Synovus Financial Corp (NYSE: SNV) is -5.45% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SNV stock was last observed hovering at around $48.87 in the last trading session, with the day’s loss setting it -0.43%.
Currently trading at $48.44, the stock is -9.17% and -9.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing -0.88% at the moment leaves the stock 1.76% off its SMA200. SNV registered 27.68% gain for a year compared to 6-month gain of 5.03%.
The stock witnessed a -12.04% loss in the last 1 month and extending the period to 3 months gives it a -15.12%, and is -5.85% 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 3.96% over the week and 2.82% over the month.
Synovus Financial Corp (SNV) has around 4775 employees, a market worth around $6.82B and $3.43B in sales. Current P/E ratio is 15.89 and Fwd P/E is 8.89. Profit margin for the company is 12.81%. Distance from 52-week low is 44.86% and -19.16% 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 2.77%.
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
A total of 0 insider transactions have happened at Synovus Financial Corp (SNV) in the last six months, with sales accounting for 0 and purchases happening 0 times. 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).
Synovus Financial Corp (SNV): Who are the competitors?
One of the company’s main competitors (and peers) include First Community Bankshares Inc. (FCBC) that is trading 18.91% up over the past 12 months.Regions Financial Corp. (RF) lies in the list of competitors of the Synovus Financial Corp and is 14.34% higher over the same period from SNVUnited Bankshares Inc. (UBSI) is 0.66% up on the 1-year trading charts.
