Synovus Financial Corp (NYSE: SNV) is -18.88% lower on its value in year-to-date trading and has touched a low of $34.66 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 $40.13 in the last trading session, with the day’s gains setting it 1.43%.
Currently trading at $41.56, the stock is -2.41% and -11.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing 3.56% at the moment leaves the stock -14.35% off its SMA200. SNV registered 22.60% gain for a year compared to 6-month loss of -18.27%. The firm has a 50-day simple moving average (SMA 50) of $46.984 and a 200-day simple moving average (SMA200) of $48.52265.
The stock witnessed a -12.39% gain in the last 1 month and extending the period to 3 months gives it a -24.91%, and is 3.77% up 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 3.36% over the week and 5.50% over the month.
Synovus Financial Corp (SNV) has around 4775 employees, a market worth around $5.86B and $3.41B in sales. Current P/E ratio is 11.65 and Fwd P/E is 7.67. Profit margin for the company is 14.89%. Distance from 52-week low is 19.91% and -30.64% from its 52-week high. The company has generated returns on investments over the last 12 months (6.79%).
with sales reaching $584.94M over the same period.The EPS is expected to grow by 13.71% this year, but quarterly earnings will post 18.45% year-over-year. Quarterly sales are estimated to grow 91.07% in year-over-year returns.
Synovus Financial Corp (SNV) Top Institutional Holders
605.0 institutions hold shares in Synovus Financial Corp (SNV), with institutional investors hold 89.08% of the company’s shares. The shares outstanding are 140.97M, and float is at 139.98M with Short Float at 2.56%. Institutions hold 88.64% of the Float.
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 9.8584% 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 9.2039 of the shares outstanding. The other top investors are FMR LLC which holds 11.03 million shares representing 7.5758% and valued at over $443.21 million, while WELLINGTON MANAGEMENT GROUP LLP holds 5.8934 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).
