Synovus Financial Stock Forecast, Price & News

Synovus Financial (NYSE:SNV) Frequently Asked Questions

Is Synovus Financial a buy right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Synovus Financial stock.
View analyst ratings for Synovus Financial or view top-rated stocks.

How has Synovus Financial's stock price been impacted by COVID-19 (Coronavirus)?

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. Since then, SNV stock has increased by 107.6% and is now trading at $46.93.
View which stocks have been most impacted by COVID-19.

When is Synovus Financial's next earnings date?

Synovus Financial is scheduled to release its next quarterly earnings announcement on Tuesday, January 25th 2022.
View our earnings forecast for Synovus Financial.

How were Synovus Financial's earnings last quarter?

Synovus Financial Corp. (NYSE:SNV) issued its earnings results on Monday, October, 18th. The bank reported $1.20 EPS for the quarter, beating the Zacks' consensus estimate of $1.07 by $0.13. The bank earned $499.87 million during the quarter, compared to analyst estimates of $491.33 million. Synovus Financial had a trailing twelve-month return on equity of 15.49% and a net margin of 33.57%. During the same period in the previous year, the firm earned $0.89 earnings per share.
View Synovus Financial's earnings history.

How often does Synovus Financial pay dividends? What is the dividend yield for Synovus Financial?

Synovus Financial declared a quarterly dividend on Thursday, September 2nd. Investors of record on Thursday, September 16th will be paid a dividend of $0.33 per share on Friday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, September 15th.
View Synovus Financial's dividend history.

Is Synovus Financial a good dividend stock?

Synovus Financial pays an annual dividend of $1.32 per share and currently has a dividend yield of 2.65%. Synovus Financial has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Synovus Financial is 29.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Synovus Financial will have a dividend payout ratio of 31.21% next year. This indicates that Synovus Financial will be able to sustain or increase its dividend.
View Synovus Financial's dividend history.

What price target have analysts set for SNV?

7 Wall Street analysts have issued 1-year price objectives for Synovus Financial's shares. Their forecasts range from $40.00 to $59.00. On average, they expect Synovus Financial's stock price to reach $53.75 in the next year. This suggests a possible upside of 14.5% from the stock's current price.
View analysts' price targets for Synovus Financial or view top-rated stocks among Wall Street analysts.

Who are Synovus Financial's key executives?

Synovus Financial's management team includes the following people:

• Kevin S. Blair, President, Chief Executive Officer & Director
• Andrew Jamie Gregory, Chief Financial Officer & Executive Vice President
• Zack Bishop, Executive Vice President-Technology & Operations
• Gloria C. Banks, EVP, Chief Ethics & Compliance Officer
• Mark G. Holladay, Chief Risk Officer & Executive Vice President

What is Kessel D. Stelling Jr.'s approval rating as Synovus Financial's CEO?

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

Who are some of Synovus Financial's key competitors?

Some companies that are related to Synovus Financial include The PNC Financial Services Group (PNC), Truist Financial (TFC), SVB Financial Group (SIVB), First Republic Bank (FRC), Fifth Third Bancorp (FITB), Regions Financial (RF), Huntington Bancshares (HBAN), KeyCorp (KEY), M&T Bank (MTB), Signature Bank (SBNY), Western Alliance Bancorporation (WAL), East West Bancorp (EWBC), Zions Bancorporation, National Association (ZION), First Horizon (FHN) and Cullen/Frost Bankers (CFR).
View all of SNV's competitors.

What other stocks do shareholders of Synovus Financial own?

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).

What is Synovus Financial's stock symbol?

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

Who are Synovus Financial's major shareholders?

Synovus Financial's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.83%), Wellington Management Group LLP (6.74%), Synovus Financial Corp (4.10%), Alliancebernstein L.P. (2.88%), Macquarie Group Ltd. (2.00%) and Bank of New York Mellon Corp (1.90%). Company insiders that own Synovus Financial stock include Andrew J Jr Gregory, John L Stallworth, Kessel D Stelling, Mark G Holladay, Mark G Holladay and Stephen T Butler.
View institutional ownership trends for Synovus Financial.

Which institutional investors are selling Synovus Financial stock?

SNV stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Strs Ohio, Scout Investments Inc., BlackRock Inc., UBS Group AG, Alliancebernstein L.P., Citigroup Inc., and Geode Capital Management LLC. Company insiders that have sold Synovus Financial company stock in the last year include Kessel D Stelling, and Mark G Holladay.
View insider buying and selling activity for Synovus Financial or view top insider-selling stocks.

Which institutional investors are buying Synovus Financial stock?

SNV stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Carlson Capital L P, Schonfeld Strategic Advisors LLC, Renaissance Technologies LLC, Mackenzie Financial Corp, Thrivent Financial for Lutherans, Morgan Stanley, and Nordea Investment Management AB. Company insiders that have bought Synovus Financial stock in the last two years include Andrew J Jr Gregory, John L Stallworth, and Stephen T Butler.
View insider buying and selling activity for Synovus Financial or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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What is Synovus Financial's stock price today?

One share of SNV stock can currently be purchased for approximately $46.93.

How much money does Synovus Financial make?

Synovus Financial has a market capitalization of $6.83 billion and generates $2.31 billion in revenue each year. The bank earns $373.70 million in net income (profit) each year or $4.55 on an earnings per share basis.

How many employees does Synovus Financial have?

Synovus Financial employs 5,247 workers across the globe.

Does Synovus Financial have any subsidiaries?

The following companies are subsidiares of Synovus Financial: Florida Community Bank.

When was Synovus Financial founded?

Synovus Financial was founded in 1888.

What is Synovus Financial's official website?

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

Where are Synovus Financial's headquarters?

Synovus Financial is headquartered at 1111 BAY AVENUE SUITE 500, COLUMBUS GA, 31901.

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, via email at [email protected], or via fax at 706-641-6555.