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

$34.70
-1.22 (-3.40 %)
(As of 08/23/2019 04:00 PM ET)
Today's Range
$34.60
Now: $34.70
$36.06
50-Day Range
$34.19
MA: $35.88
$38.59
52-Week Range
$29.93
Now: $34.70
$50.76
Volume1.32 million shs
Average Volume1.34 million shs
Market Capitalization$5.30 billion
P/E Ratio9.53
Dividend Yield3.37%
Beta1.31
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 treasury management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans. Read More…

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP87161C10
Phone706-649-2311

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.62 billion
Cash Flow$4.2472 per share
Book Value$29.87 per share

Profitability

Net Income$428.48 million

Miscellaneous

Employees4,651
Market Cap$5.30 billion
Next Earnings Date10/22/2019 (Estimated)
OptionableOptionable

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Synovus Financial (NYSE:SNV) Frequently Asked Questions

What is Synovus Financial's stock symbol?

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

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

Synovus Financial declared a quarterly dividend on Wednesday, June 5th. Stockholders of record on Thursday, June 20th will be paid a dividend of $0.30 per share on Monday, July 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Wednesday, June 19th. View Synovus Financial's Dividend History.

How will Synovus Financial's stock buyback program work?

Synovus Financial announced that its board has initiated a share buyback plan on Wednesday, January 24th 2018, which allows the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

How were Synovus Financial's earnings last quarter?

Synovus Financial Corp. (NYSE:SNV) posted its quarterly earnings results on Tuesday, July, 16th. The bank reported $1.00 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.99 by $0.01. The bank had revenue of $487.90 million for the quarter, compared to the consensus estimate of $482.13 million. Synovus Financial had a net margin of 24.15% and a return on equity of 15.11%. Synovus Financial's revenue was up 36.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 earnings per share. View Synovus Financial's Earnings History.

When is Synovus Financial's next earnings date?

Synovus Financial is scheduled to release their next quarterly earnings announcement on Tuesday, October 22nd 2019. View Earnings Estimates for Synovus Financial.

What price target have analysts set for SNV?

15 Wall Street analysts have issued twelve-month price targets for Synovus Financial's shares. Their predictions range from $30.73 to $51.00. On average, they anticipate Synovus Financial's stock price to reach $43.5946 in the next twelve months. This suggests a possible upside of 25.6% from the stock's current price. View Analyst Price Targets for Synovus Financial.

What is the consensus analysts' recommendation for Synovus Financial?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 1 hold rating, 13 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Synovus Financial.

What are Wall Street analysts saying about Synovus Financial stock?

Here are some recent quotes from research analysts about Synovus Financial stock:
  • 1. Stephens analysts commented, "We maintain our Equal-Weight rating. KEY POINTS: Positive Takeaways. Strong fees appear to be driven by “other” and mortgage sales that offset soft swap fees. Credit trends for consumer and commercial remain steady which drove lower-than-expected LLP expenses and represented $0.01 to consensus EPS. EOP commercial portfolio increased 5% YoY, a modest acceleration from recent range of 3%-4%." (7/16/2019)
  • 2. According to Zacks Investment Research, "Shares of Synovus have underperformed the industry over the past three months. However, the company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. Synovus’ organic and inorganic growth strategies position it well for the future. Also, the company’s steady capital deployment activities reflect its strong capital position. Synovus entered into a merger agreement with FCB Financial Holdings, which will create the largest mid-cap bank in the Southeast by deposits. However, rising costs is likely to keep bottom-line under pressure and management expects them to rise further as a result of continued investments in technology, talent and improving customer experience. Nevertheless, Synovus' improving credit quality remains a tailwind." (9/25/2018)

Has Synovus Financial been receiving favorable news coverage?

Headlines about SNV stock have trended positive recently, InfoTrie reports. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Synovus Financial earned a news impact score of 2.5 on InfoTrie's scale. They also gave news headlines about the bank a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock's share price in the next several days. View News Stories for Synovus Financial.

Who are some of Synovus Financial's key competitors?

What other stocks do shareholders of Synovus Financial own?

Who are Synovus Financial's key executives?

Synovus Financial's management team includes the folowing people:
  • Mr. Kessel D. Stelling Jr., Chairman, Pres & CEO (Age 63)
  • Mr. Kevin S. Blair, Sr. EVP, COO & Interim CFO (Age 48)
  • Mr. Mark G. Holladay, Exec. VP & Chief Risk Officer (Age 64)
  • Mr. Jeffrey Barton Singleton, Exec. VP & Pres of Financial Management Services (Age 55)
  • Ms. Jill K. Hurley, Chief Accounting Officer (Age 39)

Who are Synovus Financial's major shareholders?

Synovus Financial's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.65%), BlackRock Inc. (9.76%), Vanguard Group Inc. (9.46%), Synovus Financial Corp (3.95%), Bank of America Corp DE (1.39%) and Bank of New York Mellon Corp (1.39%). 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, Philip W Tomlinson and R Dallis Copeland Jr. View Institutional Ownership Trends for Synovus Financial.

Which institutional investors are selling Synovus Financial stock?

SNV stock was sold by a variety of institutional investors in the last quarter, including Prudential PLC, Vanguard Group Inc., Los Angeles Capital Management & Equity Research Inc., BlackRock Inc., BlackRock Inc., Bank of New York Mellon Corp, Prudential Financial Inc. and Point72 Asset Management L.P.. View Insider Buying and Selling for Synovus Financial.

Which institutional investors are buying Synovus Financial stock?

SNV stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Invesco Ltd., Silvercrest Asset Management Group LLC, Bank of America Corp DE, Scout Investments Inc., Castleark Management LLC, Strycker View Capital LLC and Jacobs Asset Management LLC. 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.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Synovus Financial's stock price today?

One share of SNV stock can currently be purchased for approximately $34.70.

How big of a company is Synovus Financial?

Synovus Financial has a market capitalization of $5.30 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.

What is Synovus Financial's official website?

The official website for Synovus Financial is http://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 or via email at [email protected]


MarketBeat Community Rating for Synovus Financial (NYSE SNV)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  298 (Vote Outperform)
Underperform Votes:  451 (Vote Underperform)
Total Votes:  749
MarketBeat's community ratings are surveys of what our community members think about Synovus Financial 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.
This page was last updated on 8/24/2019 by MarketBeat.com Staff

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