Synovus Financial Stock Forecast, Price & News

$39.80
+0.87 (+2.23 %)
(As of 09/22/2021 04:00 PM ET)
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Today's Range
$39.51
$40.30
50-Day Range
$38.93
$44.40
52-Week Range
$19.39
$50.51
Volume1.04 million shs
Average Volume933,339 shs
Market Capitalization$5.83 billion
P/E Ratio10.21
Dividend Yield3.39%
Beta1.62
30 days | 90 days | 365 days | Advanced Chart
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Synovus Financial logo

About Synovus Financial

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 also 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 a

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MarketRank

Overall MarketRank

2.54 out of 5 stars

Finance Sector

220th out of 1,332 stocks

National Commercial Banks Industry

21st out of 109 stocks

Analyst Opinion: 2.4Community Rank: 4.0Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
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Synovus Financial (NYSE:SNV) Frequently Asked Questions

Is Synovus Financial a buy right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last twelve months. 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.

What stocks does MarketBeat like better than Synovus Financial?

Wall Street analysts have given Synovus Financial a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Synovus Financial wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Synovus Financial's next earnings date?

Synovus Financial is scheduled to release its next quarterly earnings announcement on Tuesday, October 19th 2021.
View our earnings forecast for Synovus Financial
.

How can I listen to Synovus Financial's earnings call?

Synovus Financial will be holding an earnings conference call on Tuesday, October 19th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Synovus Financial's earnings last quarter?

Synovus Financial Corp. (NYSE:SNV) announced its quarterly earnings data on Monday, July, 19th. The bank reported $1.20 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.03 by $0.17. The bank earned $488.95 million during the quarter, compared to analyst estimates of $486.99 million. Synovus Financial had a net margin of 28.77% and a trailing twelve-month return on equity of 14.65%. During the same quarter in the previous year, the business posted $0.23 EPS.
View Synovus Financial's earnings history
.

How has Synovus Financial's stock price been impacted by COVID-19?

Synovus Financial's stock was trading at $22.61 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SNV shares have increased by 76.0% and is now trading at $39.80.
View which stocks have been most impacted by COVID-19
.

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

Synovus Financial declared a quarterly dividend on Thursday, September 2nd. Stockholders of record on Thursday, September 16th will be given a dividend of $0.33 per share on Friday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Wednesday, September 15th.
View Synovus Financial's dividend history
.

Is Synovus Financial a good dividend stock?

Synovus Financial pays an annual dividend of $1.32 per share and currently has a dividend yield of 3.39%. Synovus Financial has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Synovus Financial is 54.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Synovus Financial will have a dividend payout ratio of 32.27% next year. This indicates that Synovus Financial will be able to sustain or increase its dividend.
View Synovus Financial's dividend history.

What price target have analysts set for SNV?

8 brokerages have issued 12 month target prices for Synovus Financial's stock. Their forecasts range from $13.50 to $59.00. On average, they expect Synovus Financial's share price to reach $44.39 in the next twelve months. This suggests a possible upside of 11.5% from the stock's current price.
View analysts' price targets for Synovus Financial
or view top-rated stocks among Wall Street analysts.

Who are Synovus Financial's key executives?

Synovus Financial's management team includes the following people:
  • Kevin S. Blair, President, Chief Executive Officer & Director
  • Andrew Jamie Gregory, Chief Financial Officer & Executive Vice President
  • Zack Bishop, Executive Vice President-Technology & Operations
  • Gloria C. Banks, EVP, Chief Ethics & Compliance Officer
  • Mark G. Holladay, Chief Risk Officer & Executive Vice President

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

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.

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 (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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.33%), BlackRock Inc. (8.98%), State Street Corp (4.38%), Alliancebernstein L.P. (2.88%), Dimensional Fund Advisors LP (2.10%) and FMR LLC (2.03%). Company insiders that own Synovus Financial stock include Andrew J Jr Gregory, John L Stallworth, Mark G Holladay, Mark G Holladay and Stephen T Butler.
View institutional ownership trends for Synovus Financial
.

Which institutional investors are selling Synovus Financial stock?

SNV stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Credit Suisse AG, Dimensional Fund Advisors LP, BlackRock Inc., Carlson Capital L P, Alliancebernstein L.P., Lisanti Capital Growth LLC, and Macquarie Group Ltd..
View insider buying and selling activity for Synovus Financial
or view top insider-selling stocks.

Which institutional investors are buying Synovus Financial stock?

SNV stock was acquired by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company , FMR LLC, Invesco Ltd., Vanguard Group Inc., Scout Investments Inc., State Street Corp, Victory Capital Management Inc., and Millennium Management LLC. Company insiders that have bought Synovus Financial stock in the last two years include Andrew J Jr Gregory, John L Stallworth, and Stephen T Butler.
View insider buying and selling activity for Synovus Financial
or or view top insider-buying stocks.

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 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 $39.80.

How much money does Synovus Financial make?

Synovus Financial has a market capitalization of $5.83 billion and generates $2.31 billion in revenue each year. The bank earns $373.70 million in net income (profit) each year or $2.41 on an earnings per share basis.

How many employees does Synovus Financial have?

Synovus Financial employs 5,247 workers across the globe.

Does Synovus Financial have any subsidiaries?

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

When was Synovus Financial founded?

Synovus Financial was founded in 1888.

What is Synovus Financial's official website?

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

Where are Synovus Financial's headquarters?

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

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 9/23/2021 by MarketBeat.com Staff
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