A share price of Synovus Financial Corp. [SNV] is currently trading at $39.97, up 4.22%. An important factor to consider is whether the stock is rising or falling in short-term value. The SNV shares have gain 6.42% over the last week, with a monthly amount glided 10.11%, and seem to be holding up well over a long-time horizon.
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On 5, March 2024, Synovus Names Chief Third-Party Payments Officer, Maast CEO. In a post published today on Yahoo Finance, Synovus Bank has named Jonathan O’Connor as its chief third-party payments officer and CEO of Maast, effective Feb. 29, 2024.
From an analyst’s perspective:
Synovus Financial Corp. [NYSE: SNV] stock has seen the most recent analyst activity on January 08, 2024, when UBS upgraded its rating to a Buy but kept the price target unchanged to $42 for it. Previously, Evercore ISI downgraded its rating to In-line on January 03, 2024, and kept the price target unchanged to $40. On December 19, 2023, Stephens initiated with a Equal-Weight rating and assigned a price target of $40 on the stock. Janney upgraded its rating to a Buy but stick to its price target of $38 on April 24, 2023. UBS initiated its recommendation with a Neutral and recommended $33 as its price target on March 15, 2023. Morgan Stanley started tracking with a Equal-Weight rating for this stock on December 05, 2022, and assigned it a price target of $44. In a note dated December 15, 2021, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $53 to $56.
Synovus Financial Corp. experienced fluctuations in its stock price throughout the past year between $24.40 and $41.69. Currently, Wall Street analysts expect the stock to reach $61 within the next 12 months. Synovus Financial Corp. [NYSE: SNV] shares were valued at $39.97 at the most recent close of the market. An investor can expect a potential return of 52.61% based on the average SNV price forecast.
Analyzing the SNV fundamentals
Trailing Twelve Months sales for Synovus Financial Corp. [NYSE:SNV] were 3.40B which represents 10.65% growth. Gross Profit Margin for this corporation currently stands at 0.88% with Operating Profit Margin at 0.42%, Pretax Profit Margin comes in at 0.34%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.11 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.38.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 38.67 points at the first support level, and at 37.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.78, and for the 2nd resistance point, it is at 41.60.
Synovus Financial Corp. [SNV] reported earnings per share of $1.06 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.9/share, meaning a difference of $0.16 and a surprise factor of 17.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.84 per share as compared to estimates of $0.86 per share, a difference of -$0.02 representing a surprise of -2.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Synovus Financial Corp. [NYSE:SNV] is 0.24. Considering the valuation of this stock, the price to sales ratio is 1.72, the price to book ratio is 1.28 and price to earnings (TTM) ratio is 11.55.
Transactions by insiders
Recent insider trading involved Hurley Jill K, Chief Accounting Officer, that happened on Feb 28 when 4808.0 shares were sold. Director, Bentsen Tim E completed a deal on Jan 24 to sell 4671.0 shares. Meanwhile, EVP, Corp. & Inv. Banking Dierdorff Thomas T sold 2045.0 shares on Jan 23.
