NYSE:SNV

Synovus Financial Stock Forecast, Price & News

$46.54
+0.57 (+1.24 %)
(As of 04/12/2021 03:59 PM ET)
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Today's Range
$46.25
Now: $46.54
$46.65
50-Day Range
$41.03
MA: $45.69
$49.38
52-Week Range
$14.65
Now: $46.54
$50.51
Volume16,151 shs
Average Volume993,043 shs
Market Capitalization$6.92 billion
P/E Ratio20.23
Dividend Yield2.87%
Beta1.66
Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides various financial products and services. It operates through three segments: Community Banking, Wholesale Banking, and Financial Management Services. The company's commercial banking services include treasury management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans. Its retail banking services comprise 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 and debit card 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, 2019, it operated through 298 branches and 389 ATMs in Alabama, Florida, Georgia, South Carolina, and Tennessee. Synovus Financial Corp. was founded in 1888 and is headquartered in Columbus, Georgia.
Synovus Financial logo

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP87161C10
Phone(706) 649-2311
Employees5,389
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.41 billion
Cash Flow$5.42 per share
Book Value$30.06 per share

Profitability

Net Income$563.78 million

Miscellaneous

Market Cap$6.92 billion
Next Earnings Date4/20/2021 (Confirmed)
OptionableOptionable

Headlines

Is SNV Stock A Buy or Sell?
April 7, 2021 |  finance.yahoo.com
Synovus Financial (NYSE:SNV) Price Target Raised to $56.00
March 24, 2021 |  americanbankingnews.com
SNV Apr 2021 43.000 call
March 4, 2021 |  uk.finance.yahoo.com
SNV: Raising target price to $47.00
February 25, 2021 |  finance.yahoo.com
SNV Feb 2021 38.000 call
February 13, 2021 |  uk.finance.yahoo.com
SNV: Raising target price to $42.00
February 5, 2021 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

2.17 out of 5 stars

Finance Sector

104th out of 1,944 stocks

National Commercial Banks Industry

14th out of 164 stocks

Analyst Opinion: 1.4Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
$46.54
+0.57 (+1.24 %)
(As of 04/12/2021 03:59 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Synovus Financial (NYSE:SNV) Frequently Asked Questions

Is Synovus Financial a buy right now?

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" Synovus Financial stock.
View analyst ratings for Synovus Financial
or view top-rated stocks.

What stocks does MarketBeat like better than Synovus Financial?

Wall Street analysts have given Synovus Financial a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Synovus Financial wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Synovus Financial's next earnings date?

Synovus Financial is scheduled to release its next quarterly earnings announcement on Tuesday, April 20th 2021.
View our earnings forecast for Synovus Financial
.

How can I listen to Synovus Financial's earnings call?

Synovus Financial will be holding an earnings conference call on Tuesday, April 20th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Synovus Financial's earnings last quarter?

Synovus Financial Corp. (NYSE:SNV) announced its quarterly earnings data on Monday, January, 25th. The bank reported $1.08 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.82 by $0.26. The bank earned $500.69 million during the quarter, compared to analyst estimates of $483.82 million. Synovus Financial had a net margin of 15.84% and a trailing twelve-month return on equity of 8.20%. During the same quarter in the previous year, the business posted $0.97 EPS.
View Synovus Financial's earnings history
.

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

Synovus Financial's stock was trading at $22.61 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SNV shares have increased by 105.8% and is now trading at $46.54.
View which stocks have been most impacted by COVID-19
.

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

Synovus Financial declared a quarterly dividend on Thursday, March 4th. Stockholders of record on Thursday, March 18th will be given a dividend of $0.33 per share on Thursday, April 1st. This represents a $1.32 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Wednesday, March 17th.
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 2.87%. Synovus Financial has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strock track record of dividend growth. The dividend payout ratio of Synovus Financial is 33.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Synovus Financial will have a dividend payout ratio of 43.85% 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?

9 brokerages have issued 12 month target prices for Synovus Financial's stock. Their forecasts range from $13.50 to $56.00. On average, they expect Synovus Financial's share price to reach $40.45 in the next twelve months. This suggests that the stock has a possible downside of 13.1%.
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:
  • Mr. Kessel D. Stelling Jr., Chairman & CEO (Age 65, Pay $2.64M)
  • Mr. Kevin S. Blair, Pres, COO & Exec. Director (Age 50, Pay $1.12M)
  • Mr. Andrew Jamie Gregory Jr., Exec. VP & CFO (Age 45, Pay $858.73k)
  • Mr. Mark G. Holladay, Exec. VP & Chief Risk Officer (Age 66, Pay $632.53k)
  • Mr. Kevin J. Howard, Exec. VP & Chief Wholesale Banking Officer (Age 56, Pay $719.89k)
  • Mr. Robert Warren Derrick, Exec. VP & Chief Credit Officer (Age 57, Pay $482.01k)
  • Ms. Jill K. Hurley, Chief Accounting Officer (Age 41)
  • Mr. Zack Bishop, Exec. VP and Technology, Operations & Security Officer
  • Mr. Kevin Brown, Sr. Director of Forecasting & Analytics and Sr. Director of Investor Relations
  • Mr. Allan E. Kamensky, Exec. VP, Gen. Counsel & Sec. (Age 59)

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?

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 many different institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (0.54%), M&R Capital Management Inc. (0.03%), State of Alaska Department of Revenue (0.02%), Thomasville National Bank (0.01%), Pacer Advisors Inc. (0.01%) and Ellenbecker Investment Group (0.01%). Company insiders that own Synovus Financial stock include Andrew J Jr Gregory, Barry L Storey, 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 Ellenbecker Investment Group, M&R Capital Management Inc., Thomasville National Bank, State of Alaska Department of Revenue, and Pacer Advisors Inc..
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 Scout Investments Inc., Valeo Financial Advisors LLC, and Carroll Financial Associates Inc.. Company insiders that have bought Synovus Financial stock in the last two years include Andrew J Jr Gregory, Barry L Storey, 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.
Compare Top Brokerages Here.

What is Synovus Financial's stock price today?

One share of SNV stock can currently be purchased for approximately $46.54.

How much money does Synovus Financial make?

Synovus Financial has a market capitalization of $6.92 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.

How many employees does Synovus Financial have?

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.

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 or via email at [email protected]


This page was last updated on 4/12/2021 by MarketBeat.com Staff
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