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NYSE:SNV

Synovus Financial Stock Forecast, Price & News

$49.24
+0.51 (+1.05 %)
(As of 05/17/2021 12:00 AM ET)
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Today's Range
$48.13
$49.34
50-Day Range
$44.28
$49.37
52-Week Range
$17.25
$50.51
Volume811,234 shs
Average Volume937,763 shs
Market Capitalization$7.32 billion
P/E Ratio21.41
Dividend Yield2.71%
Beta1.66
30 days | 90 days | 365 days | Advanced Chart
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Synovus Financial logo

About Synovus Financial

Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and retail banking 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, and financial planning services, as well as provides individual investment advice on equity and other securities. As of December 31, 2020, it operated through 289 branches and 389 ATMs in Alabama, Florida, Georgia, South Carolina, and Tennessee. The company was founded in 1888 and is headquartered in Columbus, Georgia.

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Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP87161C10
Phone(706) 649-2311
Employees5,134
Year Founded1888

Sales & Book Value

Annual Sales$2.41 billion
Cash Flow$5.73 per share
Book Value$30.06 per share

Profitability

Net Income$563.78 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$7.32 billion
Next Earnings Date7/20/2021 (Estimated)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

2.33 out of 5 stars

Finance Sector

53rd out of 1,930 stocks

National Commercial Banks Industry

9th out of 160 stocks

Analyst Opinion: 1.4Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 3.1 5 -4 -3 -2 -1 -
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Synovus Financial (NYSE:SNV) Frequently Asked Questions

Is Synovus Financial a buy right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 1 hold rating and 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.

What stocks does MarketBeat like better than Synovus Financial?

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

Are investors shorting Synovus Financial?

Synovus Financial saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 1,650,000 shares, a decrease of 21.1% from the March 31st total of 2,090,000 shares. Based on an average daily volume of 971,500 shares, the short-interest ratio is presently 1.7 days. Approximately 1.1% of the shares of the stock are short sold.
View Synovus Financial's Short Interest
.

When is Synovus Financial's next earnings date?

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

How were Synovus Financial's earnings last quarter?

Synovus Financial Corp. (NYSE:SNV) posted its quarterly earnings results on Monday, April, 19th. The bank reported $1.21 EPS for the quarter, beating the consensus estimate of $0.93 by $0.28. The bank had revenue of $485.60 million for the quarter, compared to the consensus estimate of $483 million. Synovus Financial had a net margin of 15.84% and a trailing twelve-month return on equity of 8.20%. Synovus Financial's revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS.
View Synovus Financial's earnings history
.

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

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. Since then, SNV shares have increased by 117.8% and is now trading at $49.24.
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 announced 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 annualized dividend and a yield of 2.68%. The ex-dividend date 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 2.71%. 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?

8 Wall Street analysts have issued 12 month target prices for Synovus Financial's shares. Their forecasts range from $13.50 to $58.00. On average, they expect Synovus Financial's share price to reach $42.28 in the next year. This suggests that the stock has a possible downside of 14.1%.
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 $2.79M)
  • Mr. Kevin S. Blair, Pres, COO & Exec. Director (Age 50, Pay $1.32M)
  • Mr. Andrew Jamie Gregory Jr., Exec. VP & CFO (Age 44, Pay $881.53k)
  • Mr. Mark G. Holladay, Exec. VP & Chief Risk Officer (Age 66, Pay $657.42k)
  • Mr. Robert Warren Derrick, Exec. VP & Chief Credit Officer (Age 57, Pay $578.62k)
  • Ms. Jill K. Hurley, Chief Accounting Officer & Controller (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)
  • Ms. Gloria C. Banks, Exec. VP & Chief Compliance and Ethics Officer

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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.18%), Synovus Financial Corp (4.01%), Alliancebernstein L.P. (2.98%), Franklin Resources Inc. (2.45%), Dimensional Fund Advisors LP (2.44%) and Bank of New York Mellon Corp (1.92%). Company insiders that own Synovus Financial stock include Andrew J Jr Gregory, Barry L Storey, John L Stallworth, 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 Credit Suisse AG, Franklin Resources Inc., Thrivent Financial for Lutherans, Alliancebernstein L.P., Prudential Financial Inc., Neuberger Berman Group LLC, Banc Funds Co. LLC, and Gamco Investors INC. ET AL.
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 purchased by a variety of institutional investors in the last quarter, including Strs Ohio, BlackRock Inc., Carlson Capital L P, Assenagon Asset Management S.A., Panagora Asset Management Inc., Gradient Investments LLC, Lisanti Capital Growth LLC, and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp. Company insiders that have bought Synovus Financial stock in the last two years include Andrew J Jr Gregory, Barry L Storey, 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.
Compare Top Brokerages Here.

What is Synovus Financial's stock price today?

One share of SNV stock can currently be purchased for approximately $49.24.

How much money does Synovus Financial make?

Synovus Financial has a market capitalization of $7.32 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 5,134 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 or via email at [email protected]


This page was last updated on 5/18/2021 by MarketBeat.com Staff
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