Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, Synovus Financial Corp.’s stock clocked out at $33.90, down -7.43% from its previous closing price of $36.62. In other words, the price has decreased by -$7.43 from its previous closing price. On the day, 5.76 million shares were traded. SNV stock price reached its highest trading level at $34.895 during the session, while it also had its lowest trading level at $33.62.
Ratios:
To gain a deeper understanding of SNV’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.48 whereas as Long-Term Debt/Eq ratio is at 0.40.
On March 08, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $42.
UBS Upgraded its Neutral to Buy on January 08, 2024, while the target price for the stock was maintained at $42.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 28 ’24 when Hurley Jill K sold 4,808 shares for $37.29 per share. The transaction valued at 179,298 led to the insider holds 5,137 shares of the business.
Bentsen Tim E sold 4,671 shares of SNV for $180,394 on Jan 24 ’24. The Director now owns 33,144 shares after completing the transaction at $38.62 per share. On Jan 23 ’24, another insider, Dierdorff Thomas T, who serves as the EVP, Corp. & Inv. Banking of the company, sold 2,045 shares for $38.23 each. As a result, the insider received 78,180 and left with 11,086 shares of the company.
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 4963570176 and an Enterprise Value of 5513395200. As of this moment, Synovus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.61, and their Forward P/E ratio for the next fiscal year is 7.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.43 while its Price-to-Book (P/B) ratio in mrq is 1.11. Its current Enterprise Value per Revenue stands at 2.847.
Stock Price History:
Over the past 52 weeks, SNV has reached a high of $40.92, while it has fallen to a 52-week low of $24.40. The 50-Day Moving Average of the stock is -10.39%, while the 200-Day Moving Average is calculated to be 1.49%.
Shares Statistics:
It appears that SNV traded 1.43M shares on average per day over the past three months and 1701230 shares per day over the past ten days. A total of 146.71M shares are outstanding, with a floating share count of 145.31M. Insiders hold about 0.76% of the company’s shares, while institutions hold 84.47% stake in the company. Shares short for SNV as of 1711584000 were 6161667 with a Short Ratio of 4.31, compared to 1709164800 on 7687773. Therefore, it implies a Short% of Shares Outstanding of 6161667 and a Short% of Float of 4.7199998.
Dividends & Splits
With its trailing 12-month dividend rate of 1.14, SNV has a forward annual dividend rate of 1.52. The stock’s 5-year Average Dividend Yield is 3.88.
Earnings Estimates
The dynamic stock of Synovus Financial Corp. (SNV) is currently attracting attention from iShares Silver Trust analysts actively involved in rating its market status.The consensus estimate for the next quarter is $261.76, with high estimates of $45.39 and low estimates of $121.67.
Analysts are recommending an EPS of between $Healthcare and $Basic Materials for the fiscal current year, implying an average EPS of $Industrials.
