Synovus Financial - SNV Stock Forecast, Price & News

8 Wall Street 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 analysts is that investors should "buy" SNV shares.
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8 brokerages have issued 12 month price targets for Synovus Financial's stock. Their SNV share price forecasts range from $43.00 to $55.00. On average, they expect the company's stock price to reach $47.40 in the next year. This suggests a possible upside of 8.7% from the stock's current price.
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Synovus Financial's stock was trading at $37.55 at the beginning of the year. Since then, SNV stock has increased by 16.1% and is now trading at $43.60.
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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) announced its earnings results on Monday, October, 18th. The bank reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the business earned $0.89 EPS.

Synovus Financial declared a quarterly dividend on Thursday, December 1st. Investors 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 yield of 3.12%. The ex-dividend date of this dividend 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 3.16%. 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 updated its FY 2023 earnings guidance on Friday, January, 20th. The company provided 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 many different institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (0.63%), Ferguson Wellman Capital Management Inc. (0.25%), Hancock Whitney Corp (0.20%), Scout Investments Inc. (0.14%), Allspring Global Investments Holdings LLC (0.11%) and Strs Ohio (0.11%). 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.
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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.
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One share of SNV stock can currently be purchased for approximately $43.60.

Synovus Financial (NYSE:SNV) has a market capitalization of $6.34 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.