NYSE:SNV - Synovus Financial Stock Price, News, & Analysis

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$39.26 +1.16 (+3.04 %)
(As of 02/18/2019 01:05 AM ET)
Previous Close$39.26
Today's Range$38.2850 - $39.49
52-Week Range$29.93 - $57.40
Volume2.51 million shs
Average Volume3.00 million shs
Market Capitalization$4.57 billion
P/E Ratio10.79
Dividend Yield2.62%
Beta1.23
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 cash 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 various types of demand and savings deposits; mortgage, installment, and other retail loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfer services; Internet based banking services; and bank credit card services, including MasterCard and Visa 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, 2017, it operated through 28 divisions and 250 branches in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus Financial Corporation was founded in 1888 and is headquartered in Columbus, Georgia.

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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$1.62 billion
Cash Flow$3.9898 per share
Book Value$25.25 per share

Profitability

Net Income$428.47 million

Miscellaneous

Employees4,541
Market Cap$4.57 billion
OptionableOptionable

Synovus Financial (NYSE:SNV) Frequently Asked Questions

What is Synovus Financial's stock symbol?

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

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

Synovus Financial declared a quarterly dividend on Monday, December 3rd. Investors of record on Thursday, December 20th will be given a dividend of $0.25 per share on Wednesday, January 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Wednesday, December 19th. View Synovus Financial's Dividend History.

How will Synovus Financial's stock buyback program work?

Synovus Financial announced that its Board of Directors has authorized a share buyback program on Wednesday, January 24th 2018, which allows the company to repurchase $150,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its stock is undervalued.

How were Synovus Financial's earnings last quarter?

Synovus Financial Corp. (NYSE:SNV) issued its earnings results on Tuesday, January, 15th. The bank reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.94 by $0.02. The bank had revenue of $365.90 million for the quarter, compared to analyst estimates of $370.64 million. Synovus Financial had a return on equity of 15.68% and a net margin of 26.38%. Synovus Financial's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $0.70 EPS. View Synovus Financial's Earnings History.

When is Synovus Financial's next earnings date?

Synovus Financial is scheduled to release their next quarterly earnings announcement on Tuesday, April 23rd 2019. View Earnings Estimates for Synovus Financial.

What price target have analysts set for SNV?

13 Wall Street analysts have issued 12 month price targets for Synovus Financial's shares. Their predictions range from $30.73 to $57.00. On average, they expect Synovus Financial's stock price to reach $45.8845 in the next year. This suggests a possible upside of 16.9% from the stock's current price. View Analyst Price Targets for Synovus Financial.

What is the consensus analysts' recommendation for Synovus Financial?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Synovus Financial.

Has Synovus Financial been receiving favorable news coverage?

News headlines about SNV stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of news 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 -5 to 5, with scores nearest to five being the most favorable. Synovus Financial earned a media sentiment score of 1.4 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days.

Are investors shorting Synovus Financial?

Synovus Financial saw a drop in short interest in the month of January. As of January 15th, there was short interest totalling 5,528,166 shares, a drop of 45.9% from the December 31st total of 10,226,851 shares. Based on an average daily trading volume, of 3,587,858 shares, the days-to-cover ratio is currently 1.5 days. Approximately 4.8% of the shares of the stock are sold short. View Synovus Financial's Current Options Chain.

Who are some of Synovus Financial's key competitors?

Who are Synovus Financial's key executives?

Synovus Financial's management team includes the folowing people:
  • Mr. Kessel D. Stelling Jr., Chairman, Pres & CEO (Age 63)
  • Mr. Kevin S. Blair, Sr. EVP, COO & Interim CFO (Age 48)
  • Mr. Allan E. Kamensky, Exec. VP, Gen. Counsel & Corp. Sec. (Age 57)
  • Mr. Jeffrey Barton Singleton, Exec. VP & Pres of Financial Management Services (Age 55)
  • Ms. Jill K. Hurley, Chief Accounting Officer

Who are Synovus Financial's major shareholders?

Synovus Financial's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.10%), Synovus Financial Corp (5.15%), Millennium Management LLC (2.66%), Bank of New York Mellon Corp (2.07%), Victory Capital Management Inc. (1.93%) and Dimensional Fund Advisors LP (1.88%). Company insiders that own Synovus Financial stock include Allan E Kamensky, Allen J Gula, Curtis J Perry, D Wayne Akins Jr, Diana M Murphy, Elizabeth W Camp, Jeffrey Barton Singleton, Kessel D Stelling, Kevin Joseph Howard, Kevin S Blair, Mark G Holladay, Philip W Tomlinson and R Dallis Copeland Jr. 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 MERIAN GLOBAL INVESTORS UK Ltd, Millennium Management LLC, Martingale Asset Management L P, Brown Advisory Inc., PNC Financial Services Group Inc., Hancock Whitney Corp, First Trust Advisors LP and New York State Common Retirement Fund. Company insiders that have sold Synovus Financial company stock in the last year include Allen J Gula and Curtis J Perry. View Insider Buying and Selling 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 BlackRock Inc., Oregon Public Employees Retirement Fund, Two Sigma Investments LP, Bank of New York Mellon Corp, Two Sigma Advisers LP, Los Angeles Capital Management & Equity Research Inc., Dimensional Fund Advisors LP and Geode Capital Management LLC. Company insiders that have bought Synovus Financial stock in the last two years include Allan E Kamensky, Allen J Gula, Diana M Murphy, Elizabeth W Camp, Kessel D Stelling, Kevin S Blair, Mark G Holladay and Philip W Tomlinson. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Synovus Financial's stock price today?

One share of SNV stock can currently be purchased for approximately $39.26.

How big of a company is Synovus Financial?

Synovus Financial has a market capitalization of $4.57 billion and generates $1.62 billion in revenue each year. The bank earns $428.47 million in net income (profit) each year or $3.64 on an earnings per share basis. Synovus Financial employs 4,541 workers across the globe.

What is Synovus Financial's official website?

The official website for Synovus Financial is http://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]


MarketBeat Community Rating for Synovus Financial (NYSE SNV)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  265 (Vote Outperform)
Underperform Votes:  422 (Vote Underperform)
Total Votes:  687
MarketBeat's community ratings are surveys of what our community members think about Synovus Financial and other stocks. Vote "Outperform" if you believe SNV will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SNV will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/18/2019 by MarketBeat.com Staff

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