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NYSE:SNV

Synovus Financial Stock Forecast, Price & News

$20.05
+0.32 (+1.62 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$19.39
Now: $20.05
$20.16
50-Day Range
$19.73
MA: $21.79
$22.75
52-Week Range
$10.91
Now: $20.05
$40.32
Volume916,706 shs
Average Volume1.81 million shs
Market Capitalization$2.95 billion
P/E Ratio7.80
Dividend Yield6.69%
Beta1.69
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. Its retail banking services consist of 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 card services, including Visa and MasterCard 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, 2018, it operated through 249 branches and 335 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus Financial Corp. was founded in 1888 and is headquartered in Columbus, Georgia.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.73 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP87161C10
Phone706-641-6500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.41 billion
Cash Flow$3.97 per share
Book Value$30.06 per share

Profitability

Net Income$563.78 million

Miscellaneous

Employees5,389
Market Cap$2.95 billion
Next Earnings Date10/20/2020 (Confirmed)
OptionableOptionable
$20.05
+0.32 (+1.62 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Synovus Financial (NYSE:SNV) Frequently Asked Questions

How has Synovus Financial's stock been impacted by COVID-19?

Synovus Financial's stock was trading at $22.61 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SNV shares have decreased by 11.3% and is now trading at $20.05.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Synovus Financial?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. There are currently 1 hold rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Synovus Financial
.

When is Synovus Financial's next earnings date?

Synovus Financial is scheduled to release its next quarterly earnings announcement on Tuesday, October 20th 2020.
View our earnings forecast for Synovus Financial
.

How can I listen to Synovus Financial's earnings call?

Synovus Financial will be holding an earnings conference call on Tuesday, October 20th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Synovus Financial's earnings last quarter?

Synovus Financial Corp. (NYSE:SNV) announced its quarterly earnings data on Tuesday, July, 21st. The bank reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The bank earned $472.80 million during the quarter, compared to the consensus estimate of $450.30 million. Synovus Financial had a return on equity of 8.51% and a net margin of 17.25%. The business's quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 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 announced a quarterly dividend on Monday, June 8th. Stockholders of record on Thursday, June 18th will be given a dividend of $0.33 per share on Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 6.58%. The ex-dividend date of this dividend is Wednesday, June 17th.
View Synovus Financial's dividend history
.

What price target have analysts set for SNV?

9 brokerages have issued 1 year price targets for Synovus Financial's shares. Their forecasts range from $19.00 to $42.00. On average, they expect Synovus Financial's share price to reach $31.22 in the next year. This suggests a possible upside of 55.7% from the stock's current price.
View analysts' price targets for Synovus Financial
.

Who are some of Synovus Financial's key competitors?

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 LP Unit (ET), AT&T (T), Citigroup (C), Bank of America (BAC), Huntington Bancshares (HBAN), Ford Motor (F), Pfizer (PFE), AbbVie (ABBV), JPMorgan Chase & Co. (JPM) and Wells Fargo & Company (WFC).

Who are Synovus Financial's key executives?

Synovus Financial's management team includes the following 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)

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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.14%), Synovus Financial Corp (4.11%), FMR LLC (2.73%), Charles Schwab Investment Management Inc. (1.65%), Bank of New York Mellon Corp (1.41%) and Thrivent Financial for Lutherans (1.32%). Company insiders that own Synovus Financial stock include Allen J Gula, Andrew J Jr Gregory, Barry L Storey, Elizabeth W Camp, Kessel D Stelling, Kevin S Blair, Mark G Holladay and Stephen T Butler.
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 Prudential PLC, Nuveen Asset Management LLC, EJF Capital LLC, Gillson Capital LP, BHZ Capital Management LP, Vanguard Group Inc., Synovus Financial Corp, and AQR Capital Management LLC.
View insider buying and selling activity for Synovus Financial
.

Which major investors are buying Synovus Financial stock?

SNV stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Charles Schwab Investment Management Inc., Level Four Advisory Services LLC, Channing Capital Management LLC, Prudential Financial Inc., First Trust Advisors LP, Nordea Investment Management AB, and MERIAN GLOBAL INVESTORS UK Ltd. Company insiders that have bought Synovus Financial stock in the last two years include Andrew J Jr Gregory, Barry L Storey, Elizabeth W Camp, Kessel D Stelling, Kevin S Blair, and Stephen T Butler.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Synovus Financial's stock price today?

One share of SNV stock can currently be purchased for approximately $20.05.

How big of a company is Synovus Financial?

Synovus Financial has a market capitalization of $2.95 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.

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 706-641-6500 or via email at [email protected]

This page was last updated on 9/27/2020 by MarketBeat.com Staff

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