Brokers Offer Predictions for SNV Q1 Earnings

Synovus Financial Corp. (NYSE:SNV) – DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for Synovus Financial in a research report issued on Monday, January 20th. DA Davidson analyst G. Tenner expects that the bank will post earnings per share of $1.06 for the quarter. DA Davidson currently has a “Buy” rating and a $60.00 target price on the stock. The consensus estimate for Synovus Financial’s current full-year earnings is $4.76 per share.

SNV has been the subject of several other reports. JPMorgan Chase & Co. lifted their price objective on Synovus Financial from $60.50 to $62.00 and gave the company an “overweight” rating in a report on Friday, January 17th. UBS Group began coverage on Synovus Financial in a report on Tuesday, December 17th. They issued a “buy” rating and a $76.00 price objective for the company. Citigroup lifted their price objective on Synovus Financial from $59.00 to $62.00 and gave the company a “buy” rating in a report on Friday, January 17th. Evercore ISI lifted their price target on Synovus Financial from $48.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Synovus Financial in a research note on Monday, December 9th. They issued a “buy” rating and a $64.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.44.

Synovus Financial Stock Performance

NYSE:SNV opened at $55.37 on Tuesday. The stock has a market cap of $7.84 billion, a P/E ratio of 18.15, a PEG ratio of 1.38 and a beta of 1.39. The stock has a 50 day simple moving average of $54.09 and a 200 day simple moving average of $48.62. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Synovus Financial has a 1-year low of $33.44 and a 1-year high of $59.92.

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

Institutional Investors Weigh In On Synovus Financial

Several institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its position in shares of Synovus Financial by 5.4% during the third quarter. FMR LLC now owns 11,626,424 shares of the bank’s stock worth $517,027,000 after acquiring an additional 598,644 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Synovus Financial by 12.8% in the third quarter. Wellington Management Group LLP now owns 9,674,226 shares of the bank’s stock worth $430,213,000 after buying an additional 1,095,557 shares in the last quarter. State Street Corp raised its position in shares of Synovus Financial by 3.2% in the third 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Synovus Financial by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,992,614 shares of the bank’s stock worth $222,022,000 after buying an additional 147,599 shares in the last quarter. Finally, Geode Capital Management LLC raised its position 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 in the last quarter. Hedge funds and other institutional investors own 83.85% of the company’s stock.

Synovus Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 19th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $1.52 annualized dividend and a dividend yield of 2.75%. Synovus Financial’s dividend payout ratio is currently 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.