NYSE:SNV - Synovus Financial Stock Price, Forecast & News

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

Synovus Financial announced a quarterly dividend on Thursday, December 5th. Investors of record on Thursday, December 19th will be given a dividend of $0.30 per share on Thursday, January 2nd. This represents a $1.20 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Wednesday, December 18th. View Synovus Financial's Dividend History.

Synovus Financial announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 24th 2018, which authorizes the company to repurchase $150,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Synovus Financial Corp. (NYSE:SNV) posted its quarterly earnings results 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 analyst estimates of $486.74 million. Synovus Financial had a net margin of 23.22% and a return on equity of 14.43%. The firm's quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 earnings per share. View Synovus Financial's Earnings History.

Synovus Financial is scheduled to release their next quarterly earnings announcement on Friday, January 24th 2020. View Earnings Estimates for Synovus Financial.

Synovus Financial will be holding an earnings conference call on Friday, January 24th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

11 brokerages have issued 12 month price targets for Synovus Financial's shares. Their forecasts range from $39.00 to $49.00. On average, they expect Synovus Financial's share price to reach $43.60 in the next year. This suggests a possible upside of 9.8% from the stock's current price. View Analyst Price Targets for Synovus Financial.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 1 hold rating, 9 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Synovus Financial.

Press coverage about SNV stock has trended very positive on Tuesday, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by analyzing 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 daily sentiment score of 4.0 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Synovus Financial.

Synovus Financial saw a drop in short interest in December. As of December 31st, there was short interest totalling 2,900,000 shares, a drop of 9.9% from the December 15th total of 3,220,000 shares. Based on an average daily trading volume, of 1,250,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 2.0% of the company's stock are short sold. View Synovus Financial's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Synovus Financial investors own include Energy Transfer LP Unit (ET), Huntington Bancshares (HBAN), Bank of America (BAC), Citigroup (C), Pfizer (PFE), AT&T (T), Wells Fargo & Co (WFC), Ford Motor (F), Total System Services (TSS) and CBL & Associates Properties (CBL).

Synovus Financial's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (0.72%), Steward Partners Investment Advisory LLC (0.05%), M&R Capital Management Inc. (0.04%), Louisiana State Employees Retirement System (0.02%), State of Alaska Department of Revenue (0.02%) and Tocqueville Asset Management L.P. (0.01%). 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 Scout Investments Inc., State of Alaska Department of Revenue, M&R Capital Management Inc., IFP Advisors Inc, Louisiana State Employees Retirement System and Tocqueville Asset Management L.P.. View Insider Buying and Selling for Synovus Financial.

SNV stock was acquired by a variety of institutional investors in the last quarter, including Cerebellum GP LLC, AE Wealth Management LLC, Murphy Middleton Hinkle & Parker Inc., Nachman Norwood & Parrott Inc, Steward Partners Investment Advisory LLC and Huntington National Bank. 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 $39.72.

Synovus Financial has a market capitalization of $5.82 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]