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NYSE:SNV

Synovus Financial Stock Forecast, Price & News

$33.35
-0.47 (-1.39 %)
(As of 11/25/2020 12:00 AM ET)
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Today's Range
$32.78
Now: $33.35
$33.60
50-Day Range
$23.67
MA: $27.14
$33.82
52-Week Range
$10.91
Now: $33.35
$40.32
Volume863,447 shs
Average Volume1.70 million shs
Market Capitalization$4.93 billion
P/E Ratio14.50
Dividend Yield3.90%
Beta1.67
Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides various financial products and services. It operates through three segments: Community Banking, Wholesale Banking, and Financial Management Services. The company's commercial banking services include treasury management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans. Its retail 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, asset management and financial planning services, and individual investment advice on equity and other securities, as well as trust services. As of December 31, 2019, it operated through 298 branches and 389 ATMs in Alabama, Florida, Georgia, South Carolina, and Tennessee. Synovus Financial Corp. was founded in 1888 and is headquartered in Columbus, Georgia.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.16 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP87161C10
Phone706-641-6500
Employees5,389

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.41 billion
Cash Flow$6.11 per share
Book Value$30.06 per share

Profitability

Net Income$563.78 million

Miscellaneous

Market Cap$4.93 billion
Next Earnings Date1/22/2021 (Estimated)
OptionableOptionable
$33.35
-0.47 (-1.39 %)
(As of 11/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Synovus Financial (NYSE:SNV) Frequently Asked Questions

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

Synovus Financial's stock was trading at $22.61 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SNV shares have increased by 47.5% and is now trading at $33.35.
View which stocks have been most impacted by COVID-19
.

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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Synovus Financial
.

What stocks does MarketBeat like better than Synovus Financial?

Wall Street analysts have given Synovus Financial a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Synovus Financial wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Synovus Financial's next earnings date?

Synovus Financial is scheduled to release its next quarterly earnings announcement on Friday, January 22nd 2021.
View our earnings forecast for Synovus Financial
.

How were Synovus Financial's earnings last quarter?

Synovus Financial Corp. (NYSE:SNV) released its quarterly earnings data on Tuesday, October, 20th. The bank reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.37. The bank earned $491.40 million during the quarter, compared to analyst estimates of $472.62 million. Synovus Financial had a return on equity of 8.51% and a net margin of 17.25%. During the same quarter last year, the company posted $0.97 EPS.
View Synovus Financial's earnings history
.

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

Synovus Financial announced a quarterly dividend on Monday, June 8th. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.33 per share on Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Wednesday, June 17th.
View Synovus Financial's dividend history
.

What price target have analysts set for SNV?

9 Wall Street analysts have issued twelve-month price objectives for Synovus Financial's stock. Their forecasts range from $13.50 to $42.00. On average, they expect Synovus Financial's share price to reach $29.15 in the next twelve months. This suggests that the stock has a possible downside of 12.6%.
View analysts' price targets for Synovus Financial
.

Are investors shorting Synovus Financial?

Synovus Financial saw a decrease in short interest in October. As of October 15th, there was short interest totaling 2,730,000 shares, a decrease of 21.6% from the September 30th total of 3,480,000 shares. Based on an average trading volume of 1,170,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.9% of the shares of the company are sold short.
View Synovus Financial's Short Interest
.

Who are some of Synovus Financial's key 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 (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).

Who are Synovus Financial's key executives?

Synovus Financial's management team includes the following people:
  • Mr. Kessel D. Stelling Jr., Chairman & CEO (Age 64, Pay $2.64M)
  • Mr. Kevin S. Blair, Pres & COO (Age 49, Pay $1.12M)
  • Mr. Andrew Jamie Gregory Jr., Exec. VP & CFO (Age 44, Pay $858.73k)
  • Mr. Mark G. Holladay, Exec. VP & Chief Risk Officer (Age 65, Pay $632.53k)
  • Mr. Kevin J. Howard, Exec. VP & Chief Wholesale Banking Officer (Age 55, Pay $719.89k)
  • Mr. Robert Warren Derrick, Exec. VP & Chief Credit Officer (Age 56, Pay $482.01k)
  • Ms. Jill K. Hurley, Chief Accounting Officer (Age 40)
  • Mr. Zack Bishop, Technology, Operations & Security Officer
  • Mr. Kevin Brown, Sr. Director of Forecasting & Analytics and Sr. Director of Investor Relations
  • Mr. Allan E. Kamensky, Exec. VP & Gen. Counsel (Age 58)

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.48%), State Street Corp (3.36%), Charles Schwab Investment Management Inc. (1.77%), Thrivent Financial for Lutherans (1.31%), Level Four Advisory Services LLC (1.22%) and Arrowstreet Capital Limited Partnership (0.85%). Company insiders that own Synovus Financial stock include Andrew J Jr Gregory, Barry L Storey, Kessel D Stelling, Mark G Holladay 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 BlackRock Inc., State Street Corp, Wells Fargo & Company MN, Mackay Shields LLC, Stieven Capital Advisors L.P., Principal Financial Group Inc., BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, and Public Employees Retirement System of Ohio.
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 Level Four Advisory Services LLC, Guggenheim Capital LLC, First Trust Advisors LP, Charles Schwab Investment Management Inc., Hunter Perkins Capital Management LLC, State of Tennessee Treasury Department, Jupiter Asset Management Ltd., and Morgan Stanley. Company insiders that have bought Synovus Financial stock in the last two years include Andrew J Jr Gregory, Barry L Storey, Kessel D Stelling, 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 $33.35.

How big of a company is Synovus Financial?

Synovus Financial has a market capitalization of $4.93 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 706-641-6500 or via email at [email protected]

This page was last updated on 11/27/2020 by MarketBeat.com Staff

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