NYSE:SNVSynovus Financial Stock Price, Forecast & News

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 decreased by 15.6% and is now trading at $19.08. View which stocks have been most impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 1 hold rating and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Synovus Financial.

Synovus Financial is scheduled to release its next quarterly earnings announcement on Tuesday, July 21st 2020. View our earnings forecast for Synovus Financial.

Synovus Financial Corp. (NYSE:SNV) released its quarterly earnings results on Friday, April, 24th. The bank reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.10. The bank had revenue of $477.90 million for the quarter, compared to analysts' expectations of $456.99 million. Synovus Financial had a net margin of 20.00% and a return on equity of 11.20%. The business's revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 earnings per share. View Synovus Financial's earnings history.

Synovus Financial declared a quarterly dividend on Tuesday, March 3rd. Stockholders of record on Monday, March 9th will be paid a dividend of $0.33 per share on Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from Synovus Financial's previous quarterly dividend of $0.30. View Synovus Financial's dividend history.

11 brokerages have issued 12-month price targets for Synovus Financial's shares. Their forecasts range from $26.00 to $42.00. On average, they anticipate Synovus Financial's stock price to reach $35.80 in the next year. This suggests a possible upside of 87.6% from the stock's current price. View analysts' price targets for Synovus Financial.

Headlines about SNV stock have trended somewhat negative on Friday, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Synovus Financial earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned news coverage about the bank a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days. View the latest news aboutSynovus Financial.

Synovus Financial saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 4,930,000 shares, an increase of 26.7% from the April 30th total of 3,890,000 shares. Based on an average daily trading volume, of 2,330,000 shares, the short-interest ratio is presently 2.1 days. Approximately 3.4% of the shares of the stock are sold short. View Synovus Financial's Current Options Chain.

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

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

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.97%), Wellington Management Group LLP (7.08%), Synovus Financial Corp (4.18%), State Street Corp (3.55%), Franklin Resources Inc. (2.93%) and Alliancebernstein L.P. (2.53%). Company insiders that own Synovus Financial stock include Allan E Kamensky, Allen J Gula, Andrew J Jr Gregory, Barry L Storey, Diana M Murphy, Elizabeth W Camp, Kessel D Stelling, Kevin S Blair, Mark G Holladay, Philip W Tomlinson 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 EJF Capital LLC, Balyasny Asset Management LLC, Squarepoint Ops LLC, BlackRock Inc., Pzena Investment Management LLC, Principal Financial Group Inc., Two Sigma Investments LP, and Victory Capital Management Inc.. View insider buying and selling activity for Synovus Financial.

SNV stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Franklin Resources Inc., Channing Capital Management LLC, Deutsche Bank AG, Nuveen Asset Management LLC, BHZ Capital Management LP, BNP Paribas Arbitrage SA, and Schneider Capital Management Corp. Company insiders that have bought Synovus Financial stock in the last two years include Allan E Kamensky, Allen J Gula, Andrew J Jr Gregory, Barry L Storey, Diana M Murphy, Elizabeth W Camp, Kessel D Stelling, Kevin S Blair, Mark G Holladay, Philip W Tomlinson, and Stephen T Butler. View insider buying and selling activity 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 $19.08.

Synovus Financial has a market capitalization of $2.81 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 5,389 workers across the globe.

The official website for Synovus Financial is 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]