in 2017?

14 analysts have issued 1 year target prices for Synovus Financial Corp.'s shares. Their predictions range from $23.00 to $51.00. On average, they anticipate Synovus Financial Corp.'s stock price to reach $44.70 in the next twelve months. View Analyst Ratings for Synovus Financial Corp..

Who are some of Synovus Financial Corp.'s key competitors?

Who are Synovus Financial Corp.'s key executives?

Synovus Financial Corp.'s management team includes the folowing people:

  • Kessel D. Stelling Jr., Chairman of the Board, President, Chief Executive Officer
  • Kevin S. Blair, Chief Financial Officer, Executive Vice President
  • Allen J. Gula Jr., Chief Operations Officer, Executive Vice President
  • Allan E. Kamensky, Executive Vice President, General Counsel, Secretary
  • D. Wayne Akins Jr, Executive Vice President and Chief Retail Banking Officer
  • Roy Dallis Copeland Jr., Executive Vice President, Chief Community Banking Officer
  • Mark G. Holladay, Executive Vice President, Chief Risk Officer
  • Kevin Joseph Howard, Executive Vice President, Chief Credit Officer
  • Curtis J. Perry, Executive Vice President and Chief Corporate Banking Officer
  • Jeffrey Barton Singleton, Executive Vice President and President - Synovus Financial Management Services

Who owns Synovus Financial Corp. stock?

Synovus Financial Corp.'s stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Treasurer State of Michigan (0.04%), APG Asset Management N.V. (0.02%) and Meeder Asset Management Inc. (0.01%). Company insiders that own Synovus Financial Corp. 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, R Dallis Copeland Jr and Tim E Bentsen. View Institutional Ownership Trends for Synovus Financial Corp..

Who sold Synovus Financial Corp. stock? Who is selling Synovus Financial Corp. stock?

Synovus Financial Corp.'s stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan. Company insiders that have sold Synovus Financial Corp. stock in the last year include Allen J Gula, Curtis J Perry, D Wayne Akins Jr, Jeffrey Barton Singleton, Kevin Joseph Howard, Mark G Holladay and R Dallis Copeland Jr. View Insider Buying and Selling for Synovus Financial Corp..

Who bought Synovus Financial Corp. stock? Who is buying Synovus Financial Corp. stock?

Synovus Financial Corp.'s stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V. and Meeder Asset Management Inc.. Company insiders that have bought Synovus Financial Corp. stock in the last two years include Allan E Kamensky and Tim E Bentsen. View Insider Buying and Selling for Synovus Financial Corp..

How do I buy Synovus Financial Corp. stock?

Shares of Synovus Financial Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Synovus Financial Corp.'s stock price today?

One share of Synovus Financial Corp. stock can currently be purchased for approximately $47.30.


MarketBeat Community Rating for Synovus Financial Corp. (NYSE SNV)
Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  163 (Vote Outperform)
Underperform Votes:  297 (Vote Underperform)
Total Votes:  460
MarketBeat's community ratings are surveys of what our community members think about Synovus Financial Corp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Synovus Financial Corp. (NYSE:SNV) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 9 Hold Ratings, 5 Buy Ratings
Consensus Rating:Hold (Score: 2.36)
Consensus Price Target: $44.70 (5.50% downside)
Consensus Price Target History for Synovus Financial Corp. (NYSE:SNV)
Price Target History for Synovus Financial Corp. (NYSE:SNV)
Analysts' Ratings History for Synovus Financial Corp. (NYSE:SNV)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/20/2017Robert W. BairdReiterated RatingHold$43.00N/AView Rating Details
10/19/2017Keefe, Bruyette & WoodsReiterated RatingHold$48.00N/AView Rating Details
10/18/2017Barclays PLCSet Price TargetHold$48.00 -> $49.00N/AView Rating Details
10/12/2017SunTrust Banks, Inc.Reiterated RatingBuy$51.00N/AView Rating Details
10/12/2017Jefferies Group LLCReiterated RatingHold$50.00N/AView Rating Details
9/16/2017Sanford C. BernsteinReiterated RatingMarket Perform$41.00 -> $42.00LowView Rating Details
8/15/2017StephensSet Price TargetBuy$46.00LowView Rating Details
7/17/2017Royal Bank Of CanadaInitiated CoverageOutperform -> Outperform$51.00MediumView Rating Details
5/11/2017Bank of America CorporationUpgradeNeutral -> Buy$23.00MediumView Rating Details
3/3/2017Evercore ISIDowngradeBuyN/AView Rating Details
2/2/2017JMP SecuritiesInitiated CoverageMarket PerformN/AView Rating Details
1/9/2017Wells Fargo & CompanyUpgradeUnderperform -> Market PerformN/AView Rating Details
1/9/2017Hovde GroupDowngradeOutperform -> Market Perform$44.00N/AView Rating Details
11/18/2016Compass PointDowngradeBuy -> NeutralN/AView Rating Details
7/9/2016J P Morgan Chase & CoReiterated RatingHoldN/AView Rating Details
4/20/2016Raymond James Financial, Inc.DowngradeOutperform -> Market PerformN/AView Rating Details
2/11/2016Morgan StanleyDowngradeEqual Weight -> Underweight$29.00N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Synovus Financial Corp. (NYSE:SNV)
Earnings by Quarter for Synovus Financial Corp. (NYSE:SNV)
Earnings History by Quarter for Synovus Financial Corp. (NYSE SNV)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/15/2018$0.66N/AView Earnings Details
10/17/2017Q3 2017$0.64$0.65$331.27 million$398.01 millionViewN/AView Earnings Details
7/18/2017Q2 2017$0.59$0.60$317.81 million$319.80 millionViewN/AView Earnings Details
4/18/2017Q1 17$0.51$0.57$303.05 million$311.77 millionViewN/AView Earnings Details
1/17/2017Q416$0.53$0.54$300.21 million$301.70 millionViewN/AView Earnings Details
10/18/2016Q316$0.50$0.52$295.55 million$294.16 millionViewListenView Earnings Details
7/19/2016Q216$0.47$0.49$288.06 million$289.30 millionViewListenView Earnings Details
4/19/2016Q116$0.44$0.43$284.25 million$281.34 millionViewListenView Earnings Details
1/19/2016Q415$0.43$0.44$278.29 million$278.80 millionViewListenView Earnings Details
10/20/2015Q315$0.42$0.42$274.91 million$274.85 millionViewListenView Earnings Details
7/21/2015Q215$0.39$0.42$273.74 million$272.48 millionViewListenView Earnings Details
4/21/2015Q115$0.36$0.38$269.38 million$269.10 millionViewN/AView Earnings Details
1/27/2015Q414$0.36$0.39$272.30 million$263.80 millionViewN/AView Earnings Details
10/21/2014Q314$0.37$0.37$272.35 million$270.30 millionViewListenView Earnings Details
7/22/2014Q214$0.48$0.35$266.53 million$268.40 millionViewN/AView Earnings Details
4/22/2014Q114$0.05$0.05$263.03 million$270.70 millionViewN/AView Earnings Details
1/21/2014Q413$0.05$0.05$270.05 millionViewN/AView Earnings Details
10/22/2013Q313$0.04$0.04$271.00 millionViewN/AView Earnings Details
7/18/2013Q2 2013$0.03$0.03$271.10 millionViewN/AView Earnings Details
4/23/2013Q1 2013$0.02$0.02$272.67 millionViewListenView Earnings Details
1/22/2013Q4 2012($0.09)$0.78$278.94 millionViewN/AView Earnings Details
10/23/2012$0.03$0.02ViewN/AView Earnings Details
7/24/2012$0.02$0.03ViewN/AView Earnings Details
4/24/2012$0.01$0.02ViewN/AView Earnings Details
1/24/2012$0.01ViewN/AView Earnings Details
10/27/2011($0.03)$0.02ViewN/AView Earnings Details
7/28/2011($0.06)($0.06)ViewN/AView Earnings Details
4/26/2011($0.12)($0.09)ViewN/AView Earnings Details
1/28/2011($0.20)($0.23)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Synovus Financial Corp. (NYSE:SNV)
2017 EPS Consensus Estimate: $2.41
2018 EPS Consensus Estimate: $2.89
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.51$0.53$0.52
Q2 20173$0.56$0.60$0.58
Q3 20173$0.63$0.66$0.64
Q4 20173$0.65$0.68$0.67
Q1 20183$0.63$0.71$0.67
Q2 20183$0.70$0.73$0.71
Q3 20183$0.73$0.77$0.75
Q4 20183$0.74$0.78$0.76
Q1 20191$0.69$0.69$0.69
Q2 20191$0.76$0.76$0.76
Q3 20191$0.78$0.78$0.78
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Synovus Financial Corp. (NYSE:SNV)
Most Recent Dividend:10/2/2017
Annual Dividend:$0.60
Dividend Yield:1.27%
Dividend Growth:19.70% (3 Year Average)
Payout Ratio:24.19% (Trailing 12 Months of Earnings)
24.29% (Based on This Year's Estimates)
20.91% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Synovus Financial Corp. (NYSE:SNV)

Dividend History by Quarter for Synovus Financial Corp. (NYSE SNV)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/8/2017quarterly$0.151.41%9/20/20179/21/201710/2/2017
6/2/2017quarterly$0.151.45%6/13/20176/15/20177/3/2017
3/3/2017quarterly$0.151.39%3/14/20173/16/20174/3/2017
12/2/2016quarterly$0.121.21%12/13/201612/15/20161/2/2017
9/1/2016quarterly$0.121.43%9/13/20169/15/201610/3/2016
6/2/2016quarterly$0.121.52%6/14/20166/16/20167/1/2016
3/4/2016quarterly$0.121.66%3/15/20163/17/20164/1/2016
12/3/2015quarterly$0.121.44%12/15/201512/17/20151/4/2016
9/2/2015quarterly$0.101.33%9/15/20159/17/201510/1/2015
6/4/2015quarterly$0.101.34%6/16/20156/18/20157/1/2015
3/4/2015quarterly$0.101.45%3/17/20153/19/20154/1/2015
12/3/2014quarterly$0.101.54%12/16/201412/18/20141/2/2015
9/3/2014quarterly$0.071.16%9/16/20149/18/201410/1/2014
5/20/2014quarterly$0.076/17/20146/19/20147/1/2014
3/7/2014quarterly$0.011.13%3/18/20143/20/20144/1/2014
12/5/2013quarterly$0.011.17%12/17/201312/19/20131/2/2014
9/4/2013quarterly$0.011.25%9/17/20139/19/201310/1/2013
6/5/2013quarterly$0.011.52%6/18/20136/20/20137/1/2013
3/5/2013quarterly$0.011.49%3/19/20133/21/20134/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Synovus Financial Corp. (NYSE:SNV)
Insider Ownership Percentage: 1.50%
Institutional Ownership Percentage: 77.87%
Insider Trades by Quarter for Synovus Financial Corp. (NYSE:SNV)
Institutional Ownership by Quarter for Synovus Financial Corp. (NYSE:SNV)
Insider Trades by Quarter for Synovus Financial Corp. (NYSE:SNV)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/19/2017R Dallis Copeland JrEVPSell10,000$46.29$462,900.00View SEC Filing  
7/24/2017Curtis J PerryEVPSell7,062$43.86$309,739.32View SEC Filing  
7/21/2017Kevin Joseph HowardEVPSell7,000$43.37$303,590.00View SEC Filing  
4/27/2017D Wayne Akins JrEVPSell3,500$42.96$150,360.00View SEC Filing  
4/21/2017Jeffrey Barton SingletonEVPSell10,500$41.96$440,580.00View SEC Filing  
2/13/2017Allan E. KamenskyGeneral CounselBuy1,110$42.20$46,842.00View SEC Filing  
1/24/2017Allen J GulaCOOSell2,450$41.76$102,312.00View SEC Filing  
11/8/2016Curtis J PerryEVPSell8,000$33.66$269,280.00View SEC Filing  
10/27/2016Mark G HolladayVPSell6,035$33.28$200,844.80View SEC Filing  
10/21/2016Liliana C McdanielInsiderSell300$32.78$9,834.00View SEC Filing  
8/5/2016Liliana C McdanielInsiderSell300$31.77$9,531.00View SEC Filing  
5/17/2016R Dallis Copeland JrEVPSell8,000$30.10$240,800.00View SEC Filing  
2/3/2016Allan E KamenskyGeneral CounselBuy3,450$28.85$99,532.50View SEC Filing  
1/21/2016Tim E BentsenDirectorBuy2,700$28.09$75,843.00View SEC Filing  
7/24/2015Kevin Joseph HowardEVPSell5,430$31.85$172,945.50View SEC Filing  
2/6/2015Mark G HolladayVPSell5,400$27.96$150,984.00View SEC Filing  
8/11/2014Allan E KamenskyGeneral CounselBuy5,654$22.87$129,306.98View SEC Filing  
3/4/2014Kevin Joseph HowardEVPSell27,500$3.52$96,800.00View SEC Filing  
2/24/2014Allan KamenskyGeneral CounselBuy5,900$3.43$20,237.00View SEC Filing  
10/30/2013R Dallis Copeland JrEVPSell50,000$3.30$165,000.00View SEC Filing  
7/24/2013J Neal PurcellDirectorBuy50,000$3.09$154,500.00View SEC Filing  
7/24/2013Kessel D StellingCEOBuy20,000$3.09$61,800.00View SEC Filing  
7/24/2013Mark G HolladayVPBuy1,500$3.09$4,635.00View SEC Filing  
7/23/2013T Michael GoodrichDirectorBuy100,000$3.09$309,000.00View SEC Filing  
5/9/2013Jerry W NixDirectorBuy20,000$2.76$55,200.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Synovus Financial Corp. (NYSE:SNV)
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Chart

Synovus Financial Corp. (SNV) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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