Its Stock Has Paid Off Big Time For Synovus Financial Corp

With 0.8 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.39 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $55.325 whereas the lowest price it dropped to was $54.23. The 52-week range on SNV shows that it touched its highest point at $59.79 and its lowest point at $29.34 during that stretch. It currently has a 1-year price target of $57.56. With its current market cap of 7.80 billion, SNV has annualized dividend of $1.52 while the current yield stands at 2.76%. Beta for the stock currently stands at 1.39.

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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 down-trending over the past week, with a drop of -3.07%, but this was up by 12.10% over a month. Three-month performance surged to 25.32% while six-month performance rose 38.79%. The stock gained 79.54% in the past year, while it has gained 46.16% 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 1.13. This implies an EPS growth rate of 6.05% for this year and 5.63% 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 140.81 million shares on hand for trading. On 2024-10-31, short shares totaled 3.83 million, which was 270.0 higher than short shares on 1727654400. 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 0.87134004 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 67.0 and a low target of 51.0, the average target price over the next 12 months is 57.125. Based on these targets, SNV could surge 21.75% to reach the target high and fall by -7.32% to reach the target low. Reaching the average price target will result in a growth of 3.81% from current levels.

Analysts have provided yearly estimates in a range of $4.41851 being high and $4.30829 being low. For SNV, this leads to a yearly average estimate of $4.36841.