Equities Analysts Set Expectations for SNV Q2 Earnings

Synovus Financial Corp. (NYSE:SNV - Free Report) - Research analysts at DA Davidson issued their Q2 2025 EPS estimates for shares of Synovus Financial in a research note 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.

SNV has been the topic of several other research reports. Wells Fargo & Company decreased 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 note on Wednesday, April 9th. Raymond James lowered Synovus Financial from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Stephens reduced their price objective on Synovus Financial from $52.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Monday. Royal Bank of Canada reduced their target price on shares of Synovus Financial from $64.00 to $52.00 and set an "outperform" rating on the stock in a report on Monday. 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 report 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $56.17.

Synovus Financial Price Performance

Shares of SNV stock traded down $0.33 during mid-day trading on Tuesday, hitting $42.99. The company had a trading volume of 971,381 shares, compared to its average volume of 1,417,355. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.88 and a quick ratio of 0.88. The stock's 50 day moving average price is $45.64 and its 200-day moving average price is $50.64. Synovus Financial has a 52-week low of $35.74 and a 52-week high of $59.92. The company has a market capitalization of $6.06 billion, a P/E ratio of 14.10, a P/E/G ratio of 1.11 and a beta of 1.16.

Synovus Financial (NYSE:SNV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The bank reported $1.30 EPS for the quarter, topping 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 company had revenue of $573.24 million for the quarter, compared to analysts' expectations of $572.35 million.

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 given a $0.39 dividend. This is a boost from Synovus Financial's previous quarterly dividend of $0.38. The ex-dividend date was Thursday, March 20th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.63%. Synovus Financial's dividend payout ratio (DPR) is presently 43.70%.

Institutional Investors Weigh In On Synovus Financial

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of Synovus Financial by 3.6% in the 4th quarter. FMR LLC now owns 12,041,625 shares of the bank's stock valued at $616,892,000 after purchasing an additional 415,201 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Synovus Financial by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,109,856 shares of the bank's stock valued at $261,778,000 after acquiring an additional 117,242 shares during the period. Silvercrest Asset Management Group LLC raised its stake in Synovus Financial by 2.3% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 2,370,521 shares of the bank's stock worth $121,442,000 after acquiring an additional 53,286 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Synovus Financial by 4.5% in the 4th quarter. First Trust Advisors LP now owns 1,827,247 shares of the bank's stock valued at $93,610,000 after acquiring an additional 77,876 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Synovus Financial during the 4th quarter valued at about $77,209,000. Institutional investors and hedge funds own 83.85% of the company's stock.

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.