Synovus Financial - SNV Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SNV shares.
View SNV analyst ratings or view top-rated stocks.

8 equities research analysts have issued 1-year price targets for Synovus Financial's shares. Their SNV share price forecasts range from $43.00 to $55.00. On average, they anticipate the company's share price to reach $47.40 in the next year. This suggests a possible upside of 15.1% from the stock's current price.
View analysts price targets for SNV or view top-rated stocks among Wall Street analysts.

Synovus Financial's stock was trading at $37.55 at the beginning of 2023. Since then, SNV stock has increased by 9.7% and is now trading at $41.19.
View the best growth stocks for 2023 here.

Synovus Financial saw a increase in short interest during the month of December. As of December 15th, there was short interest totaling 3,830,000 shares, an increase of 18.2% from the November 30th total of 3,240,000 shares. Based on an average daily volume of 1,180,000 shares, the days-to-cover ratio is presently 3.2 days. Currently, 2.7% of the company's stock are short sold.
View Synovus Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our SNV earnings forecast.

Synovus Financial Corp. (NYSE:SNV) issued its earnings results on Monday, October, 18th. The bank reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.13. The bank had revenue of $499.87 million for the quarter, compared to the consensus estimate of $491.33 million. Synovus Financial had a trailing twelve-month return on equity of 18.93% and a net margin of 30.50%. During the same period in the prior year, the company earned $0.89 EPS.

Synovus Financial declared a quarterly dividend on Thursday, December 1st. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.34 per share on Tuesday, January 3rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Wednesday, December 14th.
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 3.30%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 27.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SNV will have a dividend payout ratio of 25.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SNV.

Synovus Financial issued an update on its FY 2023 earnings guidance on Friday, January, 20th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.39 billion-$2.48 billion, compared to the consensus revenue estimate of $2.45 billion.

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 Assenagon Asset Management S.A. (0.63%), Ferguson Wellman Capital Management Inc. (0.25%), Scout Investments Inc. (0.14%), Allspring Global Investments Holdings LLC (0.11%), Strs Ohio (0.11%) and Asio Capital LLC (0.07%). Insiders that own company stock include Allan E Kamensky, Andrew J Jr Gregory, John L Stallworth, Joseph J Prochaska Jr, Kessel D Stelling, Kevin S Blair, Mark G Holladay, Mark G Holladay and Stephen T Butler.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of SNV stock can currently be purchased for approximately $41.19.

Synovus Financial (NYSE:SNV) has a market capitalization of $5.99 billion and generates $2.49 billion in revenue each year. The bank earns $757.90 million in net income (profit) each year or $4.95 on an earnings per share basis.

The company employs 4,988 workers across the globe.

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.