Synovus Financial Stock Forecast, Price & News

Synovus Financial's stock was trading at $22.61 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SNV stock has decreased by 8.5% and is now trading at $20.69.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 1 hold rating and 8 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, October 27th 2020.
View our earnings forecast for Synovus Financial.

Synovus Financial Corp. (NYSE:SNV) released its earnings results on Tuesday, July, 21st. The bank reported $0.23 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.15 by $0.08. The bank had revenue of $472.80 million for the quarter, compared to the consensus estimate of $450.30 million. Synovus Financial had a return on equity of 8.51% and a net margin of 17.25%. The firm's revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 earnings per share.
View Synovus Financial's earnings history.

Synovus Financial declared a quarterly dividend on Monday, June 8th. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.33 per share on Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 6.38%. The ex-dividend date of this dividend is Wednesday, June 17th.
View Synovus Financial's dividend history.

9 brokers have issued 1 year price objectives for Synovus Financial's stock. Their forecasts range from $19.00 to $42.00. On average, they anticipate Synovus Financial's share price to reach $31.22 in the next twelve months. This suggests a possible upside of 50.9% from the stock's current price.
View analysts' price targets for Synovus Financial.

Some companies that are related to Synovus Financial include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC), Signature Bank (SBNY) and Cullen/Frost Bankers (CFR).
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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), Citigroup (C), Bank of America (BAC), Ford Motor (F), Huntington Bancshares (HBAN), Pfizer (PFE), AbbVie (ABBV), JPMorgan Chase & Co. (JPM) and Wells Fargo & Company (WFC).

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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.14%), Synovus Financial Corp (4.11%), FMR LLC (2.73%), Charles Schwab Investment Management Inc. (1.65%), Bank of New York Mellon Corp (1.41%) and Thrivent Financial for Lutherans (1.32%). Company insiders that own Synovus Financial stock include Allen J Gula, Andrew J Jr Gregory, Barry L Storey, Elizabeth W Camp, Kessel D Stelling, Kevin S Blair, Mark G Holladay and Stephen T Butler.
View institutional ownership trends for Synovus Financial.

SNV stock was sold by a variety of institutional investors in the last quarter, including Prudential PLC, Nuveen Asset Management LLC, EJF Capital LLC, Gillson Capital LP, BHZ Capital Management LP, Vanguard Group Inc., Synovus Financial Corp, and AQR Capital Management LLC.
View insider buying and selling activity for Synovus Financial.

SNV stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Charles Schwab Investment Management Inc., Level Four Advisory Services LLC, Channing Capital Management LLC, Prudential Financial Inc., First Trust Advisors LP, Nordea Investment Management AB, and MERIAN GLOBAL INVESTORS UK Ltd. Company insiders that have bought Synovus Financial stock in the last two years include Andrew J Jr Gregory, Barry L Storey, Elizabeth W Camp, Kessel D Stelling, Kevin S Blair, 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 $20.69.

Synovus Financial has a market capitalization of $3.05 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.

The official website for Synovus Financial is 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 706-641-6500 or via email at [email protected]