Synovus Financial (SNV) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $54.81 to $56.43
• 50-Day Range: $42.49 to $58.72
• 52-Week Range: $29.34 to $59.79
• Volume: 1.04 million shs
• Average Volume: 1.50 million shs
• Market Capitalization: $7.89 billion
• P/E Ratio: 25.21
• Dividend Yield: 2.73%
• Price Target: $52.71
• Consensus Rating: Moderate Buy

Synovus Financial Stock Analysis - MarketRank™

Synovus Financial scored higher than 94% of companies evaluated by MarketBeat, and ranked 90th out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Synovus Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.65, and is based on 11 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Synovus Financial has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.11%

Earnings Growth

Earnings for Synovus Financial are expected to grow by 7.11% in the coming year, from $4.36 to $4.67 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Synovus Financial is 25.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.85.

Price to Earnings Ratio vs. Sector

The P/E ratio of Synovus Financial is 25.21, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 28.47.

Price to Earnings Growth Ratio

Synovus Financial has a PEG Ratio of 2.01. 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 1.63. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.72% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Synovus Financial has recently decreased by 22.15%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Synovus Financial pays a meaningful dividend of 2.73%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Synovus Financial does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Synovus Financial is 68.78%. 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 32.55% next year. This indicates that Synovus Financial will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.6 / 5
• Environmental Score: -0.71

Percentage of Shares Shorted

2.72% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Synovus Financial has recently decreased by 22.15%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.13

News Sentiment

Synovus Financial has a news sentiment score of 1.13. 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 higher news sentiment than the 0.67 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 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 1 people have added Synovus Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Synovus Financial insiders have not sold or bought any 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.

SNV Stock Analysis - Frequently Asked Questions

How have SNV shares performed this year?

Synovus Financial's stock was trading at $37.65 at the beginning of the year. Since then, SNV shares have increased by 48.0% and is now trading at $55.72.
View the best growth stocks for 2024 here.

How were Synovus Financial's earnings last quarter?

Synovus Financial Corp. (NYSE:SNV) released its earnings results on Wednesday, October, 16th. The bank reported $1.23 EPS for the quarter, beating the consensus estimate of $1.09 by $0.14. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year.

Does Synovus Financial have any subsidiaries?

Synovus Financial subsidiaries include Florida Community Bank.

Who are Synovus Financial's major shareholders?

Top institutional investors of Synovus Financial include FMR LLC (8.21%), Wellington Management Group LLP (6.83%), State Street Corp (4.63%) and Charles Schwab Investment Management Inc. (3.52%). Insiders that own company stock include Kevin S Blair, Allan E Kamensky, D Wayne Akins Jr, Tim E Bentsen, Daniel Zachary Bishop, Joseph J Prochaska Jr, Andrew J Jr Gregory, Thomas T Dierdorff, Kessel D Stelling and Mark G Holladay.
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.

What other stocks do shareholders of Synovus Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Synovus Financial investors own include Bristol-Myers Squibb (BMY), Chevron (CVX), McKesson (MCK), Comcast (CMCSA), Charles Schwab (SCHW), Edwards Lifesciences (EW) and Toronto-Dominion Bank (TD).

Company Calendar

• Ex-Dividend for 10/1 Dividend: 9/19/2024
• Dividend Payable: 10/01/2024
• Last Earnings: 10/16/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/15/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NYSE:SNV
• CUSIP: 87161C10
• CIK: 18349
• Web: www.synovus.com
• Phone: (706) 641-6500
• Fax: 706-641-6555
• Employees: 4,879
• Year Founded: 1888

Price Target and Rating

• Average Stock Price Target: $52.71
• High Stock Price Target: $64.00
• Low Stock Price Target: $41.00
• Potential Upside/Downside: -5.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.65
• Research Coverage: 17 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.21
• Trailing P/E Ratio: 25.21
• Forward P/E Ratio: 12.78
• P/E Growth: 2.01
• Net Income: $543.71 million
• Net Margins: 10.82%
• Pretax Margin: 13.65%
• Return on Equity: 13.43%
• Return on Assets: 1.04%

Debt

• Debt-to-Equity Ratio: 0.42
• Current Ratio: 0.89
• Quick Ratio: 0.88

Sales & Book Value

• Annual Sales: $3.45 billion
• Price / Sales: 2.29
• Cash Flow: $5.02 per share
• Price / Cash Flow: 11.10
• Book Value: $34.17 per share
• Price / Book: 1.63

Miscellaneous

• Outstanding Shares: 141,660,000
• Free Float: 140,518,000
• Market Cap: $7.89 billion
• Optionable: Optionable
• Beta: 1.37