FY2025 EPS Estimate for Synovus Financial Boosted by Analyst

Synovus Financial Corp. (NYSE:SNV) – Analysts at DA Davidson increased their FY2025 earnings per share estimates for Synovus Financial in a research note issued on Monday, April 21st. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings of $5.07 per share for the year, up from their prior estimate of $4.76. DA Davidson has a “Buy” rating and a $60.00 price objective on the stock. The consensus estimate for Synovus Financial’s current full-year earnings is $4.89 per share. DA Davidson also issued estimates for Synovus Financial’s FY2026 earnings at $5.48 EPS.

Several other equities research analysts also recently issued reports on SNV. Citigroup lifted their price target on shares of Synovus Financial from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Stephens reduced their price target on Synovus Financial from $52.00 to $46.00 and set an “equal weight” rating for the company in a report on Monday. Raymond James lowered Synovus Financial from an “outperform” rating to a “market perform” rating in a research 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 for the company in a research note on Wednesday, April 9th. Finally, Morgan Stanley reduced their price objective on shares of Synovus Financial from $67.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.17.

Synovus Financial Stock Performance

Shares of NYSE:SNV opened at $42.45 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 0.88. Synovus Financial has a one year low of $35.74 and a one year high of $59.92. The business’s 50-day simple moving average is $45.87 and its 200 day simple moving average is $50.64. The company has a market cap of $5.98 billion, a P/E ratio of 13.92, a PEG ratio of 1.11 and a beta of 1.16.

Synovus Financial (NYSE:SNV) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $1.30 earnings per share (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 during the quarter, compared to analyst estimates of $572.35 million.

Institutional Investors Weigh In On Synovus Financial

Large investors have recently modified their holdings of the stock. Colonial Trust Co SC grew its stake in Synovus Financial by 554.4% during the 4th quarter. Colonial Trust Co SC now owns 589 shares of the bank’s stock valued at $30,000 after acquiring an additional 499 shares in the last quarter. Keystone Financial Group Inc. acquired a new position in shares of Synovus Financial in the fourth quarter worth $37,000. Jones Financial Companies Lllp raised its holdings in shares of Synovus Financial by 72.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,095 shares of the bank’s stock worth $56,000 after acquiring an additional 461 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of Synovus Financial by 69.3% during the 4th quarter. V Square Quantitative Management LLC now owns 1,138 shares of the bank’s stock worth $58,000 after purchasing an additional 466 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of Synovus Financial during the 4th quarter valued at about $59,000. 83.85% of the stock is owned by institutional investors.

Synovus Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 20th were paid a $0.39 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.56 annualized dividend and a dividend yield of 3.68%. This is a boost from Synovus Financial’s previous quarterly dividend of $0.38. Synovus Financial’s payout ratio is currently 43.70%.

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.