Q1 EPS Forecast for Synovus Financial Reduced by Analyst

Synovus Financial Corp. (NYSE:SNV - Free Report) - Research analysts at DA Davidson lowered their Q1 2025 earnings per share (EPS) estimates for shares of Synovus Financial in a note issued to investors on Wednesday, April 2nd. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings per share of $1.05 for the quarter, down from their prior forecast of $1.06. 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 $5.39 EPS.

Synovus Financial (NYSE:SNV - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The bank reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.09. Synovus Financial had a return on equity of 14.70% and a net margin of 14.05%. The firm had revenue of $580.58 million during the quarter, compared to analyst estimates of $566.83 million. During the same period in the previous year, the company earned $0.80 earnings per share. Synovus Financial's quarterly revenue was up 18.8% on a year-over-year basis.

SNV has been the topic of several other research reports. Citigroup raised their price target on Synovus Financial from $59.00 to $62.00 and gave the stock a "buy" rating in a report on Friday, January 17th. Piper Sandler upped their price target on shares of Synovus Financial from $56.00 to $64.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Royal Bank of Canada reiterated an "outperform" rating and issued a $64.00 price objective on shares of Synovus Financial in a research report on Thursday, December 12th. UBS Group started coverage on shares of Synovus Financial in a research note on Tuesday, December 17th. They issued a "buy" rating and a $76.00 price target on the stock. Finally, Stephens reiterated an "equal weight" rating and set a $58.00 price objective on shares of Synovus Financial in a research report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Synovus Financial presently has an average rating of "Moderate Buy" and an average price target of $58.67.

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Synovus Financial Stock Performance

Shares of NYSE SNV traded up $0.17 during midday trading on Thursday, hitting $38.93. The company's stock had a trading volume of 513,514 shares, compared to its average volume of 1,555,161. The firm has a market cap of $5.49 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.11 and a beta of 1.16. Synovus Financial has a 1-year low of $33.44 and a 1-year high of $59.92. The firm's fifty day moving average price is $50.07 and its 200-day moving average price is $51.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 0.88.

Institutional Trading of Synovus Financial

A number of hedge funds have recently modified their holdings of the business. Cerity Partners LLC lifted its stake in Synovus Financial by 138.4% in the 3rd quarter. Cerity Partners LLC now owns 14,728 shares of the bank's stock worth $655,000 after acquiring an additional 8,549 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Synovus Financial by 980.8% in the third quarter. BNP Paribas Financial Markets now owns 58,558 shares of the bank's stock worth $2,604,000 after purchasing an additional 53,140 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Synovus Financial by 2.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,509 shares of the bank's stock worth $1,312,000 after purchasing an additional 712 shares during the period. Rockefeller Capital Management L.P. grew its position in Synovus Financial by 7.5% during the third quarter. Rockefeller Capital Management L.P. now owns 14,017 shares of the bank's stock valued at $623,000 after purchasing an additional 978 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in Synovus Financial in the 3rd quarter valued at approximately $294,000. Hedge funds and other institutional investors own 83.85% of the company's stock.

Synovus Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 20th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.01%. This is a boost from Synovus Financial's previous quarterly dividend of $0.38. The ex-dividend date was Thursday, March 20th. Synovus Financial's payout ratio is presently 51.15%.

About Synovus Financial

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.