Synovus Financial (SNV) Stock Price, News & Analysis

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last twelve months. There are currently 7 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SNV shares.
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16 Wall Street research analysts have issued 1-year target prices for Synovus Financial's stock. Their SNV share price targets range from $35.00 to $50.00. On average, they anticipate the company's stock price to reach $41.38 in the next twelve months. This suggests a possible upside of 22.0% 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 stock has decreased by 9.9% and is now trading at $33.92.
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Synovus Financial saw a decline in short interest in March. As of March 15th, there was short interest totaling 5,780,000 shares, a decline 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 short-interest ratio is presently 4.0 days. Approximately 4.0% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024.
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Synovus Financial Corp. (NYSE:SNV) issued its quarterly earnings results on Thursday, April, 18th. The bank reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by $0.20. The bank earned $537.73 million during the quarter, compared to analysts' expectations of $547.62 million. Synovus Financial had a net margin of 13.29% and a trailing twelve-month return on equity of 13.08%. The company's revenue was down 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 EPS.

Synovus Financial announced a quarterly dividend on Monday, March 4th. Shareholders 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 4.48%. The ex-dividend date 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 4.15%. 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 52.05%. 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), Direxion Daily Regional Banks Bull 3x Shares (DPST), Thrivent Small-Mid Cap ESG ETF (TSME), SPDR S&P Bank ETF (KBE), First Trust Financial AlphaDEX Fund (FXO) and iShares U.S. Regional Banks ETF (IAT).

Synovus Financial updated 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 institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.20%), Asio Capital LLC (0.09%), Alaska Permanent Fund Corp (0.05%), Welch Group LLC (0.04%), State of Michigan Retirement System (0.02%) and Thomasville National Bank (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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