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 treasury management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans.
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Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Phone706-649-2311
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.62 billion
Profitability
Miscellaneous
Employees4,651
Next Earnings Date10/22/2019 (Estimated)
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 announced a quarterly dividend on Wednesday, June 5th. Investors of record on Thursday, June 20th will be given a dividend of $0.30 per share on Monday, July 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Wednesday, June 19th. View Synovus Financial's Dividend History.
How will Synovus Financial's stock buyback program work?
Synovus Financial declared that its Board of Directors has authorized a share repurchase plan on Wednesday, January 24th 2018, which permits the company to repurchase $150,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.
How were Synovus Financial's earnings last quarter?
Synovus Financial Corp. (NYSE:SNV) announced its quarterly earnings data on Tuesday, July, 16th. The bank reported $1.00 EPS for the quarter, topping the Zacks' consensus estimate of $0.99 by $0.01. The bank had revenue of $487.90 million for the quarter, compared to analysts' expectations of $482.13 million. Synovus Financial had a net margin of 24.15% and a return on equity of 15.11%. The firm's revenue was up 36.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 earnings per share. View Synovus Financial's Earnings History.
When is Synovus Financial's next earnings date?
What price target have analysts set for SNV?
14 brokers have issued twelve-month price objectives for Synovus Financial's shares. Their forecasts range from $30.73 to $51.00. On average, they anticipate Synovus Financial's stock price to reach $43.8108 in the next twelve months. This suggests a possible upside of 22.0% from the stock's current price. View Analyst Price Targets for Synovus Financial.
What is the consensus analysts' recommendation for Synovus Financial?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 1 hold rating, 12 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Synovus Financial.
What are Wall Street analysts saying about Synovus Financial stock?
Here are some recent quotes from research analysts about Synovus Financial stock:
- 1. Stephens analysts commented, "We maintain our Equal-Weight rating. KEY POINTS: Positive Takeaways. Strong fees appear to be driven by “other” and mortgage sales that offset soft swap fees. Credit trends for consumer and commercial remain steady which drove lower-than-expected LLP expenses and represented $0.01 to consensus EPS. EOP commercial portfolio increased 5% YoY, a modest acceleration from recent range of 3%-4%." (7/16/2019)
- 2. According to Zacks Investment Research, "Shares of Synovus have underperformed the industry over the past three months. However, the company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. Synovus’ organic and inorganic growth strategies position it well for the future. Also, the company’s steady capital deployment activities reflect its strong capital position. Synovus entered into a merger agreement with FCB Financial Holdings, which will create the largest mid-cap bank in the Southeast by deposits. However, rising costs is likely to keep bottom-line under pressure and management expects them to rise further as a result of continued investments in technology, talent and improving customer experience. Nevertheless, Synovus' improving credit quality remains a tailwind." (9/25/2018)
Has Synovus Financial been receiving favorable news coverage?
Press coverage about SNV stock has been trending negative on Monday, according to InfoTrie. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Synovus Financial earned a news sentiment score of -2.3 on InfoTrie's scale. They also gave media coverage about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Synovus Financial.
Who are some of Synovus Financial's key competitors?
Some companies that are related to Synovus Financial include KeyCorp (KEY), Shinhan Financial Group (SHG), Regions Financial (RF), Huntington Bancshares (HBAN), DANSKE BK A/S/S (DNKEY), Comerica (CMA), Zions Bancorporation NA (ZION), Akbank T.A.S. (AKBTY), BOK Financial (BOKF), Cullen/Frost Bankers (CFR), First Horizon National (FHN), Pinnacle Financial Partners (PNFP), Webster Financial (WBS), PacWest Bancorp (PACW) and CIT Group (CIT).
What other stocks do shareholders of Synovus Financial own?
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. Mark G. Holladay, Exec. VP & Chief Risk Officer (Age 64)
- Mr. Jeffrey Barton Singleton, Exec. VP & Pres of Financial Management Services (Age 55)
- Ms. Jill K. Hurley, Chief Accounting Officer (Age 39)
Who are Synovus Financial's major shareholders?
Synovus Financial's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.65%), Vanguard Group Inc. (9.46%), Synovus Financial Corp (3.95%), Bank of America Corp DE (1.39%), Bank of New York Mellon Corp (1.39%) and Silvercrest Asset Management Group LLC (1.14%). Company insiders that own Synovus Financial stock include Allan E Kamensky, Allen J Gula, Barry L Storey, Curtis J Perry, Diana M Murphy, Elizabeth W Camp, Kessel D Stelling, 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 Prudential PLC, Vanguard Group Inc., Los Angeles Capital Management & Equity Research Inc., BlackRock Inc., Bank of New York Mellon Corp, Prudential Financial Inc., Point72 Asset Management L.P. and JPMorgan Chase & Co.. View Insider Buying and Selling for Synovus Financial.
Which major investors are buying Synovus Financial stock?
SNV stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Invesco Ltd., Silvercrest Asset Management Group LLC, Bank of America Corp DE, Scout Investments Inc., Castleark Management LLC, Strycker View Capital LLC and Jacobs Asset Management LLC. Company insiders that have bought Synovus Financial stock in the last two years include Allan E Kamensky, Allen J Gula, Barry L Storey, 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 $35.92.
How big of a company is Synovus Financial?
Synovus Financial has a market capitalization of $5.54 billion and generates $1.62 billion in revenue each year. The bank earns $428.48 million in net income (profit) each year or $3.64 on an earnings per share basis. Synovus Financial employs 4,651 workers across the globe.View Additional Information About Synovus Financial.
What is Synovus Financial's official website?
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)
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.
