Synovus Financial - SNV Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SNV shares.
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9 Wall Street analysts have issued 1 year price targets for Synovus Financial's stock. Their SNV share price forecasts range from $45.00 to $68.00. On average, they anticipate the company's share price to reach $53.15 in the next twelve months. This suggests a possible upside of 22.7% from the stock's current price.
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Synovus Financial's stock was trading at $47.87 on January 1st, 2022. Since then, SNV shares have decreased by 9.5% and is now trading at $43.32.
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Synovus Financial saw a increase in short interest in July. As of July 31st, there was short interest totaling 4,570,000 shares, an increase of 20.9% from the July 15th total of 3,780,000 shares. Based on an average daily volume of 980,900 shares, the short-interest ratio is currently 4.7 days. Approximately 3.2% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
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Synovus Financial Corp. (NYSE:SNV) issued its earnings results on Thursday, July, 21st. The bank reported $1.17 EPS for the quarter, topping the consensus estimate of $1.10 by $0.07. The bank had revenue of $522.60 million for the quarter, compared to analyst estimates of $518.64 million. Synovus Financial had a trailing twelve-month return on equity of 16.40% and a net margin of 34.48%. Synovus Financial's revenue was up 5.0% on a year-over-year basis. During the same period last year, the business earned $1.20 earnings per share.

Synovus Financial declared a quarterly dividend on Thursday, June 2nd. Shareholders of record on Thursday, June 16th will be paid a dividend of $0.34 per share on Friday, July 1st. This represents a $1.36 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Wednesday, June 15th.
Read our dividend analysis for SNV.

Synovus Financial (NYSE:SNV) pays an annual dividend of $1.36 per share and currently has a dividend yield of 3.14%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 28.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SNV will have a dividend payout ratio of 25.52% 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 a number of institutional and retail investors. Top institutional shareholders include Synovus Financial Corp (4.04%), FMR LLC (2.95%), Victory Capital Management Inc. (1.11%), Northern Trust Corp (0.76%), Scout Investments Inc. (0.75%) and AM Investment Strategies LLC (0.53%). Insiders that own company stock include Andrew J Jr Gregory, John L Stallworth, John L Stallworth, John L Stallworth, Joseph J Prochaska Jr, Kessel D Stelling, Kevin S Blair, Mark G Holladay, Mark G Holladay and Stephen T Butler.
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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 $43.32.

Synovus Financial (NYSE:SNV) has a market capitalization of $6.30 billion and generates $2.10 billion in revenue each year. The bank earns $760.47 million in net income (profit) each year or $4.79 on an earnings per share basis.

The company employs 4,988 workers across the globe.

Synovus Financial was founded in 1888.

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) 649-2311, via email at bobmay@synovus.com, or via fax at 706-641-6555.