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Synovus Financial - SNV Stock Forecast, Price & News

$40.65
-0.54 (-1.31%)
(As of 01/30/2023 01:06 PM ET)
Add
Compare
Today's Range
$40.65
$41.19
50-Day Range
$35.75
$43.10
52-Week Range
$34.15
$54.40
Volume
162,688 shs
Average Volume
1.16 million shs
Market Capitalization
$5.91 billion
P/E Ratio
8.21
Dividend Yield
3.30%
Price Target
$47.40

Synovus Financial MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
16.4% Upside
$47.40 Price Target
Short Interest
Healthy
3.08% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.37
Upright™ Environmental Score
News Sentiment
1.02mentions of Synovus Financial in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$29,039 Sold Last Quarter
Proj. Earnings Growth
3.46%
From $5.20 to $5.38 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.61 out of 5 stars

Finance Sector

227th out of 891 stocks

National Commercial Banks Industry

26th out of 85 stocks


SNV stock logo

About Synovus Financial (NYSE:SNV) Stock

Synovus Financial Corp. is a bank holding company, which engages in the provision of financial services. The company operates through the following segments: Community Banking, Wholesale Banking, and Financial Management Services (FMS). The Community Banking business segment serves customers using a relationship-based approach through its branch, ATM, commercial, and private wealth network in addition to mobile, Internet, and telephone banking. The Wholesale Banking business segment serves primarily larger corporate customers by providing commercial lending and deposit services through specialty teams including middle market, CRE, senior housing, national accounts, premium finance, structured lending, healthcare, asset-based lending, and community investment capital. The Financial Management Services (FMS) business segment serves its customers by providing mortgage and trust services and specializing in professional portfolio management for fixed-income securities, investment banking, the execution of securities transactions as a broker/dealer, asset management, financial planning, and family office services, as well as the provision of individual investment advice on equity and ot

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SNV Stock News Headlines

Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Synovus Financial (SNV) Q4 Earnings Lag Estimates
Synovus Announces Earnings for the Fourth Quarter 2022
5 Analysts Have This to Say About Synovus Finl
Why Synovus Financial (SNV) Stock Is Up Today
See More Headlines
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SNV Company Calendar

Last Earnings
10/18/2021
Ex-Dividend for 1/3 Dividend
12/14/2022
Dividend Payable
1/03/2023
Today
1/30/2023
Next Earnings (Estimated)
4/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
87161C10
Employees
4,988
Year Founded
1888

Price Target and Rating

Average Stock Price Forecast
$47.40
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$43.00
Forecasted Upside/Downside
+16.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$757.90 million
Pretax Margin
38.80%

Debt

Sales & Book Value

Annual Sales
$2.49 billion
Cash Flow
$6.06 per share
Book Value
$27.08 per share

Miscellaneous

Free Float
143,203,000
Market Cap
$5.91 billion
Optionable
Optionable
Beta
1.34

Social Links


Key Executives

  • Kevin S. BlairKevin S. Blair
    Chairman, President & Chief Executive Officer
  • Zack Bishop
    Executive VP-Technology, Operations & Security
  • Andrew Jamie GregoryAndrew Jamie Gregory
    Chief Financial Officer & Executive Vice President
  • Gloria C. Banks
    EVP, Chief Ethics & Compliance Officer
  • Robert W. Derrick
    Chief Credit Officer & Executive Vice President













SNV Stock - Frequently Asked Questions

Should I buy or sell Synovus Financial stock right now?

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.

What is Synovus Financial's stock price forecast for 2023?

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.

How have SNV shares performed in 2023?

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
.

Are investors shorting Synovus Financial?

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
.

When is Synovus Financial's next earnings date?

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

How were Synovus Financial's earnings last quarter?

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.

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

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
.

Is Synovus Financial a good dividend stock?

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.

What guidance has Synovus Financial issued on next quarter's earnings?

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.

What is Kessel D. Stelling Jr.'s approval rating as Synovus Financial's CEO?

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.

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 (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).

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 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
.

How do I buy shares of Synovus Financial?

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.

What is Synovus Financial's stock price today?

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

How much money does Synovus Financial make?

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.

How many employees does Synovus Financial have?

The company employs 4,988 workers across the globe.

Does Synovus Financial have any subsidiaries?
The following companies are subsidiares of Synovus Financial: Florida Community Bank.
Read More
How can I contact Synovus Financial?

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.

This page (NYSE:SNV) was last updated on 1/30/2023 by MarketBeat.com Staff