NYSE:SNV

Synovus Financial Stock Forecast, Price & News

$46.65
+1.81 (+4.04 %)
(As of 04/23/2021 12:10 PM ET)
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Today's Range
$44.81
Now: $46.65
$46.67
50-Day Range
$43.76
MA: $46.55
$49.38
52-Week Range
$14.65
Now: $46.65
$50.51
Volume15,329 shs
Average Volume972,646 shs
Market Capitalization$6.93 billion
P/E Ratio20.28
Dividend Yield2.87%
Beta1.66
Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and retail banking products and services. It operates through three segments: Community Banking, Wholesale Banking, and Financial Management Services. The company's commercial banking services include treasury management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans. Its retail banking services comprise 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 and debit card 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, and financial planning services, as well as provides individual investment advice on equity and other securities. As of December 31, 2020, it operated through 289 branches and 389 ATMs in Alabama, Florida, Georgia, South Carolina, and Tennessee. The company was founded in 1888 and is headquartered in Columbus, Georgia.
Synovus Financial logo

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP87161C10
Phone(706) 649-2311
Employees5,134
Year Founded1888

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.41 billion
Cash Flow$5.43 per share
Book Value$30.06 per share

Profitability

Net Income$563.78 million

Miscellaneous

Market Cap$6.93 billion
Next Earnings Date7/20/2021 (Estimated)
OptionableOptionable

Headlines

Synovus Announces Earnings for the First Quarter 2021
April 20, 2021 |  finance.yahoo.com
Is SNV Stock A Buy or Sell?
April 7, 2021 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

2.17 out of 5 stars

Finance Sector

106th out of 1,947 stocks

National Commercial Banks Industry

15th out of 163 stocks

Analyst Opinion: 1.4Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
$46.65
+1.81 (+4.04 %)
(As of 04/23/2021 12:10 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Synovus Financial (NYSE:SNV) Frequently Asked Questions

Is Synovus Financial a buy right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 1 hold rating and 8 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Synovus Financial wasn't one of them. MarketBeat thinks these five stocks 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, July 20th 2021.
View our earnings forecast for Synovus Financial
.

How were Synovus Financial's earnings last quarter?

Synovus Financial Corp. (NYSE:SNV) issued its quarterly earnings results on Monday, April, 19th. The bank reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.28. The bank earned $485.60 million during the quarter, compared to analysts' expectations of $483 million. Synovus Financial had a trailing twelve-month return on equity of 8.20% and a net margin of 15.84%. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share.
View Synovus Financial's earnings history
.

How has Synovus Financial's stock been impacted by 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 (WHO). Since then, SNV stock has increased by 105.7% and is now trading at $46.50.
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, March 4th. Shareholders of record on Thursday, March 18th will be paid a dividend of $0.33 per share on Thursday, April 1st. This represents a $1.32 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Wednesday, March 17th.
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 2.87%. Synovus Financial has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strock track record of dividend growth. The dividend payout ratio of Synovus Financial is 33.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Synovus Financial will have a dividend payout ratio of 43.85% 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?

9 analysts have issued 1 year price objectives for Synovus Financial's shares. Their forecasts range from $13.50 to $56.00. On average, they anticipate Synovus Financial's stock price to reach $40.45 in the next twelve months. This suggests that the stock has a possible downside of 13.0%.
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:
  • Mr. Kessel D. Stelling Jr., Chairman & CEO (Age 65, Pay $2.79M)
  • Mr. Kevin S. Blair, Pres, COO & Exec. Director (Age 50, Pay $1.32M)
  • Mr. Andrew Jamie Gregory Jr., Exec. VP & CFO (Age 44, Pay $881.53k)
  • Mr. Mark G. Holladay, Exec. VP & Chief Risk Officer (Age 66, Pay $657.42k)
  • Mr. Robert Warren Derrick, Exec. VP & Chief Credit Officer (Age 57, Pay $578.62k)
  • Ms. Jill K. Hurley, Chief Accounting Officer & Controller (Age 41)
  • Mr. Zack Bishop, Exec. VP and Technology, Operations & Security Officer
  • Mr. Kevin Brown, Sr. Director of Forecasting & Analytics and Sr. Director of Investor Relations
  • Mr. Allan E. Kamensky, Exec. VP, Gen. Counsel & Sec. (Age 59)
  • Ms. Gloria C. Banks, Exec. VP & Chief Compliance and Ethics Officer

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 a variety of institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (0.54%), Strs Ohio (0.51%), Retirement Systems of Alabama (0.33%), Gradient Investments LLC (0.17%), Hennessy Advisors Inc. (0.08%) and Leavell Investment Management Inc. (0.06%). Company insiders that own Synovus Financial stock include Andrew J Jr Gregory, Barry L Storey, Mark G Holladay 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 Hennessy Advisors Inc., First Citizens Bank & Trust Co., Great Valley Advisor Group Inc., Ellenbecker Investment Group, New York State Teachers Retirement System, M&R Capital Management Inc., Investors Asset Management of Georgia Inc. GA ADV, and Sippican Capital Advisors.
View insider buying and selling activity for Synovus Financial
or view top insider-selling stocks.

Which major investors are buying Synovus Financial stock?

SNV stock was bought by a variety of institutional investors in the last quarter, including Strs Ohio, Gradient Investments LLC, Retirement Systems of Alabama, Scout Investments Inc., Hanlon Investment Management Inc., Heritage Way Advisors LLC, IBM Retirement Fund, and Louisiana State Employees Retirement System. Company insiders that have bought Synovus Financial stock in the last two years include Andrew J Jr Gregory, Barry L Storey, 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 $46.50.

How much money does Synovus Financial make?

Synovus Financial has a market capitalization of $6.91 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.

How many employees does Synovus Financial have?

Synovus Financial employs 5,134 workers across the globe.

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 4/23/2021 by MarketBeat.com Staff
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