Brokers Offer Predictions for SNV Q2 Earnings

Synovus Financial Corp. (NYSE:SNV) – Research analysts at DA Davidson issued their Q2 2025 earnings per share (EPS) estimates for shares of Synovus Financial in a report issued on Monday, April 21st. DA Davidson analyst G. Tenner expects that the bank will post earnings of $1.21 per share for the quarter. DA Davidson currently has a “Buy” rating and a $60.00 price target on the stock. The consensus estimate for Synovus Financial’s current full-year earnings is $4.89 per share.

Other research analysts have also issued research reports about the company. Raymond James lowered Synovus Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. Wells Fargo & Company dropped their price target on shares of Synovus Financial from $60.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. decreased their price objective on shares of Synovus Financial from $54.00 to $50.00 and set an “overweight” rating for the company in a report on Monday. Citigroup raised their target price on shares of Synovus Financial from $59.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Finally, Stephens cut their target price on shares of Synovus Financial from $52.00 to $46.00 and set an “equal weight” rating for the company in a research report on Monday. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.17.

Synovus Financial Price Performance

NYSE SNV opened at $41.48 on Tuesday. Synovus Financial has a fifty-two week low of $35.51 and a fifty-two week high of $59.92. The stock’s 50-day moving average is $46.13 and its two-hundred day moving average is $50.70. The firm has a market cap of $5.85 billion, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 1.11 and a beta of 1.16. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.88 and a quick ratio of 0.88.

Synovus Financial (NYSE:SNV) last announced its quarterly earnings results on Wednesday, April 16th. The bank reported $1.30 EPS for the quarter, topping the consensus estimate of $1.11 by $0.19. Synovus Financial had a net margin of 14.05% and a return on equity of 14.70%. The company had revenue of $573.24 million for the quarter, compared to analyst estimates of $572.35 million.

Synovus Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 20th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend was Thursday, March 20th. This is a positive change from Synovus Financial’s previous quarterly dividend of $0.38. Synovus Financial’s payout ratio is 43.70%.

Hedge Funds Weigh In On Synovus Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in SNV. Envestnet Portfolio Solutions Inc. bought a new position in Synovus Financial during the first quarter worth about $251,000. State of Alaska Department of Revenue grew its position in Synovus Financial by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 16,535 shares of the bank’s stock valued at $772,000 after acquiring an additional 382 shares during the period. Inscription Capital LLC acquired a new position in Synovus Financial during the first quarter worth $888,000. Janney Montgomery Scott LLC lifted its holdings in shares of Synovus Financial by 0.5% during the first quarter. Janney Montgomery Scott LLC now owns 51,606 shares of the bank’s stock valued at $2,412,000 after acquiring an additional 249 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Synovus Financial by 122.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 60,405 shares of the bank’s stock valued at $2,823,000 after purchasing an additional 33,294 shares in the last quarter. 83.85% of the stock is owned by institutional investors.

Synovus Financial Company Profile

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.