NYSE:SNV Synovus Financial (SNV) Stock Forecast, Price & News $28.93 -0.71 (-2.40%) (As of 06/5/2023 ET) Add Compare Share Share Today's Range$28.34▼$29.4650-Day Range$25.53▼$31.7252-Week Range$25.19▼$44.91Volume1.54 million shsAverage Volume1.71 million shsMarket Capitalization$4.23 billionP/E Ratio5.61Dividend Yield5.25%Price Target$39.88 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Synovus Financial MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside37.8% Upside$39.88 Price TargetShort InterestHealthy4.10% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.69Upright™ Environmental ScoreNews Sentiment0.78Based on 5 Articles This WeekInsider TradingAcquiring Shares$309,411 Bought Last QuarterProj. Earnings Growth-3.43%From $4.66 to $4.50 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.15 out of 5 starsFinancial Services Sector1st out of 15 stocksBanks—Regional Industry1st out of 9 stocks 4.3 Analyst's Opinion Consensus RatingSynovus Financial has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 6 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $39.88, Synovus Financial has a forecasted upside of 37.8% from its current price of $28.93.Amount of Analyst CoverageSynovus Financial has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.10% of the float of Synovus Financial has been sold short.Short Interest Ratio / Days to CoverSynovus Financial has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Synovus Financial has recently increased by 13.79%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipSynovus Financial is a leading dividend payer. It pays a dividend yield of 5.13%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSynovus Financial has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Synovus Financial is 29.46%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Synovus Financial will have a dividend payout ratio of 33.78% next year. This indicates that Synovus Financial will be able to sustain or increase its dividend. Previous Next 3.1 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSynovus Financial has received a 30.46% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages provided by brick and mortar banks", "Home equity loans", "Development loans for corporations", "Wire transfer services", "Payment platforms", and "Consumer savings accounts provided by brick and mortar banks" products. See details.Environmental SustainabilityThe Environmental Impact score for Synovus Financial is -0.69. Previous Next 3.2 News and Social Media Coverage News SentimentSynovus Financial has a news sentiment score of 0.78. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Financial Services companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Synovus Financial this week, compared to 4 articles on an average week.Search InterestOnly 4 people have searched for SNV on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.MarketBeat Follows6 people have added Synovus Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Synovus Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $309,411.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.60% of the stock of Synovus Financial is held by insiders.Percentage Held by Institutions79.89% of the stock of Synovus Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Synovus Financial are expected to decrease by -3.43% in the coming year, from $4.66 to $4.50 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Synovus Financial is 5.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.84.Price to Earnings Ratio vs. SectorThe P/E ratio of Synovus Financial is 5.61, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 40.48.Price to Earnings Growth RatioSynovus Financial has a PEG Ratio of 2.11. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioSynovus Financial has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Synovus Financial (NYSE:SNV) StockSynovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services. It operates through four segments: Community Banking, Wholesale Banking, Consumer Banking, and Financial Management Services. The company's commercial banking services include treasury and asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans. Its consumer 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, and trust and financial planning services, as well as provides individual investment advice on equity and other securities. The company was founded in 1888 and is headquartered in Columbus, Georgia.Read More Receive SNV Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Synovus Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address SNV Stock News HeadlinesJune 1, 2023 | msn.comSynovus declares $0.38 dividendMay 31, 2023 | finance.yahoo.comHere’s Why Appleseed Fund Added Synovus Financial Corp. (SNV) to its PortfolioJune 6, 2023 | MarketBeat Internal (Ad)Introducing MarketBeat All AccessGet real-time financial news and market data with MarketBeat All Access. Monitor your portfolio and the markets. Access our top stock picks, unbeatable research tools, best-in-class stock screeners, and proprietary research reports.May 21, 2023 | americanbankingnews.comAnalysts Set Synovus Financial Corp. (NYSE:SNV) Price Target at $39.88May 19, 2023 | americanbankingnews.comSynovus Financial (NYSE:SNV) Shares Up 3.8%May 17, 2023 | finance.yahoo.comSmall-Bank CEOs Are Buying Up StockMay 8, 2023 | msn.comRegional Bank Stocks Continue Crypto-like VolatilityMay 7, 2023 | americanbankingnews.comInsider Buying: Synovus Financial Corp. (NYSE:SNV) CEO Acquires 4,600 Shares of StockJune 6, 2023 | MarketBeat Internal (Ad)Introducing MarketBeat All AccessGet real-time financial news and market data with MarketBeat All Access. Monitor your portfolio and the markets. Access our top stock picks, unbeatable research tools, best-in-class stock screeners, and proprietary research reports.May 6, 2023 | americanbankingnews.comSynovus Financial (NYSE:SNV) Sets New 52-Week Low at $26.30May 6, 2023 | wsj.comSynovus Financial Corp. 5.875% Non-Cum. Perp. Pfd. Series EMay 5, 2023 | americanbankingnews.comAndrew J. Jr. Gregory Purchases 2,000 Shares of Synovus Financial Corp. (NYSE:SNV) StockMay 1, 2023 | finance.yahoo.comIf EPS Growth Is Important To You, Synovus Financial (NYSE:SNV) Presents An OpportunityApril 30, 2023 | americanbankingnews.comQ2 2023 EPS Estimates for Synovus Financial Corp. (NYSE:SNV) Raised by AnalystApril 27, 2023 | americanbankingnews.comQ3 2023 EPS Estimates for Synovus Financial Corp. Reduced by Jefferies Financial Group (NYSE:SNV)April 27, 2023 | finance.yahoo.comSynovus Financial Corp. (NYSE:SNV) Q1 2023 Earnings Call TranscriptApril 27, 2023 | finance.yahoo.comSynovus announces election of Coca-Cola’s Stacy Apter to its board of directorsApril 27, 2023 | americanbankingnews.comSynovus Financial (NYSE:SNV) PT Raised to $33.00April 26, 2023 | americanbankingnews.comResearch Analysts Offer Predictions for Synovus Financial Corp.'s Q2 2023 Earnings (NYSE:SNV)April 26, 2023 | americanbankingnews.comSynovus Financial Corp. (NYSE:SNV) Receives $40.50 Consensus Target Price from BrokeragesApril 25, 2023 | americanbankingnews.comSynovus Financial (NYSE:SNV) Price Target Lowered to $40.00 at Royal Bank of CanadaApril 24, 2023 | americanbankingnews.comSynovus Financial (NYSE:SNV) Rating Increased to Buy at Janney Montgomery ScottApril 23, 2023 | americanbankingnews.comSynovus Financial (NYSE:SNV) Posts Earnings Results, Beats Expectations By $0.11 EPSApril 21, 2023 | msn.comRBC Capital Maintains Synovus Financial (SNV) Outperform RecommendationApril 21, 2023 | americanbankingnews.comSynovus Financial (NYSE:SNV) Trading 2.3% Higher on Earnings BeatApril 21, 2023 | finance.yahoo.comQ1 2023 Synovus Financial Corp Earnings CallApril 20, 2023 | finance.yahoo.comSynovus (SNV) Q1 Earnings Beat Estimates, Provisions RiseSee More Headlines SNV Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SNV Company Calendar Ex-Dividend for 4/3 Dividend3/15/2023Dividend Payable4/03/2023Last Earnings4/19/2023Today6/05/2023Ex-Dividend for 7/3 Dividend6/14/2023Dividend Payable7/03/2023Next Earnings (Estimated)7/20/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Banks—Regional Sub-IndustryRegional Banks SectorFinancial Services Current SymbolNYSE:SNV CUSIP87161C10 CIK18349 Webwww.synovus.com Phone(706) 641-6500Fax706-641-6555Employees5,072Year Founded1888Price Target and Rating Average Stock Price Forecast$39.88 High Stock Price Forecast$53.00 Low Stock Price Forecast$30.00 Forecasted Upside/Downside+37.8%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$5.16 Trailing P/E Ratio5.61 Forward P/E Ratio6.21 P/E Growth2.11Net Income$757.90 million Net Margins28.04% Pretax Margin35.91% Return on Equity19.92% Return on Assets1.33% Debt Debt-to-Equity Ratio1.22 Current Ratio0.94 Quick Ratio0.93 Sales & Book Value Annual Sales$2.49 billion Price / Sales1.70 Cash Flow$5.56 per share Price / Cash Flow5.20 Book Value$27.08 per share Price / Book1.07Miscellaneous Outstanding Shares146,120,000Free Float143,779,000Market Cap$4.23 billion OptionableOptionable Beta1.34 Social Links Key ExecutivesMr. Kevin S. Blair (Age 52)CEO, Pres & Chairman Comp: $2.83MMr. Andrew Jamie Gregory Jr. (Age 47)Exec. VP & CFO Comp: $1.37MMr. Daniel Zachary Bishop (Age 47)Exec. VP of Technology, Operations & Security Comp: $1.1MMr. Kessel D. Stelling Jr. (Age 67)Advisor Comp: $2.97MMs. Shellie R. Creson (Age 55)Exec. VP & Chief Risk Officer Comp: $745.87kMs. Jill K. Hurley (Age 43)Chief Accounting Officer & Controller Mr. Thomas T. Dierdorff (Age 55)Exec. VP and Head of Corp. & Investment Banking Cal EvansSr. Director of Investor Relations & Market IntelligenceMr. Allan E. Kamensky Esq. (Age 61)Exec. VP & Gen. Counsel Ms. Gloria C. BanksExec. VP & Chief Compliance and Ethics OfficerMore ExecutivesKey CompetitorsF.N.B.NYSE:FNBZions Bancorporation, National AssociationNASDAQ:ZIONPinnacle Financial PartnersNASDAQ:PNFPOld National BancorpNASDAQ:ONBBancFirstNASDAQ:BANFView All CompetitorsInsiders & InstitutionsPrelude Capital Management LLCSold 18,613 shares on 6/1/2023Ownership: 0.006%ProShare Advisors LLCSold 11,417 shares on 5/26/2023Ownership: 0.006%Brandywine Global Investment Management LLCSold 55,094 shares on 5/25/2023Ownership: 0.097%Ameriprise Financial Inc.Sold 114,604 shares on 5/22/2023Ownership: 0.151%American TrustSold 1,940 shares on 5/22/2023Ownership: 0.005%View All Insider TransactionsView All Institutional Transactions SNV Stock - Frequently Asked Questions Should I buy or sell Synovus Financial stock right now? 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SNV shares. View SNV analyst ratings or view top-rated stocks. What is Synovus Financial's stock price forecast for 2023? 9 brokers have issued 1-year target prices for Synovus Financial's stock. Their SNV share price forecasts range from $30.00 to $53.00. On average, they expect the company's share price to reach $39.88 in the next twelve months. This suggests a possible upside of 37.8% from the stock's current price. View analysts price targets for SNV or view top-rated stocks among Wall Street analysts. How have SNV shares performed in 2023? Synovus Financial's stock was trading at $37.55 on January 1st, 2023. Since then, SNV stock has decreased by 23.0% and is now trading at $28.93. View the best growth stocks for 2023 here. When is Synovus Financial's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023. View our SNV earnings forecast. How were Synovus Financial's earnings last quarter? Synovus Financial Corp. (NYSE:SNV) announced its quarterly earnings data on Wednesday, April, 19th. The bank reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.11. The bank earned $613.90 million during the quarter, compared to the consensus estimate of $589.40 million. Synovus Financial had a net margin of 28.04% and a trailing twelve-month return on equity of 19.92%. The business's revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 EPS. How often does Synovus Financial pay dividends? What is the dividend yield for Synovus Financial? Synovus Financial announced a quarterly dividend on Thursday, June 1st. Shareholders of record on Thursday, June 15th will be given a dividend of $0.38 per share on Monday, July 3rd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend is Wednesday, June 14th. Read our dividend analysis for SNV. What ETFs hold Synovus Financial's stock? ETFs with the largest weight of Synovus Financial (NYSE:SNV) stock in their portfolio include SPDR S&P Regional Banking ETF (KRE), iShares Focused Value Factor ETF (FOVL), Invesco KBW Regional Banking ETF (KBWR), SPDR S&P Bank ETF (KBE), Direxion Daily Regional Banks Bull 3x Shares (DPST), iShares U.S. Regional Banks ETF (IAT), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY) and First Trust Financials AlphaDEX Fund (FXO). Is Synovus Financial a good dividend stock? Synovus Financial (NYSE:SNV) pays an annual dividend of $1.52 per share and currently has a dividend yield of 5.13%. SNV has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SNV will have a dividend payout ratio of 33.78% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SNV. What is Kessel D. Stelling Jr.'s approval rating as Synovus Financial's CEO? 133 employees have rated Synovus Financial Chief Executive Officer Kessel D. Stelling Jr. on Glassdoor.com. Kessel D. Stelling Jr. has an approval rating of 93% among the company's employees. This puts Kessel D. Stelling Jr. in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 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). 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (9.65%), FMR LLC (5.25%), Wellington Management Group LLP (4.98%), State Street Corp (4.75%), Synovus Financial Corp (3.94%) and Charles Schwab Investment Management Inc. (2.34%). Insiders that own company stock include Allan E Kamensky, Andrew J Jr Gregory, Daniel Zachary Bishop, Diana M Murphy, John L Stallworth, Joseph J Prochaska Jr, Kessel D Stelling, Kevin S Blair, Mark G Holladay, Mark G Holladay and Thomas T Dierdorff. View institutional ownership trends. How do I buy shares of Synovus Financial? Shares of SNV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Synovus Financial's stock price today? One share of SNV stock can currently be purchased for approximately $28.93. How much money does Synovus Financial make? Synovus Financial (NYSE:SNV) has a market capitalization of $4.23 billion and generates $2.49 billion in revenue each year. The bank earns $757.90 million in net income (profit) each year or $5.16 on an earnings per share basis. How many employees does Synovus Financial have? The company employs 5,072 workers across the globe. Does Synovus Financial have any subsidiaries? The following companies are subsidiares of Synovus Financial: Florida Community Bank.Read More How can I contact Synovus Financial? Synovus Financial's mailing address is 1111 BAY AVENUE SUITE 500, COLUMBUS GA, 31901. The official website for the company is www.synovus.com. The bank can be reached via phone at (706) 641-6500, via email at bobmay@synovus.com, or via fax at 706-641-6555. This page (NYSE:SNV) was last updated on 6/6/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Synovus Financial Corp. 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