Stock Surge: Synovus Financial Corp. (SNV) Closes at 40.69, Marking a 2.03 Increase/Decrease

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In the latest session, Synovus Financial Corp. (NYSE: SNV) closed at $40.69 up 2.03% from its previous closing price of $39.88. In other words, the price has increased by $2.03 from its previous closing price. On the day, 1.65 million shares were traded. SNV stock price reached its highest trading level at $40.855 during the session, while it also had its lowest trading level at $39.74.

Ratios:

For a deeper understanding of Synovus Financial Corp.’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.48 whereas as Long-Term Debt/Eq ratio is at 0.40.

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 the company, Barclays on June 24, 2024, Upgraded its rating to Overweight and sets its target price to $46 from $39 previously.

On April 19, 2024, Keefe Bruyette Downgraded its rating to Mkt Perform which previously was Outperform and also lowered its target price recommendation from $46 to $38.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 10 ’24 when Samaha Eli sold 172,889 shares for $25.20 per share. The transaction valued at 4,357,321 led to the insider holds 1,293,259 shares of the business.

AKINS D WAYNE JR bought 24,500 shares of SNV for $916,300 on Jun 07 ’24. The EVP, Chief Comm Banking Off. now owns 41,884 shares after completing the transaction at $37.40 per share. On Jun 07 ’24, another insider, AKINS D WAYNE JR, who serves as the EVP, Chief Comm Banking Off. of the company, sold 20,000 shares for $37.38 each. As a result, the insider received 747,600 and left with 17,384 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 5958643200 and an Enterprise Value of 6726364160. As of this moment, Synovus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.93, and their Forward P/E ratio for the next fiscal year is 8.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.72 while its Price-to-Book (P/B) ratio in mrq is 1.33. Its current Enterprise Value per Revenue stands at 3.474.

Stock Price History:

The Beta on a monthly basis for SNV is 1.42, which has changed by 0.23527622 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, SNV has reached a high of $41.15, while it has fallen to a 52-week low of $24.40. The 50-Day Moving Average of the stock is 5.80%, while the 200-Day Moving Average is calculated to be 15.58%.

Shares Statistics:

For the past three months, SNV has traded an average of 1.33M shares per day and 1559410 over the past ten days. A total of 146.71M shares are outstanding, with a floating share count of 145.56M. Insiders hold about 0.60% of the company’s shares, while institutions hold 84.98% stake in the company. Shares short for SNV as of 1718323200 were 7023401 with a Short Ratio of 5.28, compared to 1715731200 on 6797050. Therefore, it implies a Short% of Shares Outstanding of 7023401 and a Short% of Float of 5.38.

Dividends & Splits

According to the company, the forward annual dividend rate for SNV is 1.52, from 1.52 in the trailing year. Against a Trailing Annual Dividend Yield of 0.038114343The stock’s 5-year Average Dividend Yield is 3.92. The current Payout Ratio is 43.93% for SNV, which recently paid a dividend on 2024-06-20 with an ex-dividend date of 1718841600. Stock splits for the company last occurred on 2014-05-19 when the company split stock in a 1:7 ratio.

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