Synovus Financial Corp. (NYSE:SNV) is scheduled to release its Q316 earnings data on Tuesday, October 18th.

Earnings History for Synovus Financial Corp. (NYSE:SNV)

Synovus Financial Corp. (NYSE:SNV) opened at 32.02 on Monday. The company has a market cap of $3.94 billion, a PE ratio of 18.95 and a beta of 1.72. Synovus Financial Corp. has a 12-month low of $25.48 and a 12-month high of $33.80. The company’s 50-day moving average price is $32.63 and its 200-day moving average price is $30.97.

The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.50%. Synovus Financial Corp.’s dividend payout ratio (DPR) is currently 28.24%.

SNV has been the topic of a number of research analyst reports. Wells Fargo & Co. cut shares of Synovus Financial Corp. from a “market perform” rating to an “underperform” rating in a research report on Tuesday, August 23rd. Zacks Investment Research raised shares of Synovus Financial Corp. from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Tuesday, September 20th. Hovde Group upped their price target on shares of Synovus Financial Corp. from $34.00 to $35.50 and gave the company an “outperform” rating in a research report on Friday, August 19th. Credit Agricole SA upgraded shares of Synovus Financial Corp. from an “underperform” rating to an “outperform” rating and upped their price objective for the company from $30.00 to $33.00 in a report on Friday, September 23rd. Finally, Barclays PLC upped their price objective on shares of Synovus Financial Corp. from $29.00 to $31.00 and gave the company an “underweight” rating in a report on Wednesday, July 20th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.44.

Several large investors have recently bought and sold shares of SNV. BlackRock Investment Management LLC raised its stake in Synovus Financial Corp. by 1.1% in the second quarter. BlackRock Investment Management LLC now owns 371,572 shares of the company’s stock worth $10,772,000 after buying an additional 4,051 shares in the last quarter. BlackRock Inc. raised its stake in Synovus Financial Corp. by 106.4% in the second quarter. BlackRock Inc. now owns 117,352 shares of the company’s stock valued at $3,402,000 after buying an additional 60,500 shares during the period. BlackRock Fund Advisors raised its stake in Synovus Financial Corp. by 2.9% in the second quarter. BlackRock Fund Advisors now owns 4,535,783 shares of the company’s stock valued at $131,492,000 after buying an additional 128,807 shares during the period. BlackRock Group LTD raised its stake in Synovus Financial Corp. by 16.5% in the second quarter. BlackRock Group LTD now owns 143,248 shares of the company’s stock valued at $4,153,000 after buying an additional 20,321 shares during the period. Finally, Ameritas Investment Partners Inc. raised its stake in Synovus Financial Corp. by 3.7% in the second quarter. Ameritas Investment Partners Inc. now owns 19,844 shares of the company’s stock valued at $575,000 after buying an additional 714 shares during the period. Institutional investors own 76.83% of the company’s stock.

About Synovus Financial Corp.

Synovus Financial Corp. is a financial services and a bank holding company. The Company provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services to its customers through over 30 locally branded banking divisions of its subsidiary bank, Synovus Bank, and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee.

5 Day Chart for NYSE:SNV

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