Synovus Financial (SNV) Stock Price, News & Analysis

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last twelve months. There are currently 5 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SNV shares.
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15 brokers have issued 1-year price objectives for Synovus Financial's shares. Their SNV share price targets range from $34.00 to $50.00. On average, they expect the company's share price to reach $41.50 in the next twelve months. This suggests a possible upside of 13.4% from the stock's current price.
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Synovus Financial's stock was trading at $37.65 at the beginning of the year. Since then, SNV shares have decreased by 2.8% and is now trading at $36.60.
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Synovus Financial saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 5,780,000 shares, a decrease of 24.8% from the February 29th total of 7,690,000 shares. Based on an average trading volume of 1,440,000 shares, the days-to-cover ratio is presently 4.0 days. Approximately 4.0% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 17th 2024.
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Synovus Financial will be holding an earnings conference call on Thursday, April 18th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Synovus Financial Corp. (NYSE:SNV) issued its quarterly earnings data on Thursday, October, 19th. The bank reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. The bank earned $550.30 million during the quarter, compared to the consensus estimate of $539.16 million. Synovus Financial had a net margin of 15.74% and a trailing twelve-month return on equity of 14.95%. The firm's quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 EPS.

Synovus Financial declared a quarterly dividend on Monday, March 4th. Stockholders of record on Thursday, March 21st will be paid a dividend of $0.38 per share on Monday, April 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Wednesday, March 20th.
Read our dividend analysis for SNV.

Synovus Financial (NYSE:SNV) pays an annual dividend of $1.52 per share and currently has a dividend yield of 4.13%. SNV has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 43.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SNV will have a dividend payout ratio of 34.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SNV.

ETFs with the largest weight of Synovus Financial (NYSE:SNV) stock in their portfolio include iShares Focused Value Factor ETF (FOVL), SPDR S&P Regional Banking ETF (KRE), Invesco KBW Regional Banking ETF (KBWR), Thrivent Small-Mid Cap ESG ETF (TSME), SPDR S&P Bank ETF (KBE), First Trust Financial AlphaDEX Fund (FXO), iShares U.S. Regional Banks ETF (IAT) and Direxion Daily Regional Banks Bull 3x Shares (DPST).

Synovus Financial issued an update on its FY 2024 earnings guidance on Tuesday, January, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.2 billion-$2.3 billion, compared to the consensus revenue estimate of $2.2 billion.

133 employees have rated Synovus Financial Chief Executive Officer Kessel D. Stelling Jr. on Glassdoor.com. Kessel D. Stelling Jr. has an approval rating of 93% among the company's employees. This puts Kessel D. Stelling Jr. in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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).

Synovus Financial's stock is owned by many different retail and institutional investors. Top institutional shareholders include Asio Capital LLC (0.09%), Alaska Permanent Fund Corp (0.05%), Welch Group LLC (0.04%), Thomasville National Bank (0.01%), M&R Capital Management Inc. (0.01%) and Ferguson Wellman Capital Management Inc. (0.01%). Insiders that own company stock include Allan E Kamensky, Andrew J Jr Gregory, Daniel Zachary Bishop, Diana M Murphy, Eli Samaha, John L Stallworth, Joseph J Prochaska Jr, Kessel D Stelling, Kevin S Blair, Mark G Holladay, Mark G Holladay, Thomas T Dierdorff and Tim E Bentsen.
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Shares of SNV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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