Synovus Financial (SNV) Stock Forecast, Price & News

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.
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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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our SNV earnings forecast.

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.

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.

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).

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.

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.

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).

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

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.
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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.
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One share of SNV stock can currently be purchased for approximately $28.93.

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.

The company employs 5,072 workers across the globe.

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.