Synovus Financial (NYSE:SNV) released its quarterly earnings results on Monday. The bank reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.26, MarketWatch Earnings reports. Synovus Financial had a net margin of 15.84% and a return on equity of 8.20%. During the same quarter in the previous year, the firm earned $0.97 EPS.
Shares of NYSE SNV traded down $1.55 during midday trading on Wednesday, hitting $36.28. The company’s stock had a trading volume of 1,563,497 shares, compared to its average volume of 1,032,214. The stock has a fifty day moving average price of $34.43 and a 200 day moving average price of $26.68. Synovus Financial has a one year low of $10.91 and a one year high of $39.05. The company has a current ratio of 0.92, a quick ratio of 0.90 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 1.56 and a beta of 1.66.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 4th. Stockholders of record on Thursday, December 17th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Wednesday, December 16th. Synovus Financial’s dividend payout ratio (DPR) is currently 33.85%.
About Synovus Financial
Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides various financial products and services. It operates through three segments: Community Banking, Wholesale Banking, and Financial Management Services. The company's commercial banking services include treasury management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans.
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