Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides various financial products and services. It offers integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services. The company's commercial banking services comprise cash management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans. Its retail banking services consist of accepting various types of demand and savings deposits; mortgage, installment, and other retail loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfer services; Internet based banking services; and bank credit card services, including MasterCard and Visa 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, asset management and financial planning services, and individual investment advice on equity and other securities, as well as trust services. As of December 31, 2017, it operated through 28 divisions and 250 branches in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus Financial Corporation was founded in 1888 and is headquartered in Columbus, Georgia.
Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNYSE:SNV
CUSIP87161C10
Phone706-649-2311
Debt
Debt-to-Equity Ratio0.60%
Current Ratio0.97%
Quick Ratio0.97%
Price-To-Earnings
Trailing P/E Ratio20.01
Forward P/E Ratio14.80
P/E Growth1.85
Sales & Book Value
Annual Sales$1.51 billion
Price / Sales3.99
Cash Flow$3.1823 per share
Price / Cash15.91
Book Value$23.85 per share
Price / Book2.12
Profitability
EPS (Most Recent Fiscal Year)$2.53
Net Income$275.47 million
Net Margins18.27%
Return on Equity11.20%
Return on Assets1.03%
Miscellaneous
Employees4,541
Outstanding Shares118,680,000
Synovus (NYSE:SNV) Frequently Asked Questions
What is Synovus' stock symbol?
Synovus trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNV."
How often does Synovus pay dividends? What is the dividend yield for Synovus?
Synovus declared a quarterly dividend on Thursday, March 1st. Stockholders of record on Thursday, March 15th will be given a dividend of $0.25 per share on Monday, April 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a boost from Synovus's previous quarterly dividend of $0.15. View Synovus' Dividend History.
How will Synovus' stock buyback program work?
Synovus announced that its board has approved a stock repurchase plan on Wednesday, January 24th 2018, which permits the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.
How were Synovus' earnings last quarter?
Synovus (NYSE:SNV) issued its quarterly earnings data on Tuesday, January, 23rd. The bank reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.05. The bank had revenue of $339.07 million for the quarter, compared to the consensus estimate of $338.60 million. Synovus had a return on equity of 11.20% and a net margin of 18.27%. The company's quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 EPS. View Synovus' Earnings History.
When is Synovus' next earnings date?
What price target have analysts set for SNV?
12 equities research analysts have issued twelve-month price targets for Synovus' shares. Their forecasts range from $42.00 to $56.00. On average, they expect Synovus' stock price to reach $51.9167 in the next year. View Analyst Ratings for Synovus.
Who are some of Synovus' key competitors?
Some companies that are related to Synovus include Zions Bancorp (ZION), CIT Group (CIT), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), PacWest Banc (PACW), First Horizon National (FHN), Webster Bank (WBS), Sterling Bancorp (STL), Pinnacle Financial Partners (PNFP), FNB (FNB), Valley National Bank (VLY), TCF Financial (TCF), UMB Financial (UMBF), MB Financial (MBFI), Fulton Financial (FULT), Community Bank, N.A. (CBU), Washington Federal (WAFD) and Simmons First National (SFNC).
Who are Synovus' key executives?
Synovus' management team includes the folowing people:
- Mr. Kessel D. Stelling Jr., Chairman, Chief Exec. Officer, Pres and Chairman of Synovus Bank (Age 61)
- Mr. Kevin S. Blair, Chief Financial Officer (Age 47)
- Mr. Allen J. Gula Jr., David Abee, Chief Operations Officer (Age 63)
- Mr. Allan E. Kamensky, Gen. Counsel & Corp. Sec. (Age 56)
- Mr. Mark G. Holladay, Chief Risk Officer (Age 63)
Has Synovus been receiving favorable news coverage?
Media coverage about SNV stock has been trending somewhat positive this week, Accern reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Synovus earned a coverage optimism score of 0.17 on Accern's scale. They also assigned press coverage about the bank an impact score of 46.62 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
How do I buy shares of Synovus?
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, Scottrade, Fidelity and Charles Schwab.
What is Synovus' stock price today?
One share of SNV stock can currently be purchased for approximately $50.63.
How big of a company is Synovus?
Synovus has a market capitalization of $6.01 billion and generates $1.51 billion in revenue each year. The bank earns $275.47 million in net income (profit) each year or $2.53 on an earnings per share basis. Synovus employs 4,541 workers across the globe.
How can I contact Synovus?
Synovus' 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]
MarketBeat Community Rating for Synovus (SNV)
MarketBeat's community ratings are surveys of what our community members think about Synovus and other stocks. Vote "Outperform" if you believe SNV will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SNV will underperform the S&P 500 over the long term. You may vote once every thirty days.
Synovus (NYSE:SNV) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
12 Wall Street analysts have issued ratings and price targets for Synovus in the last 12 months. Their average twelve-month price target is $51.9167, suggesting that the stock has a possible upside of 2.54%. The high price target for SNV is $56.00 and the low price target for SNV is $42.00. There are currently 8 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.33 | 2.36 | 2.45 | 2.36 |
| Ratings Breakdown: | 0 Sell Rating(s)
8 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
7 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
9 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $51.9167 | $51.9091 | $46.5556 | $44.70 |
| Price Target Upside: | 2.54% upside | 0.46% upside | 3.45% downside | 4.41% downside |
Synovus (NYSE:SNV) Consensus Price Target History
Synovus (NYSE:SNV) Analyst Ratings History
Show:
(Data available from 4/22/2016 forward)
Synovus (NYSE:SNV) Dividend Information
Synovus pays an annual dividend of $1.00 per share, with a dividend yield of 1.98%. SNV's most recent quarterly dividend payment was Monday, April 2. The company has grown its dividend for the last 4 consecutive years and is increasing its dividend by an average of 26.70% each year. Synovus pays out 39.53% of its earnings out as a dividend.
| Most Recent Dividend: | 4/2/2018 |
| Annual Dividend: | $1.00 |
| Dividend Yield: | 1.98% |
| Dividend Growth: | 26.70% (3 Year Average) |
| Payout Ratio: | 39.53% (Trailing 12 Months of Earnings)
29.24% (Based on This Year's Estimates)
26.67% (Based on Next Year's Estimates)
|
| Track Record: | 4 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Synovus (NYSE:SNV) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/1/2018 | quarterly | $0.25 | 2.03004466098254% | 3/14/2018 | 3/15/2018 | 4/2/2018 |
| 12/8/2017 | quarterly | $0.15 | 1.24% | 12/20/2017 | 12/21/2017 | 1/2/2018 |
| 9/8/2017 | quarterly | $0.15 | 1.41% | 9/20/2017 | 9/21/2017 | 10/2/2017 |
| 6/2/2017 | quarterly | $0.15 | 1.45% | 6/13/2017 | 6/15/2017 | 7/3/2017 |
| 3/3/2017 | quarterly | $0.15 | 1.39% | 3/14/2017 | 3/16/2017 | 4/3/2017 |
| 12/2/2016 | quarterly | $0.12 | 1.21% | 12/13/2016 | 12/15/2016 | 1/2/2017 |
| 9/1/2016 | quarterly | $0.12 | 1.43% | 9/13/2016 | 9/15/2016 | 10/3/2016 |
| 6/2/2016 | quarterly | $0.12 | 1.52% | 6/14/2016 | 6/16/2016 | 7/1/2016 |
| 3/4/2016 | quarterly | $0.12 | 1.66% | 3/15/2016 | 3/17/2016 | 4/1/2016 |
| 12/3/2015 | quarterly | $0.12 | 1.44% | 12/15/2015 | 12/17/2015 | 1/4/2016 |
| 9/2/2015 | quarterly | $0.10 | 1.33% | 9/15/2015 | 9/17/2015 | 10/1/2015 |
| 6/4/2015 | quarterly | $0.10 | 1.34% | 6/16/2015 | 6/18/2015 | 7/1/2015 |
| 3/4/2015 | quarterly | $0.10 | 1.45% | 3/17/2015 | 3/19/2015 | 4/1/2015 |
| 12/3/2014 | quarterly | $0.10 | 1.54% | 12/16/2014 | 12/18/2014 | 1/2/2015 |
| 9/3/2014 | quarterly | $0.07 | 1.16% | 9/16/2014 | 9/18/2014 | 10/1/2014 |
| 5/20/2014 | quarterly | $0.07 | | 6/17/2014 | 6/19/2014 | 7/1/2014 |
| 3/7/2014 | quarterly | $0.01 | 1.13% | 3/18/2014 | 3/20/2014 | 4/1/2014 |
| 12/5/2013 | quarterly | $0.01 | 1.17% | 12/17/2013 | 12/19/2013 | 1/2/2014 |
| 9/4/2013 | quarterly | $0.01 | 1.25% | 9/17/2013 | 9/19/2013 | 10/1/2013 |
| 6/5/2013 | quarterly | $0.01 | 1.52% | 6/18/2013 | 6/20/2013 | 7/1/2013 |
| 3/5/2013 | quarterly | $0.01 | 1.49% | 3/19/2013 | 3/21/2013 | 4/1/2013 |
(Data available from 1/1/2013 forward)
Synovus (NYSE SNV) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.50%
Institutional Ownership Percentage: 81.01%
Synovus (NYSE SNV) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/1/2018 | Allen J Gula | COO | Sell | 2,450 | $50.22 | $123,039.00 | 70,111 |  |
| 2/1/2018 | Mark G Holladay | VP | Sell | 5,000 | $50.16 | $250,800.00 | 52,063 | |
| 12/8/2017 | Philip W Tomlinson | Director | Sell | 1,052 | $48.82 | $51,358.64 | 27,139 | |
| 10/27/2017 | Allen J Gula | COO | Sell | 2,125 | $47.11 | $100,108.75 | 72,561 | |
| 10/19/2017 | R Dallis Copeland Jr | EVP | Sell | 10,000 | $46.29 | $462,900.00 | 43,488 | |
| 7/24/2017 | Curtis J Perry | EVP | Sell | 7,062 | $43.86 | $309,739.32 | 60,038 | |
| 7/21/2017 | Kevin Joseph Howard | EVP | Sell | 7,000 | $43.37 | $303,590.00 | 46,490 | |
| 4/27/2017 | D Wayne Akins Jr | EVP | Sell | 3,500 | $42.96 | $150,360.00 | 34,994 | |
| 4/21/2017 | Jeffrey Barton Singleton | EVP | Sell | 10,500 | $41.96 | $440,580.00 | 58,781 | |
| 2/13/2017 | Allan E. Kamensky | General Counsel | Buy | 1,110 | $42.20 | $46,842.00 | | |
| 1/24/2017 | Allen J Gula | COO | Sell | 2,450 | $41.76 | $102,312.00 | 69,943 | |
| 11/8/2016 | Curtis J Perry | EVP | Sell | 8,000 | $33.66 | $269,280.00 | 57,125 | |
| 10/27/2016 | Mark G Holladay | VP | Sell | 6,035 | $33.28 | $200,844.80 | 53,967 | |
| 10/21/2016 | Liliana C Mcdaniel | Insider | Sell | 300 | $32.78 | $9,834.00 | 10,482 | |
| 8/5/2016 | Liliana C Mcdaniel | Insider | Sell | 300 | $31.77 | $9,531.00 | 10,782 | |
| 5/17/2016 | R Dallis Copeland Jr | EVP | Sell | 8,000 | $30.10 | $240,800.00 | 55,029 | |
| 2/3/2016 | Allan E Kamensky | General Counsel | Buy | 3,450 | $28.85 | $99,532.50 | 49,568 | |
| 1/21/2016 | Tim E Bentsen | Director | Buy | 2,700 | $28.09 | $75,843.00 | 7,949 | |
| 7/24/2015 | Kevin Joseph Howard | EVP | Sell | 5,430 | $31.85 | $172,945.50 | | |
| 2/6/2015 | Mark G Holladay | VP | Sell | 5,400 | $27.96 | $150,984.00 | | |
| 8/11/2014 | Allan E Kamensky | General Counsel | Buy | 5,654 | $22.87 | $129,306.98 | | |
| 3/4/2014 | Kevin Joseph Howard | EVP | Sell | 27,500 | $3.52 | $96,800.00 | 321,464 | |
| 2/24/2014 | Allan Kamensky | General Counsel | Buy | 5,900 | $3.43 | $20,237.00 | 210,032 | |
| 10/30/2013 | R Dallis Copeland Jr | EVP | Sell | 50,000 | $3.30 | $165,000.00 | | |
| 7/24/2013 | J Neal Purcell | Director | Buy | 50,000 | $3.09 | $154,500.00 | | |
| 7/24/2013 | Kessel D Stelling | CEO | Buy | 20,000 | $3.09 | $61,800.00 | | |
| 7/24/2013 | Mark G Holladay | VP | Buy | 1,500 | $3.09 | $4,635.00 | | |
| 7/23/2013 | T Michael Goodrich | Director | Buy | 100,000 | $3.09 | $309,000.00 | | |
| 5/9/2013 | Jerry W Nix | Director | Buy | 20,000 | $2.76 | $55,200.00 | | |
(Data available from 1/1/2013 forward)
Synovus (NYSE SNV) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Why Earnings Season Could Be Great for Synovus Financial (SNV)
finance.yahoo.com - April 20 at 4:56 PM |
 | Why Earnings Season Could Be Great for Synovus Financial (SNV) April 20, 2018
www.zacks.com - April 20 at 8:58 AM |
 | $0.78 EPS Expected for Synovus (SNV) This Quarter
www.americanbankingnews.com - April 18 at 1:14 AM |
| Synovus (SNV) Scheduled to Post Earnings on Tuesday
www.americanbankingnews.com - April 17 at 4:27 AM |
| Synovus (SNV) Downgraded to "Sell" at BidaskClub
www.americanbankingnews.com - April 15 at 12:01 PM |
| Contrasting DNB Financial (DNBF) and Synovus (SNV)
www.americanbankingnews.com - April 14 at 11:33 AM |
| Piper Jaffray Weighs in on Synovus' Q1 2018 Earnings (SNV)
www.americanbankingnews.com - April 11 at 7:59 AM |
| Synovus (SNV) Downgraded by BidaskClub
www.americanbankingnews.com - April 10 at 2:51 PM |
| Piper Jaffray Begins Coverage on Synovus (SNV)
www.americanbankingnews.com - April 9 at 7:54 AM |
| Synovus (SNV) Scheduled to Post Quarterly Earnings on Monday
www.americanbankingnews.com - April 9 at 1:25 AM |
| Zacks Investment Research Downgrades Synovus (SNV) to Hold
www.americanbankingnews.com - April 6 at 12:36 PM |
| Q1 2018 EPS Estimates for Synovus (SNV) Increased by Analyst
www.americanbankingnews.com - April 6 at 7:58 AM |
| Synovus (SNV) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - April 5 at 1:10 PM |
| FY2018 Earnings Estimate for Synovus (SNV) Issued By Jefferies Group
www.americanbankingnews.com - April 5 at 7:58 AM |
| Synovus (SNV) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - April 4 at 3:25 AM |
| Synovus to Announce First Quarter 2018 Results on April 24, 2018
finance.yahoo.com - April 3 at 8:59 AM |
| Synovus (SNV) Expected to Announce Quarterly Sales of $341.68 Million
www.americanbankingnews.com - April 3 at 4:46 AM |
| Brokerages Expect Synovus (SNV) Will Post Earnings of $0.78 Per Share
www.americanbankingnews.com - April 1 at 3:08 AM |
 | Developer obtains funding to build 165000-square-foot office in Broward
www.bizjournals.com - March 31 at 5:01 PM |
| Synovus Financial (SNV) Earns "Average" Rating from Robert W. Baird
www.americanbankingnews.com - March 30 at 10:36 PM |
 | Remington Was Turned Down by 30 Lenders After School Shooting
www.bloomberg.com - March 30 at 5:03 PM |
| First look: Synovus opens new Atlanta office tower
www.bizjournals.com - March 27 at 4:50 PM |
| Hovde Group Reaffirms "Hold" Rating for Synovus Financial (SNV)
www.americanbankingnews.com - March 26 at 6:30 PM |
| U.S. banks provide rescue financing for gunmaker Remington
finance.yahoo.com - March 26 at 4:49 PM |
| Synovus Trust's Morgan Says It's Too Early to Make Judgements on Facebook's Future
finance.yahoo.com - March 22 at 5:07 PM |
 | Stock Review for Banking's Investors -- BankUnited, Citizens Financial, Synovus Financial, and United Bankshares
www.prnewswire.com - March 22 at 9:04 AM |
| Synovus Trust's Morgan Says It's Too Early to Make Judgements on Facebook's Future
finance.yahoo.com - March 22 at 9:04 AM |
| Qualcomm Growth Depends on NXP Acquisition, Says Synovus Trust's Morgan
finance.yahoo.com - March 16 at 6:00 PM |
| Brokerages Anticipate Synovus Financial Corp. (SNV) Will Announce Quarterly Sales of $341.73 Million
www.americanbankingnews.com - March 16 at 1:02 AM |
| Analysts Expect Synovus Financial Corp. (SNV) Will Announce Earnings of $0.78 Per Share
www.americanbankingnews.com - March 14 at 11:15 PM |
 | Ex-Dividend Reminder: BancorpSouth Bank, Broadridge Financial Solutions and Synovus Financial - Nasdaq
www.nasdaq.com - March 12 at 12:07 PM |
| Synovus Financial (SNV) Rating Increased to Equal Weight at Morgan Stanley
www.americanbankingnews.com - March 11 at 1:30 PM |
| Synovus Financial Corp. (SNV) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - March 10 at 4:14 AM |
| Morgan Stanley Upgrades Synovus Financial After Earnings, Profit Growth
finance.yahoo.com - March 7 at 5:54 PM |
| Koch Industries Inc. Has $1.21 Million Position in Synovus Financial Corp. (SNV)
www.americanbankingnews.com - March 5 at 3:06 PM |
| OppenheimerFunds Inc. Has $23.57 Million Stake in Synovus Financial Corp. (SNV)
www.americanbankingnews.com - March 4 at 12:08 PM |
| Synovus Financial Corp. (SNV) Shares Sold by Bank of New York Mellon Corp
www.americanbankingnews.com - March 4 at 4:44 AM |
| Suntrust Banks Inc. Has $2.16 Million Stake in Synovus Financial Corp. (SNV)
www.americanbankingnews.com - March 2 at 8:32 PM |
| Synovus Financial Corp. (SNV) Raises Dividend to $0.25 Per Share
www.americanbankingnews.com - March 1 at 6:18 PM |
| Synovus Financial Corp. (SNV) Shares Sold by BlackRock Inc.
www.americanbankingnews.com - March 1 at 5:08 AM |
| Synovus Financial Corp. (SNV) Shares Sold by Liberty Mutual Group Asset Management Inc.
www.americanbankingnews.com - February 28 at 12:56 PM |
| Rhumbline Advisers Has $11.82 Million Stake in Synovus Financial Corp. (SNV)
www.americanbankingnews.com - February 28 at 7:52 AM |
| Synovus Financial Corp. (SNV) Stake Lifted by Arizona State Retirement System
www.americanbankingnews.com - February 28 at 4:28 AM |
| Synovus Financial (SNV) Receives "Hold" Rating from Keefe, Bruyette & Woods
www.americanbankingnews.com - February 27 at 5:46 PM |
| Synovus Financial Corp. (SNV) Shares Sold by Sei Investments Co.
www.americanbankingnews.com - February 26 at 8:58 AM |
| Carillon Tower Advisers Inc. Buys Shares of 2,252,773 Synovus Financial Corp. (SNV)
www.americanbankingnews.com - February 25 at 4:59 AM |
| American International Group Inc. Reduces Position in Synovus Financial Corp. (SNV)
www.americanbankingnews.com - February 25 at 4:04 AM |
| Synovus Financial Corp. (SNV) Shares Bought by Teacher Retirement System of Texas
www.americanbankingnews.com - February 24 at 5:16 AM |
| Synovus Financial Corp. (SNV) Stake Decreased by California Public Employees Retirement System
www.americanbankingnews.com - February 24 at 5:10 AM |
| Why Is Synovus Financial (SNV) Down 1.5% Since its Last Earnings Report?
finance.yahoo.com - February 22 at 5:15 PM |
Synovus (NYSE:SNV) SEC Filings
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Synovus (NYSE:SNV) Income Statement, Balance Sheet and Cash Flow Statement
Synovus (NYSE SNV) Stock Chart for Sunday, April, 22, 2018
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