NYSE:SNVSynovus Financial Stock Price, Forecast & News

Synovus Financial's stock was trading at $22.61 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SNV stock has decreased by 5.3% and is now trading at $21.42.
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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."
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Synovus Financial is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
View our earnings forecast for Synovus Financial.

Synovus Financial Corp. (NYSE:SNV) announced its earnings results on Tuesday, July, 21st. The bank reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.15 by $0.08. The bank earned $472.80 million during the quarter, compared to analyst estimates of $450.30 million. Synovus Financial had a net margin of 17.25% and a return on equity of 8.51%. The business's revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.00 earnings per share.
View Synovus Financial's earnings history.

Synovus Financial declared a quarterly dividend on Monday, June 8th. Stockholders of record on Thursday, June 18th will be given a dividend of $0.33 per share on Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date is Wednesday, June 17th.
View Synovus Financial's dividend history.

11 Wall Street analysts have issued 1-year price objectives for Synovus Financial's shares. Their forecasts range from $19.00 to $42.00. On average, they expect Synovus Financial's share price to reach $32.30 in the next twelve months. This suggests a possible upside of 50.8% from the stock's current price.
View analysts' price targets for Synovus Financial.

Headlines about SNV stock have been trending very positive this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Synovus Financial earned a media sentiment score of 4.0 on InfoTrie's scale. They also assigned press coverage about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term.
View the latest news about Synovus Financial.

Synovus Financial saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 4,010,000 shares, a drop of 10.3% from the July 15th total of 4,470,000 shares. Based on an average daily trading volume, of 1,960,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.8% of the shares of the company are short sold.
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).
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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 many different institutional and retail investors. Top institutional investors include Scout Investments Inc. (0.56%), LSV Asset Management (0.46%), First Trust Advisors LP (0.46%), Pzena Investment Management LLC (0.40%), Principal Financial Group Inc. (0.37%) and New York State Common Retirement Fund (0.34%). Company insiders that own Synovus Financial stock include Allen J Gula, Andrew J Jr Gregory, Barry L Storey, 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 Prudential PLC, Hancock Whitney Corp, Strs Ohio, Scout Investments Inc., M&R Capital Management Inc., Raymond James Financial Services Advisors Inc., Texas Permanent School Fund, and Fisher Asset Management LLC.
View insider buying and selling activity for Synovus Financial.

SNV stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, MERIAN GLOBAL INVESTORS UK Ltd, Monarch Partners Asset Management LLC, Peregrine Capital Management LLC, Mackay Shields LLC, LSV Asset Management, Hennessy Advisors Inc., and Foundry Partners LLC. Company insiders that have bought Synovus Financial stock in the last two years include Andrew J Jr Gregory, Barry L Storey, 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 $21.42.

Synovus Financial has a market capitalization of $3.15 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]