Synovus Financial Corp. (NYSE:SNV) has earned a consensus recommendation of “Hold” from the ten research firms that are covering the company. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $32.50.

Several analysts have commented on SNV shares. Wells Fargo & Co. cut shares of Synovus Financial Corp. from a “market perform” rating to an “underperform” rating in a research note on Tuesday, August 23rd. Zacks Investment Research upgraded shares of Synovus Financial Corp. from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Tuesday, September 20th. Hovde Group boosted their target price on shares of Synovus Financial Corp. from $34.00 to $35.50 and gave the company an “outperform” rating in a research note on Friday, August 19th. Credit Agricole SA upgraded shares of Synovus Financial Corp. from an “underperform” rating to an “outperform” rating and boosted their target price for the company from $30.00 to $33.00 in a research note on Friday, September 23rd. Finally, Barclays PLC boosted their target price on shares of Synovus Financial Corp. from $29.00 to $31.00 and gave the company an “underweight” rating in a research note on Wednesday, July 20th.

In related news, VP Mark G. Holladay sold 6,035 shares of the business’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $33.28, for a total value of $200,844.80. Following the completion of the sale, the vice president now owns 53,967 shares of the company’s stock, valued at approximately $1,796,021.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Curtis J. Perry sold 8,000 shares of the business’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $33.66, for a total transaction of $269,280.00. Following the completion of the sale, the executive vice president now directly owns 57,125 shares of the company’s stock, valued at approximately $1,922,827.50. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the company. Signature Estate & Investment Advisors LLC acquired a new stake in Synovus Financial Corp. during the second quarter worth about $151,000. Parametrica Management Ltd acquired a new stake in Synovus Financial Corp. during the second quarter worth about $200,000. First Allied Advisory Services Inc. acquired a new stake in Synovus Financial Corp. during the second quarter worth about $208,000. LS Investment Advisors LLC raised its stake in Synovus Financial Corp. by 71.7% in the second quarter. LS Investment Advisors LLC now owns 7,544 shares of the company’s stock worth $219,000 after buying an additional 3,151 shares during the last quarter. Finally, First Mercantile Trust Co. acquired a new stake in Synovus Financial Corp. during the third quarter worth about $250,000. 76.90% of the stock is owned by institutional investors.

Synovus Financial Corp. (NYSE:SNV) opened at 37.39 on Thursday. Synovus Financial Corp. has a 52-week low of $25.48 and a 52-week high of $37.47. The firm’s 50-day moving average is $33.01 and its 200 day moving average is $31.51. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 21.02 and a beta of 1.31.

Synovus Financial Corp. (NYSE:SNV) last announced its quarterly earnings data on Tuesday, October 18th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. Synovus Financial Corp. had a net margin of 18.68% and a return on equity of 8.68%. During the same quarter in the previous year, the business posted $0.42 earnings per share. On average, equities research analysts predict that Synovus Financial Corp. will post $1.89 EPS for the current fiscal year.

Synovus Financial Corp. Company Profile

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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