S&P 500   4,023.89
DOW   32,196.66
QQQ   301.94
S&P 500   4,023.89
DOW   32,196.66
QQQ   301.94
S&P 500   4,023.89
DOW   32,196.66
QQQ   301.94
S&P 500   4,023.89
DOW   32,196.66
QQQ   301.94

Synovus Financial (SNV) Stock Forecast, Price & News

$39.85
+0.87 (+2.23%)
(As of 05/13/2022 06:40 PM ET)
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Today's Range
$39.53
$40.47
50-Day Range
$38.98
$51.72
52-Week Range
$37.98
$54.40
Volume
742,500 shs
Average Volume
1.05 million shs
Market Capitalization
$5.79 billion
P/E Ratio
8.27
Dividend Yield
3.41%
Beta
1.42
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.

Headlines

Synovus Financial (NYSE:SNV) Price Target Cut to $60.00
Analyst Ratings for Synovus Finl
See More Headlines

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
87161C10
Employees
4,988
Year Founded
1888

Sales & Book Value

Annual Sales
$2.10 billion
Cash Flow
$6.14 per share
Book Value
$29.50 per share

Profitability

Net Income
$760.47 million
Pretax Margin
45.95%

Debt

Price-To-Earnings

Miscellaneous

Free Float
143,088,000
Market Cap
$5.79 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 4/1 Dividend
3/16/2022
Dividend Payable
4/01/2022
Last Earnings
4/21/2022
Today
5/16/2022
Next Earnings (Estimated)
7/19/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

3.17 out of 5 stars

Finance Sector

89th out of 1,349 stocks

National Commercial Banks Industry

13th out of 110 stocks

Analyst Opinion: 3.5Community Rank: 4.0Dividend Strength: 2.5Insider Behavior: 3.3Valuation: 2.5 5 -4 -3 -2 -1 -













Synovus Financial (NYSE:SNV) Frequently Asked Questions

Is Synovus Financial a buy right now?

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

When is Synovus Financial's next earnings date?

Synovus Financial is scheduled to release its next quarterly earnings announcement on Tuesday, July 19th 2022.
View our earnings forecast for Synovus Financial
.

How were Synovus Financial's earnings last quarter?

Synovus Financial Corp. (NYSE:SNV) released its earnings results on Thursday, April, 21st. The bank reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.05. The bank had revenue of $498.50 million for the quarter, compared to the consensus estimate of $497.35 million. Synovus Financial had a net margin of 35.38% and a trailing twelve-month return on equity of 16.00%. The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 earnings per share.
View Synovus Financial's earnings history
.

How often does Synovus Financial pay dividends? What is the dividend yield for Synovus Financial?

Synovus Financial declared a quarterly dividend on Thursday, March 3rd. Stockholders of record on Thursday, March 17th will be given a dividend of $0.34 per share on Friday, April 1st. This represents a $1.36 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Wednesday, March 16th. This is a boost from Synovus Financial's previous quarterly dividend of $0.33.
View Synovus Financial's dividend history
.

Is Synovus Financial a good dividend stock?

Synovus Financial pays an annual dividend of $1.36 per share and currently has a dividend yield of 3.41%. Synovus Financial does not yet have a strong track record of dividend growth. The dividend payout ratio of Synovus Financial is 28.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Synovus Financial will have a dividend payout ratio of 26.56% 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?

7 brokers have issued 12 month price targets for Synovus Financial's shares. Their forecasts range from $56.00 to $68.00. On average, they anticipate Synovus Financial's share price to reach $59.71 in the next twelve months. This suggests a possible upside of 49.8% from the stock's current price.
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., Exec. Chairman (Age 66, Pay $3.53M) (LinkedIn Profile)
  • Mr. Kevin S. Blair, CEO, Pres & Exec. Director (Age 51, Pay $2.33M)
  • Mr. Andrew Jamie Gregory Jr., Exec. VP & CFO (Age 46, Pay $1.05M)
  • Mr. Robert Warren Derrick, Exec. VP & Chief Credit Officer (Age 58, Pay $704.18k)
  • Ms. Jill K. Hurley, Chief Accounting Officer & Controller (Age 42)
  • Mr. Thomas T. Dierdorff, Exec. VP and Head of Corp. & Investment Banking (Age 54)
  • Mr. Daniel Zachary Bishop, Exec. VP and Head of Technology, Operations & Security (Age 46)
  • Cal Evans, Sr. Director of Investor Relations & Market Intelligence
  • Mr. Allan E. Kamensky Esq., Exec. VP & Gen. Counsel (Age 60)
  • 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.

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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.07%), BlackRock Inc. (8.98%), Synovus Financial Corp (3.72%), Charles Schwab Investment Management Inc. (1.96%), Dimensional Fund Advisors LP (1.95%) and Bank of New York Mellon Corp (1.61%). Company insiders that own Synovus Financial stock include Andrew J Jr Gregory, John L Stallworth, Joseph J Prochaska Jr, Kessel D Stelling, Kevin S Blair, Mark G Holladay and Mark G Holladay.
View institutional ownership trends for Synovus Financial
.

Which major investors are selling Synovus Financial stock?

SNV stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Synovus Financial Corp, Bank of New York Mellon Corp, AM Investment Strategies LLC, Verition Fund Management LLC, Prudential Financial Inc., Charles Schwab Investment Management Inc., and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp. Company insiders that have sold Synovus Financial company stock in the last year include Kessel D Stelling, and Mark G Holladay.
View insider buying and selling activity for Synovus Financial
or view top insider-selling stocks.

Which major investors are buying Synovus Financial stock?

SNV stock was purchased by a variety of institutional investors in the last quarter, including Scout Investments Inc., American Century Companies Inc., Twin Tree Management LP, First Trust Advisors LP, Vanguard Group Inc., Ferguson Wellman Capital Management Inc., Panagora Asset Management Inc., and Victory Capital Management Inc.. Company insiders that have bought Synovus Financial stock in the last two years include Andrew J Jr Gregory, John L Stallworth, Joseph J Prochaska Jr, and Kevin S Blair.
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 $39.85.

How much money does Synovus Financial make?

Synovus Financial has a market capitalization of $5.79 billion and generates $2.10 billion in revenue each year. The bank earns $760.47 million in net income (profit) each year or $4.82 on an earnings per share basis.

How many employees does Synovus Financial have?

Synovus Financial employs 4,988 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.

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, via email at [email protected], or via fax at 706-641-6555.

This page was last updated on 5/16/2022 by MarketBeat.com Staff

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