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NYSE:SNVSynovus Financial Stock Price, Forecast & News

$22.61
+1.51 (+7.16 %)
(As of 06/4/2020 04:00 PM ET)
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Today's Range
$20.64
Now: $22.61
$22.67
50-Day Range
$15.33
MA: $18.42
$22.67
52-Week Range
$10.91
Now: $22.61
$40.32
Volume2.46 million shs
Average Volume2.10 million shs
Market Capitalization$3.33 billion
P/E Ratio7.64
Dividend Yield6.26%
Beta1.65
Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides various financial products and services. It offers integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services. The company's commercial banking services comprise treasury management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans. Its retail banking services consist of accepting customary types of demand and savings deposits accounts; mortgage, installment, and other consumer loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet-based banking services; and bank credit card services, including Visa and MasterCard services. The company also offers various other financial services, including portfolio management for fixed-income securities, investment banking, execution of securities transactions as a broker/dealer, asset management and financial planning services, and individual investment advice on equity and other securities, as well as trust services. As of December 31, 2018, it operated through 249 branches and 335 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus Financial Corp. was founded in 1888 and is headquartered in Columbus, Georgia.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.1Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.49 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP87161C10
Phone706-649-2311

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.41 billion
Cash Flow$4.67 per share
Book Value$30.06 per share

Profitability

Net Income$563.78 million

Miscellaneous

Employees5,389
Market Cap$3.33 billion
Next Earnings Date7/21/2020 (Estimated)
OptionableOptionable

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Synovus Financial (NYSE:SNV) Frequently Asked Questions

How has Synovus Financial's stock been impacted by COVID-19 (Coronavirus)?

Synovus Financial's stock was trading at $22.61 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SNV stock has increased by 0.0% and is now trading at $22.61. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Synovus Financial?

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.

When is Synovus Financial's next earnings date?

Synovus Financial is scheduled to release its next quarterly earnings announcement on Tuesday, July 21st 2020. View our earnings forecast for Synovus Financial.

How were Synovus Financial's earnings last quarter?

Synovus Financial Corp. (NYSE:SNV) announced its earnings results on Friday, April, 24th. The bank reported $0.21 EPS for the quarter, missing the Zacks' consensus estimate of $0.31 by $0.10. The bank had revenue of $477.90 million for the quarter, compared to analysts' expectations of $456.99 million. Synovus Financial had a net margin of 20.00% and a return on equity of 11.20%. Synovus Financial's quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the business posted $0.98 EPS. View Synovus Financial's earnings history.

How often does Synovus Financial pay dividends? What is the dividend yield for Synovus Financial?

Synovus Financial announced a quarterly dividend on Tuesday, March 3rd. Stockholders 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 yield of 5.84%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Synovus Financial's previous quarterly dividend of $0.30. View Synovus Financial's dividend history.

What price target have analysts set for SNV?

11 brokerages have issued 1-year price objectives for Synovus Financial's shares. Their forecasts range from $24.00 to $42.00. On average, they expect Synovus Financial's stock price to reach $34.10 in the next twelve months. This suggests a possible upside of 50.8% from the stock's current price. View analysts' price targets for Synovus Financial.

Has Synovus Financial been receiving favorable news coverage?

Media stories about SNV stock have been trending extremely negative on Friday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Synovus Financial earned a media sentiment score of -5.0 on InfoTrie's scale. They also assigned media headlines about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutSynovus Financial.

Are investors shorting Synovus Financial?

Synovus Financial saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 4,930,000 shares, an increase of 26.7% from the April 30th total of 3,890,000 shares. Based on an average daily volume of 2,330,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 3.4% of the shares of the company are sold short. View Synovus Financial's Current Options Chain.

Who are some of Synovus Financial's key competitors?

What other stocks do shareholders of Synovus Financial own?

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), Wells Fargo & Co (WFC), Ford Motor (F), AbbVie (ABBV) and Gilead Sciences (GILD).

Who are Synovus Financial's key executives?

Synovus Financial's management team includes the following people:
  • Mr. Kessel D. Stelling Jr., Chairman, Pres & CEO (Age 63)
  • Mr. Kevin S. Blair, Sr. EVP, COO & Interim CFO (Age 48)
  • Mr. Mark G. Holladay, Exec. VP & Chief Risk Officer (Age 64)
  • Mr. Jeffrey Barton Singleton, Exec. VP & Pres of Financial Management Services (Age 55)
  • Ms. Jill K. Hurley, Chief Accounting Officer (Age 39)

What is Synovus Financial's stock symbol?

Synovus Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNV."

Who are Synovus Financial's major shareholders?

Synovus Financial's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.97%), Wellington Management Group LLP (7.08%), Synovus Financial Corp (4.18%), State Street Corp (3.55%), Franklin Resources Inc. (2.93%) and Alliancebernstein L.P. (2.53%). Company insiders that own Synovus Financial stock 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 institutional ownership trends for Synovus Financial.

Which major investors are selling Synovus Financial stock?

SNV stock was sold by a variety of institutional investors in the last quarter, including EJF Capital LLC, Balyasny Asset Management LLC, Squarepoint Ops LLC, BlackRock Inc., Pzena Investment Management LLC, Principal Financial Group Inc., Two Sigma Investments LP, and Victory Capital Management Inc.. View insider buying and selling activity for Synovus Financial.

Which major investors are buying Synovus Financial stock?

SNV stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Franklin Resources Inc., Channing Capital Management LLC, Deutsche Bank AG, Nuveen Asset Management LLC, BHZ Capital Management LP, BNP Paribas Arbitrage SA, and Schneider Capital Management Corp. 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.

How do I buy shares of 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.

What is Synovus Financial's stock price today?

One share of SNV stock can currently be purchased for approximately $22.61.

How big of a company is Synovus Financial?

Synovus Financial has a market capitalization of $3.33 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.

What is Synovus Financial's official website?

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

How can I contact Synovus Financial?

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]

This page was last updated on 6/5/2020 by MarketBeat.com Staff

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