Synovus Financial - SNV Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last twelve months. 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" SNV shares.
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9 brokerages have issued twelve-month price targets for Synovus Financial's stock. Their SNV share price forecasts range from $45.00 to $68.00. On average, they predict the company's share price to reach $53.05 in the next twelve months. This suggests a possible upside of 28.3% from the stock's current price.
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Synovus Financial's stock was trading at $47.87 at the beginning of 2022. Since then, SNV shares have decreased by 13.6% and is now trading at $41.34.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
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Synovus Financial will be holding an earnings conference call on Thursday, October 20th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Synovus Financial Corp. (NYSE:SNV) released its quarterly earnings data on Thursday, July, 21st. The bank reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.07. The bank had revenue of $522.60 million for the quarter, compared to analyst estimates of $518.64 million. Synovus Financial had a trailing twelve-month return on equity of 16.40% and a net margin of 34.48%. The business's revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 EPS.

Synovus Financial declared a quarterly dividend on Thursday, September 1st. Shareholders of record on Thursday, September 15th will be given a dividend of $0.34 per share on Monday, October 3rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for SNV.

Synovus Financial (NYSE:SNV) pays an annual dividend of $1.36 per share and currently has a dividend yield of 3.52%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 28.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SNV will have a dividend payout ratio of 25.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SNV.

133 employees have rated Synovus Financial Chief Executive Officer Kessel D. Stelling Jr. on Glassdoor.com. Kessel D. Stelling Jr. has an approval rating of 93% among the company's employees. This puts Kessel D. Stelling Jr. in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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 retail and institutional investors. Top institutional shareholders include M&R Capital Management Inc. (0.03%). Insiders that own company stock include Andrew J Jr Gregory, John L Stallworth, Joseph J Prochaska Jr, Kessel D Stelling, Kevin S Blair, Mark G Holladay, Mark G Holladay and Stephen T Butler.
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Shares of SNV stock 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.
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One share of SNV stock can currently be purchased for approximately $41.34.

Synovus Financial (NYSE:SNV) has a market capitalization of $6.01 billion and generates $2.10 billion in revenue each year. The bank earns $760.47 million in net income (profit) each year or $4.79 on an earnings per share basis.

The company employs 4,988 workers across the globe.

Synovus Financial's mailing address is 1111 BAY AVENUE SUITE 500, COLUMBUS GA, 31901. The official website for the company is www.synovus.com. The bank can be reached via phone at (706) 649-2311, via email at bobmay@synovus.com, or via fax at 706-641-6555.