Should I buy or sell Synovus Financial stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synovus Financial in the last year. 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. View SNV analyst ratings or view top-rated stocks .

What is Synovus Financial's stock price target for 2024?

16 Wall Street analysts have issued 12-month price objectives for Synovus Financial's shares. Their SNV share price targets range from $37.00 to $48.00. On average, they anticipate the company's share price to reach $41.38 in the next year. This suggests a possible upside of 13.0% from the stock's current price. View analysts price targets for SNV or view top-rated stocks among Wall Street analysts .

How have SNV shares performed in 2024?

Synovus Financial's stock was trading at $37.65 at the beginning of the year. Since then, SNV shares have decreased by 2.7% and is now trading at $36.63. View the best growth stocks for 2024 here .

Are investors shorting Synovus Financial?

Synovus Financial saw a drop in short interest during the month of March. As of March 15th, there was short interest totaling 5,780,000 shares, a drop of 24.8% from the February 29th total of 7,690,000 shares. Based on an average daily volume of 1,440,000 shares, the short-interest ratio is presently 4.0 days. Currently, 4.0% of the company's stock are sold short. View Synovus Financial's Short Interest .

When is Synovus Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024. View our SNV earnings forecast .

How were Synovus Financial's earnings last quarter?

Synovus Financial Corp. (NYSE:SNV) released its earnings results on Thursday, April, 18th. The bank reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by $0.20. The bank had revenue of $537.73 million for the quarter, compared to the consensus estimate of $547.62 million. Synovus Financial had a net margin of 13.29% and a trailing twelve-month return on equity of 12.93%. Synovus Financial's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.33 EPS.

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

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

Is Synovus Financial a good dividend stock?

Synovus Financial (NYSE:SNV) pays an annual dividend of $1.52 per share and currently has a dividend yield of 4.26%. 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 34.62% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SNV .

What ETFs hold Synovus Financial's stock?

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) , iShares U.S. Regional Banks ETF (IAT) and First Trust Nasdaq Bank ETF (FTXO) .

What guidance has Synovus Financial issued on next quarter's earnings?

Synovus Financial issued an update on its FY 2024 earnings guidance on Friday, April, 19th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.2 billion-$2.2 billion, compared to the consensus revenue estimate of $2.2 billion.

What is Kessel D. Stelling Jr.'s approval rating as Synovus Financial's CEO?

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.

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 (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) .

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 Allspring Global Investments Holdings LLC (0.20%), Asio Capital LLC (0.09%), Raymond James & Associates (0.08%), Amalgamated Bank (0.07%), Alaska Permanent Fund Corp (0.05%) and Welch Group LLC (0.04%). 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 . View institutional ownership trends .

How do I buy shares of Synovus Financial?

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. Compare Top Brokerages Here .

Does Synovus Financial have any subsidiaries?

The following companies are subsidiares of Synovus Financial: Florida Community Bank. Read More

Most-Downgraded StocksMost-Downgraded

NYSE:SNV

Synovus Financial (SNV) Stock Price, News & Analysis

→ This Apple-like Innovator is Revolutionizing Healthcare (From Wall Street Star) (Ad)

Free SNV Stock Alerts

$36.63

+0.95 (+2.66%)

(As of 04/23/2024 ET)

Compare

Today's Range: $35.51
▼
$36.85
50-Day Range: $33.92
▼
$40.06
52-Week Range: $24.40
▼
$40.92

Volume: 1.82 million shs
Average Volume: 1.48 million shs
Market Capitalization: $5.36 billion

P/E Ratio: 12.54
Dividend Yield: 4.15%
Price Target: $41.18

Get Synovus Financial alerts:

Synovus Financial MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.59 Rating Score
Upside/Downside: 13.0% Upside
$41.38 Price Target
Short Interest: Bearish
4.24% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.71
Upright™ Environmental Score
News Sentiment: -0.07
Based on 56 Articles This Week
Insider Trading: Selling Shares
$180,394 Sold Last Quarter
Proj. Earnings Growth: 15.83%
From $3.79 to $4.39 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.72 out of 5 stars

Finance Sector

144th out of 848 stocks

National Commercial Banks Industry

20th out of 83 stocks

3.3

Analyst's Opinion

Consensus Rating
Synovus Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.56, and is based on 9 buy ratings, 7 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Synovus Financial has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
4.24% of the float of Synovus Financial has been sold short.
Short Interest Ratio / Days to Cover
Synovus Financial has a short interest ratio ("days to cover") of 4.2.
Change versus previous month
Short interest in Synovus Financial has recently increased by 6.57%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
Synovus Financial is a leading dividend payer. It pays a dividend yield of 4.26%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Synovus Financial has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Synovus Financial is 52.05%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Synovus Financial will have a dividend payout ratio of 34.62% next year. This indicates that Synovus Financial will be able to sustain or increase its dividend.

2.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Synovus Financial has received a 16.08% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Wholesale banking", "Mortgages provided by brick and mortar banks", and "Home equity loans" products. See details.
Environmental Sustainability
The Environmental Impact score for Synovus Financial is -0.71.

1.1

News and Social Media Coverage

News Sentiment
Synovus Financial has a news sentiment score of -0.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 56 news articles for Synovus Financial this week, compared to 5 articles on an average week.
Search Interest
Only 1 people have searched for SNV on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added Synovus Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of -42% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Synovus Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $180,394.00 in company stock.
Percentage Held by Insiders
Only 0.81% of the stock of Synovus Financial is held by insiders.
Percentage Held by Institutions
83.85% of the stock of Synovus Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Synovus Financial are expected to grow by 15.83% in the coming year, from $3.79 to $4.39 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Synovus Financial is 12.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.47.
Price to Earnings Ratio vs. Sector
The P/E ratio of Synovus Financial is 12.54, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.29.
Price to Earnings Growth Ratio
Synovus Financial has a PEG Ratio of 4.09. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Synovus Financial has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Ad Wall Street Star

This Apple-like Innovator is Revolutionizing Healthcare

AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.

Click here to learn more about the booming eHealth industry

About Synovus Financial Stock (NYSE:SNV)

Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services. It operates through four segments: Community Banking, Wholesale Banking, Consumer Banking, and Financial Management Services. The company's commercial banking services include treasury and asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate lending services. Its consumer banking services comprise 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 and debit 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, trust management, and financial planning services, as well as provides individual investment advice on equity and other securities. The company was founded in 1888 and is headquartered in Columbus, Georgia.

SNV Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SNV Stock News Headlines

April 18, 2024 | marketbeat.com

Ally Financial, CSX rise; Equifax, Synovus Financial fall, Thursday, 4/18/2024

Stocks that are trading heavily or have substantial price changes on Thursday: Ally Financial, CSX rise; Equifax, Synovus Financial fall

April 24, 2024 | americanbankingnews.com

Synovus Financial Corp. (NYSE:SNV) to Post Q2 2024 Earnings of $0.95 Per Share, DA Davidson Forecasts

April 24, 2024 | GoldenCrest Metals (Ad)

Exposed: How Big Banks Plan to Chain Your Wealth with Digital Dollars

Big Banks have declared war on your wallet. But it's not too late to fight back. Discover how to protect your assets from their latest maneuver.

April 23, 2024 | americanbankingnews.com

Synovus Financial's (SNV) Equal Weight Rating Reaffirmed at Morgan Stanley

April 23, 2024 | americanbankingnews.com

Synovus Financial (NYSE:SNV) Given New $39.00 Price Target at Truist Financial

April 22, 2024 | americanbankingnews.com

JPMorgan Chase & Co. Cuts Synovus Financial (NYSE:SNV) Price Target to $48.00