Synovus Financial Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Synovus Financial stock.
View analyst ratings for Synovus Financial or view top-rated stocks.

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Synovus Financial saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 1,650,000 shares, a decrease of 21.1% from the March 31st total of 2,090,000 shares. Based on an average daily volume of 971,500 shares, the short-interest ratio is presently 1.7 days. Approximately 1.1% of the shares of the stock are short sold.
View Synovus Financial's Short Interest.

Synovus Financial is scheduled to release its next quarterly earnings announcement on Tuesday, July 20th 2021.
View our earnings forecast for Synovus Financial.

Synovus Financial Corp. (NYSE:SNV) posted its quarterly earnings results on Monday, April, 19th. The bank reported $1.21 EPS for the quarter, beating the consensus estimate of $0.93 by $0.28. The bank had revenue of $485.60 million for the quarter, compared to the consensus estimate of $483 million. Synovus Financial had a net margin of 15.84% and a trailing twelve-month return on equity of 8.20%. Synovus Financial's revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS.
View Synovus Financial's earnings history.

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 increased by 117.8% and is now trading at $49.24.
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Synovus Financial announced a quarterly dividend on Thursday, March 4th. Stockholders of record on Thursday, March 18th will be given a dividend of $0.33 per share on Thursday, April 1st. This represents a $1.32 annualized dividend and a yield of 2.68%. The ex-dividend date is Wednesday, March 17th.
View Synovus Financial's dividend history.

Synovus Financial pays an annual dividend of $1.32 per share and currently has a dividend yield of 2.71%. Synovus Financial has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strock track record of dividend growth. The dividend payout ratio of Synovus Financial is 33.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Synovus Financial will have a dividend payout ratio of 43.85% next year. This indicates that Synovus Financial will be able to sustain or increase its dividend.
View Synovus Financial's dividend history.

8 Wall Street analysts have issued 12 month target prices for Synovus Financial's shares. Their forecasts range from $13.50 to $58.00. On average, they expect Synovus Financial's share price to reach $42.28 in the next year. This suggests that the stock has a possible downside of 14.1%.
View analysts' price targets for Synovus Financial or view top-rated stocks among Wall Street analysts.

133 employees have rated Synovus Financial CEO Kessel D. Stelling Jr. on Glassdoor.com. Kessel D. Stelling Jr. has an approval rating of 93% among Synovus Financial's employees. This puts Kessel D. Stelling Jr. in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Synovus Financial include The PNC Financial Services Group (PNC), Truist Financial (TFC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), First Horizon (FHN), Zions Bancorporation, National Association (ZION) and Commerce Bancshares (CBSH).
View all of SNV's competitors.

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 BlackRock Inc. (9.18%), Synovus Financial Corp (4.01%), Alliancebernstein L.P. (2.98%), Franklin Resources Inc. (2.45%), Dimensional Fund Advisors LP (2.44%) and Bank of New York Mellon Corp (1.92%). Company insiders that own Synovus Financial stock include Andrew J Jr Gregory, Barry L Storey, John L Stallworth, 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 Credit Suisse AG, Franklin Resources Inc., Thrivent Financial for Lutherans, Alliancebernstein L.P., Prudential Financial Inc., Neuberger Berman Group LLC, Banc Funds Co. LLC, and Gamco Investors INC. ET AL.
View insider buying and selling activity for Synovus Financial or view top insider-selling stocks.

SNV stock was purchased by a variety of institutional investors in the last quarter, including Strs Ohio, BlackRock Inc., Carlson Capital L P, Assenagon Asset Management S.A., Panagora Asset Management Inc., Gradient Investments LLC, Lisanti Capital Growth LLC, and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp. Company insiders that have bought Synovus Financial stock in the last two years include Andrew J Jr Gregory, Barry L Storey, John L Stallworth, and Stephen T Butler.
View insider buying and selling activity for Synovus Financial or or view top insider-buying stocks.

Shares of SNV 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 $49.24.

Synovus Financial has a market capitalization of $7.32 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 5,134 workers across the globe.

The following companies are subsidiares of Synovus Financial: Florida Community Bank.

Synovus Financial was founded in 1888.

The official website for Synovus Financial is www.synovus.com.

Synovus Financial is headquartered at 1111 BAY AVENUE SUITE 500, COLUMBUS GA, 31901.

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]