Synovus Financial (NYSE:SNV) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect Synovus Financial to post earnings of $0.90 per share for the quarter.
NYSE SNV opened at $36.06 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 9.91, a P/E/G ratio of 1.15 and a beta of 1.24. Synovus Financial has a 52-week low of $29.93 and a 52-week high of $57.40.
The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Thursday, March 21st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.33%. This is a positive change from Synovus Financial’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, March 20th. Synovus Financial’s dividend payout ratio (DPR) is currently 32.97%.
Several analysts have issued reports on the stock. Raymond James restated a “buy” rating and issued a $44.00 price target on shares of Synovus Financial in a research report on Thursday, February 21st. TheStreet upgraded shares of Synovus Financial from a “c+” rating to a “b-” rating in a research report on Thursday, February 28th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $49.00 price target on shares of Synovus Financial in a research report on Sunday, February 24th. Bank of America restated a “buy” rating and issued a $48.00 price target (up from $40.00) on shares of Synovus Financial in a research report on Tuesday, March 12th. Finally, Piper Jaffray Companies upgraded shares of Synovus Financial from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $44.00 to $45.00 in a research report on Tuesday, January 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $45.98.
Synovus Financial Company Profile
Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides various financial products and services. It offers integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services. The company's commercial banking services comprise treasury management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans.
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