2 weeks Ago By ABMN Staff
Synovus Financial Corp. ( NYSE:SNV – Free Report ) – Analysts at DA Davidson boosted their FY2025 EPS estimates for Synovus Financial in a research note issued to investors on Monday, April 21st. DA Davidson analyst G.
Tenner now anticipates that the bank will earn $5.07 per share for the year, up from their previous forecast of $4.76.
DA Davidson currently has a “Buy” rating and a $60.00 target price on the stock. 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 $5.48 EPS.
Synovus Financial ( NYSE:SNV – Get Free Report ) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $1.30 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $572.35 million. View Our Latest Stock Analysis on SNV Synovus Financial Stock Up 1.
9 % NYSE SNV opened at $43.27 on Wednesday. The company has a quick ratio of 0.
88, a current ratio of 0.88 and a debt-to-equity ratio of 0.37.
Synovus Financial has a fifty-two week low of $35.74 and a fifty-two week high of $59.92.
The business has a 50 day moving average price of $45.64 and a two-hundred day moving average price of $50.64.
The stock has a market cap of $6.10 billion, a PE ratio of 14.19, a P/E/G ratio of 1.
11 and a beta of 1.16. Synovus Financial Increases Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st.
Shareholders of record on Thursday, March 20th were paid a dividend of $0.39 per share. This is an increase from Synovus Financial’s previous quarterly dividend of $0.
38. This represents a $1.56 annualized dividend and a yield of 3.
61%. The ex-dividend date was Thursday, March 20th. Synovus Financial’s payout ratio is 43.
70%. Institutional Trading of Synovus Financial Several hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC lifted its stake in Synovus Financial by 3.
6% in the 4th quarter. FMR LLC now owns 12,041,625 shares of the bank’s stock worth $616,892,000 after acquiring an additional 415,201 shares in the last quarter. Charles Schwab Investment Management Inc.
grew its position in Synovus Financial by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 5,109,856 shares of the bank’s stock valued at $261,778,000 after purchasing an additional 117,242 shares in the last quarter. Silvercrest Asset Management Group LLC increased 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 valued at $121,442,000 after buying an additional 53,286 shares during the period. First Trust Advisors LP lifted its position in Synovus Financial by 4.5% in the 4th quarter.
First Trust Advisors LP now owns 1,827,247 shares of the bank’s stock worth $93,610,000 after buying an additional 77,876 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Synovus Financial during the 4th quarter valued at $77,209,000. Institutional investors and hedge funds own 83.
85% of the company’s stock. 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. Featured Articles Receive News & Ratings for Synovus Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synovus Financial and related companies with MarketBeat.
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