NYSE:SNV - Synovus Financial Stock Price, Forecast & News

Synovus Financial's stock was trading at $22.61 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SNV shares have decreased by 30.5% and is now trading at $15.72. View which stocks have been mosted impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 1 hold rating and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Synovus Financial.

Synovus Financial is scheduled to release its next quarterly earnings announcement on Tuesday, April 28th 2020. View our earnings forecast for Synovus Financial.

Synovus Financial Corp. (NYSE:SNV) issued its earnings results on Friday, January, 24th. The bank reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by $0.03. The bank earned $498 million during the quarter, compared to the consensus estimate of $484.72 million. Synovus Financial had a net margin of 23.43% and a return on equity of 14.09%. The company's revenue was up 36.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 EPS. View Synovus Financial's earnings history.

Synovus Financial declared a quarterly dividend on Tuesday, March 3rd. Investors of record on Monday, March 9th will be paid a dividend of $0.33 per share on Wednesday, April 1st. This represents a $1.32 annualized dividend and a yield of 8.40%. The ex-dividend date is Friday, March 6th. This is a positive change from Synovus Financial's previous quarterly dividend of $0.30. View Synovus Financial's dividend history.

11 equities research analysts have issued twelve-month target prices for Synovus Financial's stock. Their forecasts range from $26.00 to $42.00. On average, they anticipate Synovus Financial's stock price to reach $38.00 in the next twelve months. This suggests a possible upside of 141.7% from the stock's current price. View analysts' price targets for Synovus Financial.

News headlines about SNV stock have trended very negative on Thursday, according to InfoTrie. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Synovus Financial earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned press coverage about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutSynovus Financial.

Synovus Financial saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 3,730,000 shares, an increase of 20.3% from the February 13th total of 3,100,000 shares. Based on an average trading volume of 1,450,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 2.6% of the shares of the stock are sold short. View Synovus Financial's Current Options Chain.

Some companies that are related to Synovus Financial include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), M&T Bank (MTB), KeyCorp (KEY), Fifth Third Bancorp (FITB), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), First Financial Bankshares (FFIN) and Signature Bank (SBNY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Synovus Financial investors own include Energy Transfer LP Unit (ET), AT&T (T), Bank of America (BAC), Citigroup (C), Huntington Bancshares (HBAN), Pfizer (PFE), Ford Motor (F), Wells Fargo & Co (WFC), Total System Services (TSS) and CBL & Associates Properties (CBL).

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

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.

One share of SNV stock can currently be purchased for approximately $15.72.

Synovus Financial has a market capitalization of $2.31 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. View additional information about Synovus Financial.

The official website for Synovus Financial is http://www.synovus.com/.

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]