NYSE:SNVSynovus Financial Stock Price, Forecast & News

Synovus Financial's stock was trading at $22.61 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SNV stock has decreased by 21.4% and is now trading at $17.77. View which stocks have been most impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 1 hold rating and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Synovus Financial.

Synovus Financial is scheduled to release its next quarterly earnings announcement on Tuesday, July 21st 2020. View our earnings forecast for Synovus Financial.

Synovus Financial will be holding an earnings conference call on Tuesday, July 21st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Synovus Financial Corp. (NYSE:SNV) issued its quarterly earnings results on Friday, April, 24th. The bank reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.31 by $0.10. The bank earned $477.90 million during the quarter, compared to analyst estimates of $456.99 million. Synovus Financial had a net margin of 20.00% and a return on equity of 11.20%. The firm's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 earnings per share. View Synovus Financial's earnings history.

Synovus Financial declared a quarterly dividend on Monday, June 8th. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.33 per share on Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 7.43%. The ex-dividend date is Wednesday, June 17th. View Synovus Financial's dividend history.

11 equities research analysts have issued 12-month price objectives for Synovus Financial's shares. Their forecasts range from $24.00 to $42.00. On average, they expect Synovus Financial's stock price to reach $34.40 in the next twelve months. This suggests a possible upside of 93.6% from the stock's current price. View analysts' price targets for Synovus Financial.

News headlines about SNV stock have been trending negative recently, InfoTrie reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Synovus Financial earned a news sentiment score of -2.3 on InfoTrie's scale. They also gave news headlines about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Synovus Financial.

Synovus Financial saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 3,950,000 shares, an increase of 12.5% from the June 15th total of 3,510,000 shares. Based on an average daily volume of 2,300,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 2.7% of the shares of the company are sold short. View Synovus Financial's Current Options Chain.

Some companies that are related to Synovus Financial include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Synovus Financial investors own include Energy Transfer LP Unit (ET), AT&T (T), Bank of America (BAC), Citigroup (C), Huntington Bancshares (HBAN), Pfizer (PFE), Wells Fargo & Co (WFC), Ford Motor (F), AbbVie (ABBV) and Gilead Sciences (GILD).

Synovus Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNV."

Synovus Financial's stock is owned by a number of institutional and retail investors. Top institutional shareholders include M&R Capital Management Inc. (0.04%), Thomasville National Bank (0.01%), Envestnet Asset Management Inc. (0.01%), Ellenbecker Investment Group (0.01%) and Ellevest Inc. (0.00%). Company insiders that own Synovus Financial stock include Allan E Kamensky, Allen J Gula, Andrew J Jr Gregory, Barry L Storey, Diana M Murphy, Elizabeth W Camp, Kessel D Stelling, Kevin S Blair, Mark G Holladay and Stephen T Butler. View institutional ownership trends for Synovus Financial.

SNV stock was sold by a variety of institutional investors in the last quarter, including M&R Capital Management Inc., and Envestnet Asset Management Inc.. View insider buying and selling activity for Synovus Financial.

SNV stock was acquired by a variety of institutional investors in the last quarter, including Ellenbecker Investment Group, Thomasville National Bank, and Ellevest Inc.. Company insiders that have bought Synovus Financial stock in the last two years include Allan E Kamensky, Andrew J Jr Gregory, Barry L Storey, Diana M Murphy, Elizabeth W Camp, Kessel D Stelling, Kevin S Blair, and Stephen T Butler. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of SNV stock can currently be purchased for approximately $17.77.

Synovus Financial has a market capitalization of $2.62 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. Synovus Financial employs 5,389 workers across the globe.

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

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]