Q1 Earnings Estimate for SNV Issued By DA Davidson

Synovus Financial Corp. (NYSE:SNVFree Report) – Analysts at DA Davidson issued their Q1 2025 earnings per share estimates for Synovus Financial in a report released on Monday, January 20th. DA Davidson analyst G. Tenner expects that the bank will post earnings per share of $1.06 for the quarter. DA Davidson has a “Buy” rating and a $60.00 price objective on the stock. The consensus estimate for Synovus Financial’s current full-year earnings is $4.76 per share.

Other equities analysts have also recently issued reports about the company. UBS Group initiated coverage on Synovus Financial in a report on Tuesday, December 17th. They issued a “buy” rating and a $76.00 target price on the stock. StockNews.com raised Synovus Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Piper Sandler boosted their price objective on Synovus Financial from $56.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Wells Fargo & Company increased their target price on shares of Synovus Financial from $51.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Finally, Truist Financial lifted their price target on shares of Synovus Financial from $52.00 to $57.00 and gave the company a “buy” rating in a report on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Synovus Financial has a consensus rating of “Moderate Buy” and an average target price of $58.44.

Get Our Latest Research Report on SNV

Synovus Financial Stock Up 0.7 %

SNV opened at $54.60 on Tuesday. The firm’s 50 day simple moving average is $54.15 and its two-hundred day simple moving average is $48.51. The company has a market capitalization of $7.73 billion, a PE ratio of 17.90, a PEG ratio of 1.38 and a beta of 1.39. Synovus Financial has a 1-year low of $33.44 and a 1-year high of $59.92. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37.

Synovus Financial (NYSE:SNVGet Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The bank reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. The company had revenue of $580.58 million for the quarter, compared to the consensus estimate of $566.83 million. Synovus Financial had a net margin of 14.05% and a return on equity of 14.70%. The firm’s revenue was up 18.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 earnings per share.

Institutional Investors Weigh In On Synovus Financial

A number of hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in Synovus Financial during the third quarter valued at $30,000. UMB Bank n.a. raised its position in shares of Synovus Financial by 87.2% during the 3rd quarter. UMB Bank n.a. now owns 747 shares of the bank’s stock valued at $33,000 after buying an additional 348 shares in the last quarter. Quarry LP bought a new position in shares of Synovus Financial in the 3rd quarter valued at about $41,000. Brooklyn Investment Group purchased a new position in Synovus Financial in the third quarter worth about $56,000. Finally, Farther Finance Advisors LLC increased its stake in Synovus Financial by 474.9% during the third quarter. Farther Finance Advisors LLC now owns 1,466 shares of the bank’s stock worth $65,000 after acquiring an additional 1,211 shares during the last quarter. 83.85% of the stock is currently owned by hedge funds and other institutional investors.

Synovus Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 19th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $1.52 annualized dividend and a dividend yield of 2.78%. Synovus Financial’s dividend payout ratio (DPR) is 49.84%.

About Synovus Financial

(Get Free Report)

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.

Further Reading

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