Brokers Set Expectations for SNV Q1 Earnings

Synovus Financial Corp. (NYSE:SNV) – Analysts at DA Davidson issued their Q1 2025 EPS estimates for Synovus Financial in a research report issued to clients and investors on Monday, January 20th. DA Davidson analyst G. Tenner forecasts that the bank will post earnings per share of $1.06 for the quarter. DA Davidson has a “Buy” rating and a $60.00 price objective on the stock. The consensus estimate for Synovus Financial’s current full-year earnings is $4.78 per share.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group lifted their target price on Synovus Financial from $52.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Evercore ISI upped their target price on Synovus Financial from $48.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on shares of Synovus Financial from $60.50 to $62.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Barclays upped their target price on Synovus Financial from $56.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Citigroup boosted their price target on Synovus Financial from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.44.

Synovus Financial Stock Down 0.3 %

Synovus Financial stock opened at $55.18 on Tuesday. Synovus Financial has a 1-year low of $33.44 and a 1-year high of $59.92. The company has a market cap of $7.82 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 1.15 and a beta of 1.39. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $54.06 and a 200 day simple moving average of $48.67.

Synovus Financial (NYSE:SNV) last posted its earnings results on Wednesday, January 15th. The bank reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. Synovus Financial had a return on equity of 14.70% and a net margin of 14.05%. The firm had revenue of $580.58 million during the quarter, compared to analysts’ expectations of $566.83 million. During the same period in the previous year, the firm earned $0.80 earnings per share. The company’s revenue was up 18.8% on a year-over-year basis.

Hedge Funds Weigh In On Synovus Financial

A number of large investors have recently added to or reduced their stakes in the business. FMR LLC increased its holdings in Synovus Financial by 5.4% during the 3rd quarter. FMR LLC now owns 11,626,424 shares of the bank’s stock valued at $517,027,000 after purchasing an additional 598,644 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Synovus Financial by 12.8% during the third quarter. Wellington Management Group LLP now owns 9,674,226 shares of the bank’s stock valued at $430,213,000 after purchasing an additional 1,095,557 shares in the last quarter. State Street Corp boosted its stake in shares of Synovus Financial by 3.2% in the 3rd quarter. State Street Corp now owns 6,561,056 shares of the bank’s stock worth $294,255,000 after buying an additional 201,362 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Synovus Financial by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,992,614 shares of the bank’s stock valued at $222,022,000 after buying an additional 147,599 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Synovus Financial by 0.9% in the third quarter. Geode Capital Management LLC now owns 2,419,737 shares of the bank’s stock worth $107,633,000 after buying an additional 22,549 shares during the period. Hedge funds and other institutional investors own 83.85% of the company’s stock.

Synovus Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 19th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, December 19th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.75%. Synovus Financial’s dividend payout ratio is 49.84%.

Synovus Financial Company Profile

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.