About Synovus Financial Corp. (NYSE:SNV)
Synovus Financial Corp. is a financial services company and a bank holding company. The Company provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services, to its customers through locally branded banking divisions of its subsidiary bank, Synovus Bank (the Bank), and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee. The Bank offers commercial banking services and retail banking services. The Bank's commercial banking services include cash management, asset management, capital markets services, institutional trust services, and commercial, financial and real estate loans. Its retail banking services include mortgage, installment and other retail loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet-based banking services, and bank credit card services, including MasterCard and Visa services.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Banks
- Sub-Industry: Regional Banks
- Symbol: NYSE:SNV
- CUSIP: 87161C10
- Web: www.synovus.com
- Market Cap: $5.66 billion
- Outstanding Shares: 119,566,000
- 50 Day Moving Avg: $44.73
- 200 Day Moving Avg: $43.12
- 52 Week Range: $32.21 - $47.67
Sales & Book Value:
- Trailing P/E Ratio: 21.48
- Foreward P/E Ratio: 16.48
- P/E Growth: 2.37
- Annual Revenue: $1.27 billion
- Price / Sales: 4.45
- Book Value: $24.01 per share
- Price / Book: 1.97
- Annual Dividend: $0.60
- Dividend Yield: 1.3%
- Net Margins: 21.39%
- Return on Equity: 10.44%
- Return on Assets: 0.97%
- Debt-to-Equity Ratio: 0.66%
- Current Ratio: 0.99%
- Quick Ratio: 0.99%
- Average Volume: 782,171 shs.
- Beta: 1.1
- Short Ratio: 3.87
Frequently Asked Questions for Synovus Financial Corp. (NYSE:SNV)
What is Synovus Financial Corp.'s stock symbol?
Synovus Financial Corp. trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNV."
How often does Synovus Financial Corp. pay dividends? What is the dividend yield for Synovus Financial Corp.?
Synovus Financial Corp. announced a quarterly dividend on Friday, September 8th. Shareholders of record on Thursday, September 21st will be paid a dividend of $0.15 per share on Monday, October 2nd. This represents a $0.60 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, September 20th. View Synovus Financial Corp.'s Dividend History.
How will Synovus Financial Corp.'s stock buyback program work?
Synovus Financial Corp. declared that its Board of Directors has authorized a share repurchase program on Friday, April 7th 2017, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 46% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.
How were Synovus Financial Corp.'s earnings last quarter?
Synovus Financial Corp. (NYSE:SNV) issued its earnings results on Tuesday, October, 17th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.01. The firm had revenue of $398.01 million for the quarter, compared to analysts' expectations of $331.27 million. Synovus Financial Corp. had a net margin of 21.39% and a return on equity of 10.44%. During the same quarter in the previous year, the business posted $0.65 EPS. View Synovus Financial Corp.'s Earnings History.
When will Synovus Financial Corp. make its next earnings announcement?
Where is Synovus Financial Corp.'s stock going? Where will Synovus Financial Corp.'s stock price be in 2017?
14 analysts have issued 1 year target prices for Synovus Financial Corp.'s shares. Their predictions range from $23.00 to $51.00. On average, they anticipate Synovus Financial Corp.'s stock price to reach $44.70 in the next twelve months. View Analyst Ratings for Synovus Financial Corp..
Who are some of Synovus Financial Corp.'s key competitors?
Some companies that are related to Synovus Financial Corp. include BanColombia S.A. (CIB), SVB Financial Group (SIVB), East West Bancorp (EWBC), Macro Bank (BMA), Signature Bank (SBNY), Grupo Financiero Galicia S.A. (GGAL), CIT Group Inc (DEL) (CIT), Cullen/Frost Bankers (CFR), New York Community Bancorp (NYCB), Bank of the Ozarks (OZRK), Commerce Bancshares (CBSH), PacWest Bancorp (PACW), Webster Financial Corporation (WBS), City National Corp (CYN), First Citizens BancShares (FCNCA), Wintrust Financial Corporation (WTFC), Umpqua Holdings Corporation (UMPQ) and First Horizon National Corporation (FHN).
Who are Synovus Financial Corp.'s key executives?
Synovus Financial Corp.'s management team includes the folowing people:
- Kessel D. Stelling Jr., Chairman of the Board, President, Chief Executive Officer
- Kevin S. Blair, Chief Financial Officer, Executive Vice President
- Allen J. Gula Jr., Chief Operations Officer, Executive Vice President
- Allan E. Kamensky, Executive Vice President, General Counsel, Secretary
- D. Wayne Akins Jr, Executive Vice President and Chief Retail Banking Officer
- Roy Dallis Copeland Jr., Executive Vice President, Chief Community Banking Officer
- Mark G. Holladay, Executive Vice President, Chief Risk Officer
- Kevin Joseph Howard, Executive Vice President, Chief Credit Officer
- Curtis J. Perry, Executive Vice President and Chief Corporate Banking Officer
- Jeffrey Barton Singleton, Executive Vice President and President - Synovus Financial Management Services
Who owns Synovus Financial Corp. stock?
Synovus Financial Corp.'s stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Treasurer State of Michigan (0.04%), APG Asset Management N.V. (0.02%) and Meeder Asset Management Inc. (0.01%). Company insiders that own Synovus Financial Corp. stock include Allan E Kamensky, Allen J Gula, Curtis J Perry, D Wayne Akins Jr, Jeffrey Barton Singleton, Kevin Joseph Howard, Liliana C Mcdaniel, Mark G Holladay, R Dallis Copeland Jr and Tim E Bentsen. View Institutional Ownership Trends for Synovus Financial Corp..
Who sold Synovus Financial Corp. stock? Who is selling Synovus Financial Corp. stock?
Synovus Financial Corp.'s stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan. Company insiders that have sold Synovus Financial Corp. stock in the last year include Allen J Gula, Curtis J Perry, D Wayne Akins Jr, Jeffrey Barton Singleton, Kevin Joseph Howard, Mark G Holladay and R Dallis Copeland Jr. View Insider Buying and Selling for Synovus Financial Corp..
Who bought Synovus Financial Corp. stock? Who is buying Synovus Financial Corp. stock?
Synovus Financial Corp.'s stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V. and Meeder Asset Management Inc.. Company insiders that have bought Synovus Financial Corp. stock in the last two years include Allan E Kamensky and Tim E Bentsen. View Insider Buying and Selling for Synovus Financial Corp..
How do I buy Synovus Financial Corp. stock?
Shares of Synovus Financial Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Synovus Financial Corp.'s stock price today?
MarketBeat Community Rating for Synovus Financial Corp. (NYSE SNV)MarketBeat's community ratings are surveys of what our community members think about Synovus Financial Corp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Synovus Financial Corp. stock can currently be purchased for approximately $47.30.
Consensus Ratings for Synovus Financial Corp. (NYSE:SNV) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||9 Hold Ratings, 5 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.36)|
|Consensus Price Target: ||$44.70 (5.50% downside)|Consensus Price Target History for Synovus Financial Corp. (NYSE:SNV)
Analysts' Ratings History for Synovus Financial Corp. (NYSE:SNV)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/20/2017||Robert W. Baird||Reiterated Rating||Hold||$43.00||N/A|
|10/19/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$48.00||N/A|
|10/18/2017||Barclays PLC||Set Price Target||Hold||$48.00 -> $49.00||N/A|
|10/12/2017||SunTrust Banks, Inc.||Reiterated Rating||Buy||$51.00||N/A|
|10/12/2017||Jefferies Group LLC||Reiterated Rating||Hold||$50.00||N/A|
|9/16/2017||Sanford C. Bernstein||Reiterated Rating||Market Perform||$41.00 -> $42.00||Low|
|8/15/2017||Stephens||Set Price Target||Buy||$46.00||Low|
|7/17/2017||Royal Bank Of Canada||Initiated Coverage||Outperform -> Outperform||$51.00||Medium|
|5/11/2017||Bank of America Corporation||Upgrade||Neutral -> Buy||$23.00||Medium|
|2/2/2017||JMP Securities||Initiated Coverage||Market Perform||N/A|
|1/9/2017||Wells Fargo & Company||Upgrade||Underperform -> Market Perform||N/A|
|1/9/2017||Hovde Group||Downgrade||Outperform -> Market Perform||$44.00||N/A|
|11/18/2016||Compass Point||Downgrade||Buy -> Neutral||N/A|
|7/9/2016||J P Morgan Chase & Co||Reiterated Rating||Hold||N/A|
|4/20/2016||Raymond James Financial, Inc.||Downgrade||Outperform -> Market Perform||N/A|
|2/11/2016||Morgan Stanley||Downgrade||Equal Weight -> Underweight||$29.00||N/A|
Earnings History for Synovus Financial Corp. (NYSE:SNV)Earnings History by Quarter for Synovus Financial Corp. (NYSE SNV)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/17/2017||Q3 2017||$0.64||$0.65||$331.27 million||$398.01 million||View||N/A|
|7/18/2017||Q2 2017||$0.59||$0.60||$317.81 million||$319.80 million||View||N/A|
|4/18/2017||Q1 17||$0.51||$0.57||$303.05 million||$311.77 million||View||N/A|
|1/17/2017||Q416||$0.53||$0.54||$300.21 million||$301.70 million||View||N/A|
|10/18/2016||Q316||$0.50||$0.52||$295.55 million||$294.16 million||View||Listen|
|7/19/2016||Q216||$0.47||$0.49||$288.06 million||$289.30 million||View||Listen|
|4/19/2016||Q116||$0.44||$0.43||$284.25 million||$281.34 million||View||Listen|
|1/19/2016||Q415||$0.43||$0.44||$278.29 million||$278.80 million||View||Listen|
|10/20/2015||Q315||$0.42||$0.42||$274.91 million||$274.85 million||View||Listen|
|7/21/2015||Q215||$0.39||$0.42||$273.74 million||$272.48 million||View||Listen|
|4/21/2015||Q115||$0.36||$0.38||$269.38 million||$269.10 million||View||N/A|
|1/27/2015||Q414||$0.36||$0.39||$272.30 million||$263.80 million||View||N/A|
|10/21/2014||Q314||$0.37||$0.37||$272.35 million||$270.30 million||View||Listen|
|7/22/2014||Q214||$0.48||$0.35||$266.53 million||$268.40 million||View||N/A|
|4/22/2014||Q114||$0.05||$0.05||$263.03 million||$270.70 million||View||N/A|
|7/18/2013||Q2 2013||$0.03||$0.03||$271.10 million||View||N/A|
|4/23/2013||Q1 2013||$0.02||$0.02||$272.67 million||View||Listen|
|1/22/2013||Q4 2012||($0.09)||$0.78||$278.94 million||View||N/A|
Earnings Estimates for Synovus Financial Corp. (NYSE:SNV)
2017 EPS Consensus Estimate: $2.41
2018 EPS Consensus Estimate: $2.89
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Synovus Financial Corp. (NYSE:SNV)
|Most Recent Dividend:||10/2/2017|
|Dividend Growth:||19.70% (3 Year Average)|
|Payout Ratio:||24.19% (Trailing 12 Months of Earnings) |
24.29% (Based on This Year's Estimates)
20.91% (Based on Next Year's Estimates)
|Track Record:||3 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Synovus Financial Corp. (NYSE SNV)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Synovus Financial Corp. (NYSE:SNV)
Insider Ownership Percentage: 1.50%Insider Trades by Quarter for Synovus Financial Corp. (NYSE:SNV)
Institutional Ownership Percentage: 77.87%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/19/2017||R Dallis Copeland Jr||EVP||Sell||10,000||$46.29||$462,900.00|| |
|7/24/2017||Curtis J Perry||EVP||Sell||7,062||$43.86||$309,739.32|| |
|7/21/2017||Kevin Joseph Howard||EVP||Sell||7,000||$43.37||$303,590.00|| |
|4/27/2017||D Wayne Akins Jr||EVP||Sell||3,500||$42.96||$150,360.00|| |
|4/21/2017||Jeffrey Barton Singleton||EVP||Sell||10,500||$41.96||$440,580.00|| |
|2/13/2017||Allan E. Kamensky||General Counsel||Buy||1,110||$42.20||$46,842.00|| |
|1/24/2017||Allen J Gula||COO||Sell||2,450||$41.76||$102,312.00|| |
|11/8/2016||Curtis J Perry||EVP||Sell||8,000||$33.66||$269,280.00|| |
|10/27/2016||Mark G Holladay||VP||Sell||6,035||$33.28||$200,844.80|| |
|10/21/2016||Liliana C Mcdaniel||Insider||Sell||300||$32.78||$9,834.00|| |
|8/5/2016||Liliana C Mcdaniel||Insider||Sell||300||$31.77||$9,531.00|| |
|5/17/2016||R Dallis Copeland Jr||EVP||Sell||8,000||$30.10||$240,800.00|| |
|2/3/2016||Allan E Kamensky||General Counsel||Buy||3,450||$28.85||$99,532.50|| |
|1/21/2016||Tim E Bentsen||Director||Buy||2,700||$28.09||$75,843.00|| |
|7/24/2015||Kevin Joseph Howard||EVP||Sell||5,430||$31.85||$172,945.50|| |
|2/6/2015||Mark G Holladay||VP||Sell||5,400||$27.96||$150,984.00|| |
|8/11/2014||Allan E Kamensky||General Counsel||Buy||5,654||$22.87||$129,306.98|| |
|3/4/2014||Kevin Joseph Howard||EVP||Sell||27,500||$3.52||$96,800.00|| |
|2/24/2014||Allan Kamensky||General Counsel||Buy||5,900||$3.43||$20,237.00|| |
|10/30/2013||R Dallis Copeland Jr||EVP||Sell||50,000||$3.30||$165,000.00|| |
|7/24/2013||J Neal Purcell||Director||Buy||50,000||$3.09||$154,500.00|| |
|7/24/2013||Kessel D Stelling||CEO||Buy||20,000||$3.09||$61,800.00|| |
|7/24/2013||Mark G Holladay||VP||Buy||1,500||$3.09||$4,635.00|| |
|7/23/2013||T Michael Goodrich||Director||Buy||100,000||$3.09||$309,000.00|| |
|5/9/2013||Jerry W Nix||Director||Buy||20,000||$2.76||$55,200.00|| |
Headline Trends for Synovus Financial Corp. (NYSE:SNV)
Latest Headlines for Synovus Financial Corp. (NYSE:SNV)
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Synovus Financial Corp. (SNV) Chart for Sunday, October, 22, 2017