Synovus Financial Stock Forecast, Price & News

9 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 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.

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

Synovus Financial Corp. (NYSE:SNV) issued its quarterly earnings results on Monday, April, 19th. The bank reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.28. The bank earned $485.60 million during the quarter, compared to analysts' expectations of $483 million. Synovus Financial had a trailing twelve-month return on equity of 8.20% and a net margin of 15.84%. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share.
View Synovus Financial's earnings history.

Synovus Financial's stock was trading at $22.61 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SNV stock has increased by 105.7% and is now trading at $46.50.
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Synovus Financial declared a quarterly dividend on Thursday, March 4th. Shareholders of record on Thursday, March 18th will be paid 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.

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.

9 analysts have issued 1 year price objectives for Synovus Financial's shares. Their forecasts range from $13.50 to $56.00. On average, they anticipate Synovus Financial's stock price to reach $40.45 in the next twelve months. This suggests that the stock has a possible downside of 13.0%.
View analysts' price targets for Synovus Financial or view top-rated stocks among Wall Street analysts.

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.

Some companies that are related to Synovus Financial include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), Regions Financial (RF), KeyCorp (KEY), M&T Bank (MTB), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), First Horizon (FHN), Commerce Bancshares (CBSH) and Zions Bancorporation, National Association (ZION).
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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).

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. (0.54%), Strs Ohio (0.51%), Retirement Systems of Alabama (0.33%), Gradient Investments LLC (0.17%), Hennessy Advisors Inc. (0.08%) and Leavell Investment Management Inc. (0.06%). 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.

SNV stock was sold by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., First Citizens Bank & Trust Co., Great Valley Advisor Group Inc., Ellenbecker Investment Group, New York State Teachers Retirement System, M&R Capital Management Inc., Investors Asset Management of Georgia Inc. GA ADV, and Sippican Capital Advisors.
View insider buying and selling activity for Synovus Financial or view top insider-selling stocks.

SNV stock was bought by a variety of institutional investors in the last quarter, including Strs Ohio, Gradient Investments LLC, Retirement Systems of Alabama, Scout Investments Inc., Hanlon Investment Management Inc., Heritage Way Advisors LLC, IBM Retirement Fund, and Louisiana State Employees Retirement System. 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.

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.
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One share of SNV stock can currently be purchased for approximately $46.50.

Synovus Financial has a market capitalization of $6.91 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 5,134 workers across the globe.

Synovus Financial was founded in 1888.

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

Synovus Financial is headquartered at 1111 BAY AVENUE SUITE 500, COLUMBUS GA, 31901.

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]