Synovus Financial Stock Price, News & Analysis (NYSE:SNV)

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

Synovus Financial declared a -- dividend on Thursday, September 5th. Shareholders of record on Thursday, September 19th will be given a dividend of $0.30 per share on Tuesday, October 1st. This represents a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 18th. View Synovus Financial's Dividend History.

Synovus Financial announced that its board has approved a stock buyback plan on Wednesday, January 24th 2018, which permits the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Synovus Financial Corp. (NYSE:SNV) posted its quarterly earnings data on Tuesday, October, 22nd. The bank reported $0.97 EPS for the quarter, missing the Zacks' consensus estimate of $1.00 by $0.03. The bank had revenue of $490.86 million for the quarter, compared to analysts' expectations of $486.74 million. Synovus Financial had a return on equity of 15.11% and a net margin of 24.15%. The firm's revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.94 EPS. View Synovus Financial's Earnings History.

15 brokers have issued 12 month price targets for Synovus Financial's shares. Their forecasts range from $30.73 to $49.00. On average, they expect Synovus Financial's stock price to reach $42.75 in the next year. This suggests a possible upside of 25.4% from the stock's current price. View Analyst Price Targets for Synovus Financial.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 14 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Synovus Financial.

News headlines about SNV stock have trended somewhat negative on Wednesday, InfoTrie reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Synovus Financial earned a coverage optimism score of -1.7 on InfoTrie's scale. They also assigned media stories about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Synovus Financial.

Synovus Financial saw a decrease in short interest in September. As of September 30th, there was short interest totalling 3,530,000 shares, a decrease of 22.6% from the August 30th total of 4,560,000 shares. Based on an average trading volume of 1,390,000 shares, the short-interest ratio is currently 2.5 days. Approximately 2.3% of the company's stock are sold short. View Synovus Financial's Current Options Chain.

Some companies that are related to Synovus Financial include PNC Financial Services Group (PNC), BB&T (BBT), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), First Republic Bank (FRC), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Commerce Bancshares (CBSH), Signature Bank (SBNY), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Synovus Financial investors own include Energy Transfer LP Unit (ET), Citigroup (C), Total System Services (TSS), Cornerstone Total Return Fund (CRF), Huntington Bancshares (HBAN), Bank of America (BAC), CBL & Associates Properties (CBL), Ford Motor (F), SandRidge Permian Trust (PER) and SunCoke Energy Partners (SXCP).

Synovus Financial's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Scout Investments Inc. (0.72%), Whittier Trust Co. (0.04%), M&R Capital Management Inc. (0.04%), Pacer Advisors Inc. (0.04%), Virginia Retirement Systems ET AL (0.03%) and State of Michigan Retirement System (0.03%). Company insiders that own Synovus Financial stock include Allan E Kamensky, Allen J Gula, Barry L Storey, Curtis J Perry, Diana M Murphy, Elizabeth W Camp, Kessel D Stelling, Kevin S Blair, Mark G Holladay and Philip W Tomlinson. View Institutional Ownership Trends for Synovus Financial.

SNV stock was sold by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Cerebellum GP LLC, Cerebellum GP LLC, State of Michigan Retirement System, Sippican Capital Advisors, Virginia Retirement Systems ET AL, Crossmark Global Holdings Inc. and Landsberg Bennett & Dubbaneh LLC. Company insiders that have sold Synovus Financial company stock in the last year include Allen J Gula and Mark G Holladay. View Insider Buying and Selling for Synovus Financial.

SNV stock was purchased by a variety of institutional investors in the last quarter, including Scout Investments Inc., M&R Capital Management Inc., State of Alaska Department of Revenue, LVW Advisors LLC, Envestnet Asset Management Inc., Whittier Trust Co. of Nevada Inc., Bailard Inc. and Valeo Financial Advisors LLC. Company insiders that have bought Synovus Financial stock in the last two years include Allan E Kamensky, Allen J Gula, Barry L Storey, Diana M Murphy, Elizabeth W Camp, Kessel D Stelling, Kevin S Blair, Mark G Holladay and Philip W Tomlinson. View Insider Buying and Selling 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 $34.10.

Synovus Financial has a market capitalization of $5.20 billion and generates $1.62 billion in revenue each year. The bank earns $428.48 million in net income (profit) each year or $3.64 on an earnings per share basis. Synovus Financial employs 4,651 workers across the globe.View Additional Information About Synovus Financial.

The official website for Synovus Financial is http://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]