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NYSE:SNVSynovus Financial Stock Price, Forecast & News

$21.42
+1.23 (+6.09 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$19.67
Now: $21.42
$21.42
50-Day Range
$17.77
MA: $19.89
$22.11
52-Week Range
$10.91
Now: $21.42
$40.32
Volume1.58 million shs
Average Volume1.36 million shs
Market Capitalization$3.15 billion
P/E Ratio8.33
Dividend Yield6.54%
Beta1.65
Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides various financial products and services. It offers integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services. The company's commercial banking services comprise treasury management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans. Its retail banking services consist of accepting customary types of demand and savings deposits accounts; mortgage, installment, and other consumer loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet-based banking services; and bank credit card services, including Visa and MasterCard services. The company also offers various other financial services, including portfolio management for fixed-income securities, investment banking, execution of securities transactions as a broker/dealer, asset management and financial planning services, and individual investment advice on equity and other securities, as well as trust services. As of December 31, 2018, it operated through 249 branches and 335 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus Financial Corp. was founded in 1888 and is headquartered in Columbus, Georgia.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.0Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.71 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP87161C10
Phone706-649-2311

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.41 billion
Cash Flow$4.63 per share
Book Value$30.66 per share

Profitability

Net Income$563.78 million

Miscellaneous

Employees5,389
Market Cap$3.15 billion
Next Earnings Date10/27/2020 (Estimated)
OptionableOptionable
$21.42
+1.23 (+6.09 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Synovus Financial (NYSE:SNV) Frequently Asked Questions

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

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.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Synovus Financial?

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
.

When is Synovus Financial's next earnings date?

Synovus Financial is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
View our earnings forecast for Synovus Financial
.

How were Synovus Financial's earnings last quarter?

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
.

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

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
.

What price target have analysts set for SNV?

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
.

Has Synovus Financial been receiving favorable news coverage?

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
.

Are investors shorting 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
.

Who are some of Synovus Financial's key 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 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).

Who are Synovus Financial's key executives?

Synovus Financial's management team includes the following people:
  • Mr. Kessel D. Stelling Jr., Chairman, Pres & CEO (Age 63)
  • Mr. Kevin S. Blair, Sr. EVP, COO & Interim CFO (Age 48)
  • Mr. Mark G. Holladay, Exec. VP & Chief Risk Officer (Age 64)
  • Mr. Jeffrey Barton Singleton, Exec. VP & Pres of Financial Management Services (Age 55)
  • Ms. Jill K. Hurley, Chief Accounting Officer (Age 39)

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 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
.

Which major investors are selling Synovus Financial stock?

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
.

Which major investors are buying Synovus Financial stock?

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
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Synovus Financial's stock price today?

One share of SNV stock can currently be purchased for approximately $21.42.

How big of a company is Synovus Financial?

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.

What is Synovus Financial's official website?

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

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 or via email at [email protected]

This page was last updated on 8/8/2020 by MarketBeat.com Staff

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