Synovus Financial Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street 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 saw a increase in short interest in June. As of June 30th, there was short interest totaling 1,860,000 shares, an increase of 46.5% from the June 15th total of 1,270,000 shares. Based on an average daily trading volume, of 870,700 shares, the short-interest ratio is presently 2.1 days. Approximately 1.3% of the shares of the company are short sold.
View Synovus Financial's Short Interest.

Synovus Financial is scheduled to release its next quarterly earnings announcement on Tuesday, October 19th 2021.
View our earnings forecast for Synovus Financial.

Synovus Financial Corp. (NYSE:SNV) released its quarterly earnings data on Monday, July, 19th. The bank reported $1.20 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.03 by $0.17. Synovus Financial had a trailing twelve-month return on equity of 14.65% and a net margin of 28.77%. During the same period in the prior year, the firm posted $0.23 EPS.
View Synovus Financial's earnings history.

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 (WHO). Since then, SNV shares have increased by 79.6% and is now trading at $40.60.
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Synovus Financial announced a quarterly dividend on Thursday, June 3rd. Investors of record on Thursday, June 17th will be paid a dividend of $0.33 per share on Thursday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Wednesday, June 16th.
View Synovus Financial's dividend history.

Synovus Financial pays an annual dividend of $1.32 per share and currently has a dividend yield of 3.13%. Synovus Financial has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Synovus Financial is 54.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Synovus Financial will have a dividend payout ratio of 32.20% next year. This indicates that Synovus Financial will be able to sustain or increase its dividend.
View Synovus Financial's dividend history.

8 equities research analysts have issued 12-month price targets for Synovus Financial's stock. Their forecasts range from $13.50 to $59.00. On average, they anticipate Synovus Financial's share price to reach $44.39 in the next year. This suggests a possible upside of 9.3% from the stock's current price.
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 The PNC Financial Services Group (PNC), Truist Financial (TFC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), 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).
View all of SNV's competitors.

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 many different retail and institutional investors. Top institutional investors include Gradient Investments LLC (0.17%) and New Mexico Educational Retirement Board (0.02%). Company insiders that own Synovus Financial stock include Andrew J Jr Gregory, John L Stallworth, Mark G Holladay and Stephen T Butler.
View institutional ownership trends for Synovus Financial.

SNV stock was purchased by a variety of institutional investors in the last quarter, including Gradient Investments LLC, and New Mexico Educational Retirement Board. Company insiders that have bought Synovus Financial stock in the last two years include Andrew J Jr Gregory, John L Stallworth, 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 $40.60.

Synovus Financial has a market capitalization of $6.03 billion and generates $2.31 billion in revenue each year. The bank earns $373.70 million in net income (profit) each year or $2.41 on an earnings per share basis.

Synovus Financial employs 5,247 workers across the globe.

The following companies are subsidiares of Synovus Financial: Florida Community Bank.

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]