DA Davidson Has Optimistic Outlook of SNV FY2025 Earnings

Synovus Financial Corp. (NYSE:SNV - Free Report) - Investment analysts at DA Davidson lifted their FY2025 earnings per share (EPS) estimates for shares of Synovus Financial in a report released on Monday, April 21st. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings per share of $5.07 for the year, up from their previous 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.

A number of other analysts have also issued reports on SNV. Stephens lowered their price target on Synovus Financial from $52.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Monday. Morgan Stanley dropped their target price on shares of Synovus Financial from $67.00 to $59.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Citigroup increased their target price on shares of Synovus Financial from $59.00 to $62.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Barclays dropped their price objective on shares of Synovus Financial from $66.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company decreased their target price on shares of Synovus Financial from $60.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $56.17.

Synovus Financial Stock Up 3.4 %

SNV stock opened at $41.48 on Wednesday. Synovus Financial has a 52 week low of $35.51 and a 52 week high of $59.92. The firm has a 50-day simple moving average of $46.13 and a 200-day simple moving average of $50.70. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $5.85 billion, a P/E ratio of 13.60, a P/E/G ratio of 1.11 and a beta of 1.16.

Synovus Financial (NYSE:SNV - Get Free Report) last posted its earnings results on Wednesday, April 16th. The bank reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.19. Synovus Financial had a return on equity of 14.70% and a net margin of 14.05%. The firm had revenue of $573.24 million for the quarter, compared to analysts' expectations of $572.35 million.

Institutional Trading of Synovus Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Colonial Trust Co SC lifted its holdings in Synovus Financial by 554.4% during the 4th quarter. Colonial Trust Co SC now owns 589 shares of the bank's stock worth $30,000 after buying an additional 499 shares in the last quarter. Keystone Financial Group Inc. acquired a new stake in shares of Synovus Financial in the fourth quarter valued at $37,000. Jones Financial Companies Lllp boosted its holdings in Synovus Financial by 72.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,095 shares of the bank's stock valued at $56,000 after purchasing an additional 461 shares during the period. V Square Quantitative Management LLC boosted its holdings in Synovus Financial by 69.3% in the fourth quarter. V Square Quantitative Management LLC now owns 1,138 shares of the bank's stock valued at $58,000 after purchasing an additional 466 shares during the period. Finally, Millstone Evans Group LLC acquired a new position in Synovus Financial during the 4th quarter worth $59,000. 83.85% of the stock is currently owned by hedge funds and other institutional investors.

Synovus Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 20th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.76%. This is a boost from Synovus Financial's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, March 20th. Synovus Financial's dividend payout ratio (DPR) is 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.

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