NYSE:SNVSynovus Financial Stock Price, Forecast & News

Synovus Financial's stock was trading at $22.61 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SNV shares have decreased by 18.4% and is now trading at $18.44. View which stocks have been most 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) posted its earnings results on Friday, January, 24th. The bank reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.97 by $0.03. The bank had revenue of $498 million for the quarter, compared to analysts' expectations of $484.72 million. Synovus Financial had a return on equity of 14.09% and a net margin of 23.43%. Synovus Financial's quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 earnings per share. 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 given a dividend of $0.33 per share on Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from Synovus Financial's previous quarterly dividend of $0.30. View Synovus Financial's dividend history.

11 brokers have issued 12 month price objectives for Synovus Financial's shares. Their forecasts range from $26.00 to $42.00. On average, they expect Synovus Financial's share price to reach $37.50 in the next year. This suggests a possible upside of 103.4% from the stock's current price. View analysts' price targets for Synovus Financial.

News headlines about SNV stock have been trending very negative recently, InfoTrie Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Synovus Financial earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave media stories about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutSynovus Financial.

Synovus Financial saw a increase in short interest in 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 daily trading volume, of 1,450,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 2.6% of the shares of the stock are short sold. 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), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), Signature Bank (SBNY) and East West Bancorp (EWBC).

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 Gilead Sciences (GILD).

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 State of Alaska Department of Revenue (0.02%). Company insiders that own Synovus Financial stock include Allan E Kamensky, Allen J Gula, Andrew J Jr Gregory, Barry L Storey, Curtis J Perry, Diana M Murphy, Elizabeth W Camp, Kessel D Stelling, Kevin S Blair, Mark G Holladay, Philip W Tomlinson and Stephen T Butler. View institutional ownership trends for Synovus Financial.

SNV stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. Company insiders that have bought Synovus Financial stock in the last two years include Allan E Kamensky, Allen J Gula, Andrew J Jr Gregory, Barry L Storey, Diana M Murphy, Elizabeth W Camp, Kessel D Stelling, Kevin S Blair, Mark G Holladay, Philip W Tomlinson, and Stephen T Butler. View insider buying and selling activity for 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.

One share of SNV stock can currently be purchased for approximately $18.44.

Synovus Financial has a market capitalization of $2.72 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]