Weekly Research Analysts’ Ratings Updates for Synovus Financial (SNV)

Synovus Financial (NYSE: SNV) recently received a number of ratings updates from brokerages and research firms:

• 1/17/2025 – Synovus Financial had its price target raised by analysts at JPMorgan Chase & Co. from $60.50 to $62.00. They now have an “overweight” rating on the stock.
• 1/17/2025 – Synovus Financial had its price target raised by analysts at Citigroup Inc. from $59.00 to $62.00. They now have a “buy” rating on the stock.
• 1/16/2025 – Synovus Financial had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $58.00 price target on the stock.
• 1/7/2025 – Synovus Financial had its price target lowered by analysts at JPMorgan Chase & Co. from $63.00 to $60.50. They now have an “overweight” rating on the stock.
• 12/17/2024 – Synovus Financial is now covered by analysts at UBS Group AG. They set a “buy” rating and a $76.00 price target on the stock.
• 12/12/2024 – Synovus Financial had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $64.00 price target on the stock.
• 12/11/2024 – Synovus Financial had its price target raised by analysts at Piper Sandler from $56.00 to $64.00. They now have an “overweight” rating on the stock.
• 12/9/2024 – Synovus Financial is now covered by analysts at Deutsche Bank Aktiengesellschaft. They set a “buy” rating and a $64.00 price target on the stock.
• 12/3/2024 – Synovus Financial had its price target raised by analysts at Wells Fargo & Company from $51.00 to $55.00. They now have an “equal weight” rating on the stock.

Synovus Financial Price Performance

Shares of SNV stock traded down $0.11 during mid-day trading on Tuesday, reaching $55.07. The company’s stock had a trading volume of 115,497 shares, compared to its average volume of 1,400,288. Synovus Financial Corp. has a 1-year low of $33.44 and a 1-year high of $59.92. The company has a market cap of $7.80 billion, a P/E ratio of 18.06, a PEG ratio of 1.14 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 0.88. The firm’s 50-day moving average is $54.03 and its two-hundred day moving average is $49.03.

Synovus Financial (NYSE:SNV) last posted 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. The firm had revenue of $580.58 million during the quarter, compared to analysts’ expectations of $566.83 million. Synovus Financial had a net margin of 14.05% and a return on equity of 14.70%. The company’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.80 EPS. On average, research analysts predict that Synovus Financial Corp. will post 4.86 earnings per share for the current year.

Synovus Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 19th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend was Thursday, December 19th. Synovus Financial’s payout ratio is 49.84%.

Institutional Trading of Synovus Financial

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in shares of Synovus Financial by 6.5% in the third quarter. GAMMA Investing LLC now owns 3,754 shares of the bank’s stock valued at $167,000 after buying an additional 229 shares during the period. Montgomery Investment Management Inc. grew its position in shares of Synovus Financial by 0.6% during the 4th quarter. Montgomery Investment Management Inc. now owns 42,493 shares of the bank’s stock worth $2,177,000 after buying an additional 235 shares during the period. Dana Investment Advisors Inc. grew its position in shares of Synovus Financial by 0.7% during the 2nd quarter. Dana Investment Advisors Inc. now owns 35,759 shares of the bank’s stock worth $1,437,000 after buying an additional 254 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of Synovus Financial by 0.3% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 103,480 shares of the bank’s stock worth $5,301,000 after buying an additional 270 shares during the period. Finally, Wedmont Private Capital lifted its holdings in shares of Synovus Financial by 3.3% in the 4th quarter. Wedmont Private Capital now owns 9,401 shares of the bank’s stock worth $479,000 after purchasing an additional 299 shares in the last quarter. Institutional investors own 83.85% of the company’s stock.

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.