Perhaps timely catching Synovus Financial Corp (SNV) would be a good idea

With 5.27 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.31 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $58.66 whereas the lowest price it dropped to was $51.97. The 52-week range on SNV shows that it touched its highest point at $51.69 and its lowest point at $26.76 during that stretch. It currently has a 1-year price target of $55.41. With its current market cap of 8.28 billion, SNV has annualized dividend of $1.52 while the current yield stands at 2.60%. Beta for the stock currently stands at 1.38.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SNV was up-trending over the past week, with a rise of 15.81%, but this was up by 35.82% over a month. Three-month performance surged to 40.79% while six-month performance rose 49.46%. The stock gained 107.34% in the past year, while it has gained 55.30% so far this year. A look at the trailing 12-month EPS for SNV yields 2.21 with Next year EPS estimates of 4.61. For the next quarter, that number is 1.14. This implies an EPS growth rate of 6.04% for this year and 5.54% for next year. EPS is expected to grow by 6.17% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.04%.

Float and Shares Shorts:

At present, 146.71 million SNV shares are outstanding with a float of 143.11 million shares on hand for trading. On 2024-10-15, short shares totaled 4.92 million, which was 347.0 higher than short shares on 1726185600. In addition to Mr. Kevin S. Blair as the firm’s CEO, President & Chairman, Mr. Andrew Jamie Gregory Jr. serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 0.88367 of SNV’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SNV since 9 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SNV analysts setting a high price target of 60.0 and a low target of 48.0, the average target price over the next 12 months is 55.06. Based on these targets, SNV could surge 2.62% to reach the target high and fall by -17.91% to reach the target low. Reaching the average price target will result in a decline of -5.83% from current levels.

Analysts have provided yearly estimates in a range of $4.43915 being high and $4.2781 being low. For SNV, this leads to a yearly average estimate of $4.36869. The surprise factor in the prior quarter was $0.86. Based on analyst estimates, the high estimate for the next quarter is $1.16 and the low estimate is $0.89. The average estimate for the next quarter is thus $1.05.