Synovus Financial Corp (NYSE: SNV) is 0.43% higher on its value in year-to-date trading and has touched a low of $33.44 and a high of $59.92 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SNV stock was last observed hovering at around $51.51 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $51.45, the stock is -6.05% and -4.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing -0.12% at the moment leaves the stock 8.68% off its SMA200. SNV registered 38.72% gain for a year compared to 6-month gain of 11.58%.
The stock witnessed a -6.76% loss in the last 1 month and extending the period to 3 months gives it a -8.16%, and is -6.84% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.55% over the week and 2.48% over the month.
Synovus Financial Corp (SNV) has around 4775 employees, a market worth around $7.25B and $3.43B in sales. Current P/E ratio is 16.87 and Fwd P/E is 9.45. Profit margin for the company is 12.81%. Distance from 52-week low is 53.86% and -14.14% from its 52-week high. The company has generated returns on investments over the last 12 months (6.73%).
The EPS is expected to grow by 8.75% this year
The shares outstanding are 141.17M, and float is at 139.91M with Short Float at 2.43%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 14.35 million shares valued at $$576.74 million. The investor’s holdings represent 9.8001 of the SNV Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 13.4 million shares valued at $$538.45 million to account for 9.1495 of the shares outstanding. The other top investors are FMR LLC which holds 11.03 million shares representing 7.5311 and valued at over $$443.21 million, while WELLINGTON MANAGEMENT GROUP LLP holds 5.8585 of the shares totaling 8.58 million with a market value of $$344.78 million.
Synovus Financial Corp (SNV) Insider Activity
The most recent transaction is an insider purchase by Dierdorff Thomas T, the company’s EVP, Corp. & Inv. Banking. SEC filings show that Dierdorff Thomas T bought 1,680 shares of the company’s common stock on Jan 28 ’25 at a price of $55.03 per share for a total of $92450.0. Following the purchase, the insider now owns 13471.0 shares.
Synovus Financial Corp disclosed in a document filed with the SEC on Jan 28 ’25 that Dierdorff Thomas T (EVP, Corp. & Inv. Banking) sold a total of 1,680 shares of the company’s common stock. The trade occurred on Jan 28 ’25 and was made at $55.03 per share for $92450.0. Following the transaction, the insider now directly holds 11791.0 shares of the SNV stock.
Still, SEC filings show that on Jan 28 ’25, Dierdorff Thomas T (Officer) Proposed Sale 1,681 shares at an average price of $54.99 for $92442.0. The insider now directly holds shares of Synovus Financial Corp (SNV).
