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 9.8% and is now trading at $20.39.
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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) issued its quarterly earnings data on Tuesday, July, 21st. The bank reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The bank had revenue of $472.80 million for the quarter, compared to analyst estimates of $450.30 million. Synovus Financial had a return on equity of 8.51% and a net margin of 17.25%. The firm's revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 EPS.
View Synovus Financial's earnings history.

Synovus Financial declared a quarterly dividend on Monday, June 8th. Shareholders 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 6.47%. The ex-dividend date of this dividend is Wednesday, June 17th.
View Synovus Financial's dividend history.

11 brokers have issued 12-month price objectives for Synovus Financial's stock. Their forecasts range from $19.00 to $42.00. On average, they expect Synovus Financial's stock price to reach $32.30 in the next twelve months. This suggests a possible upside of 58.4% from the stock's current price.
View analysts' price targets for Synovus Financial.

News coverage about SNV stock has trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Synovus Financial earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the stock's share price in the next few days.
View the latest news about Synovus Financial.

Synovus Financial saw a decline in short interest during the month of July. As of July 15th, there was short interest totaling 4,010,000 shares, a decline of 10.3% from the June 30th total of 4,470,000 shares. Based on an average daily volume of 1,960,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.8% of the shares of the company are sold short.
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 a variety of institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (0.56%), First Trust Advisors LP (0.46%), Pzena Investment Management LLC (0.40%), Foundry Partners LLC (0.29%), Mackay Shields LLC (0.24%) and Swiss National Bank (0.22%). 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 Oregon Public Employees Retirement Fund.
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, Hennessy Advisors Inc., Foundry Partners LLC, and Raymond James & Associates. 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 $20.39.

Synovus Financial has a market capitalization of $3.00 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]