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Synovus Financial Corp (NYSE: SNV) closed the day trading at $56.00 down -1.18% from the previous closing price of $56.67. In other words, the price has decreased by -$1.18 from its previous closing price. On the day, 1.13 million shares were traded. SNV stock price reached its highest trading level at $57.25 during the session, while it also had its lowest trading level at $55.53.
Ratios:
For a better understanding of SNV, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.38.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on October 10, 2024, initiated with a Buy rating and assigned the stock a target price of $53.
On October 01, 2024, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $48 to $46.
Raymond James Upgraded its Mkt Perform to Outperform on September 17, 2024, while the target price for the stock was maintained at $49.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 27 ’24 when Howard Kevin Joseph bought 7,500 shares for $58.00 per share. The transaction valued at 435,000 led to the insider holds 53,990 shares of the business.
Howard Kevin Joseph sold 15,750 shares of SNV for $913,815 on Nov 27 ’24. The EVP, Chief Wholesale Bank. Off now owns 46,490 shares after completing the transaction at $58.02 per share. On Nov 27 ’24, another insider, Howard Kevin Joseph, who serves as the Officer of the company, bought 15,750 shares for $58.02 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SNV now has a Market Capitalization of 7933239296 and an Enterprise Value of 8895427584. As of this moment, Synovus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.36, and their Forward P/E ratio for the next fiscal year is 12.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.37 while its Price-to-Book (P/B) ratio in mrq is 1.65. Its current Enterprise Value per Revenue stands at 5.081.
Stock Price History:
Over the past 52 weeks, SNV has reached a high of $59.92, while it has fallen to a 52-week low of $32.53. The 50-Day Moving Average of the stock is 10.80%, while the 200-Day Moving Average is calculated to be 30.67%.
Shares Statistics:
Over the past 3-months, SNV traded about 1.40M shares per day on average, while over the past 10 days, SNV traded about 934220 shares per day. A total of 142.00M shares are outstanding, with a floating share count of 140.81M. Insiders hold about 0.61% of the company’s shares, while institutions hold 85.92% stake in the company. Shares short for SNV as of 1731628800 were 3507112 with a Short Ratio of 2.50, compared to 1728950400 on 4923442. Therefore, it implies a Short% of Shares Outstanding of 3507112 and a Short% of Float of 2.79.
Dividends & Splits
SNV’s forward annual dividend rate is 1.52, up from 1.52 a year ago. Against a Trailing Annual Dividend Yield of 0.026821952The stock’s 5-year Average Dividend Yield is 3.92.
