DA Davidson Reduces Earnings Estimates for Synovus Financial

Synovus Financial Corp. (NYSE:SNV) – DA Davidson lowered their Q1 2025 earnings estimates for Synovus Financial in a research note issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings per share of $1.05 for the quarter, down from their prior forecast of $1.06. The consensus estimate for Synovus Financial’s current full-year earnings is $4.89 per share. DA Davidson also issued estimates for Synovus Financial’s FY2026 earnings at $5.39 EPS.

Synovus Financial (NYSE:SNV) last announced its quarterly earnings data on Wednesday, January 15th. The bank reported $1.25 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $566.83 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. Synovus Financial’s quarterly revenue was up 18.8% on a year-over-year basis.

A number of other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Synovus Financial from $60.50 to $62.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Morgan Stanley lowered their price target on Synovus Financial from $67.00 to $59.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $64.00 price objective on shares of Synovus Financial in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft began coverage on Synovus Financial in a report on Monday, December 9th. They issued a “buy” rating and a $64.00 target price on the stock. Finally, Citigroup raised their price target on Synovus Financial from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $58.67.

Synovus Financial Stock Performance

NYSE:SNV opened at $38.21 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.37. Synovus Financial has a fifty-two week low of $33.44 and a fifty-two week high of $59.92. The firm’s fifty day simple moving average is $50.40 and its 200-day simple moving average is $51.04. The stock has a market cap of $5.39 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 1.11 and a beta of 1.16.

Institutional Investors Weigh In On Synovus Financial

Several hedge funds have recently made changes to their positions in the business. Proficio Capital Partners LLC purchased a new position in Synovus Financial during the fourth quarter worth about $3,798,000. Nordea Investment Management AB increased its stake in shares of Synovus Financial by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 276,863 shares of the bank’s stock valued at $14,261,000 after acquiring an additional 10,109 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Synovus Financial by 25.1% during the 3rd quarter. Quantinno Capital Management LP now owns 49,099 shares of the bank’s stock worth $2,183,000 after acquiring an additional 9,852 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Synovus Financial during the 4th quarter worth about $1,504,000. Finally, SG Americas Securities LLC boosted its position in shares of Synovus Financial by 11.0% in the fourth quarter. SG Americas Securities LLC now owns 12,547 shares of the bank’s stock worth $643,000 after acquiring an additional 1,240 shares during the last quarter. Institutional investors and hedge funds own 83.85% of the company’s stock.

Synovus Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 20th were issued a $0.39 dividend. The ex-dividend date was Thursday, March 20th. This is an increase from Synovus Financial’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 4.08%. Synovus Financial’s payout ratio is 51.15%.

About Synovus Financial

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.