After finishing at $38.00 in the prior trading day, Synovus Financial Corp. (NYSE: SNV) closed at $37.92, down -0.21%. In other words, the price has decreased by -$0.08 from its previous closing price. On the day, 1424561 shares were traded.
Ratios:
Our goal is to gain a better understanding of SNV by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.42 whereas as Long-Term Debt/Eq ratio is at 0.36.
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, Barclays on March 08, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $42.
On January 08, 2024, UBS Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $42.
Evercore ISI Downgraded its Outperform to In-line on January 03, 2024, while the target price for the stock was maintained at $40.
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 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 5.55B. As of this moment, Synovus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.96, and their Forward P/E ratio for the next fiscal year is 8.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.63 while its Price-to-Book (P/B) ratio in mrq is 1.21.
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 37.90, while the 200-Day Moving Average is calculated to be 33.03.
Shares Statistics:
The stock has traded on average 1.46M shares per day over the past 3-months and 1.12M shares per day over the last 10 days, according to various share statistics. A total of 146.71M shares are outstanding, with a floating share count of 145.29M. 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 Mar 15, 2024 were 5.78M with a Short Ratio of 3.96, compared to 7.74M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.95% and a Short% of Float of 4.43%.
Dividends & Splits
In the trailing 12 months, SNV’s forward annual dividend rate was 1.52, compared to 1.52 this year. Against a Trailing Annual Dividend Yield of 4.00%, it implies a Forward Annual Dividend Yield of 4.00%. The stock’s 5-year Average Dividend Yield is 3.88. The current Payout Ratio is 43.93% for SNV, which recently paid a dividend on Apr 01, 2024 with an ex-dividend date of Mar 20, 2024. Stock splits for the company last occurred on May 19, 2014 when the company split stock in a 1:7 ratio.
Earnings Estimates
Its stock is currently analyzed by 16 different market analysts. On average, analysts expect EPS of $0.99 for the current quarter, with a high estimate of $1.04 and a low estimate of $0.86, while EPS last year was $1.33. The consensus estimate for the next quarter is $1, with high estimates of $1.06 and low estimates of $0.91.
Analysts are recommending an EPS of between $4.28 and $3.5 for the fiscal current year, implying an average EPS of $4.03. EPS for the following year is $4.42, with 17 analysts recommending between $4.75 and $4.
Revenue Estimates
12 analysts predict $548.1M in revenue for the current quarter. It ranges from a high estimate of $552.8M to a low estimate of $543.72M. As of the current estimate, Synovus Financial Corp.’s year-ago sales were $594.24M, an estimated decrease of -7.80% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $551.09M, a decrease of -3.50% over than the figure of -$7.80% in the same quarter last year. There is a high estimate of $567.04M for the next quarter, whereas the lowest estimate is $537.25M.
A total of 13 analysts have provided revenue estimates for SNV’s current fiscal year. The highest revenue estimate was $2.26B, while the lowest revenue estimate was $2.18B, resulting in an average revenue estimate of $2.23B. In the same quarter a year ago, actual revenue was $2.22B, up 0.20% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $2.34B in the next fiscal year. The high estimate is $2.39B and the low estimate is $2.29B. The average revenue growth estimate for next year is up 5.20% from the average revenue estimate for this year.
