Synovus Financial Corp (NYSE: SNV) is 38.27% higher on its value in year-to-date trading and has touched a low of $35.94 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 $54.92 in the last trading session, with the day’s loss setting it -0.29%.
Currently trading at $54.63, the stock is 7.18% and 12.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing -0.53% at the moment leaves the stock 9.87% off its SMA200. SNV registered 6.64% gain for a year compared to 6-month loss of 5.18%. The firm has a 50-day simple moving average (SMA 50) of $48.6808 and a 200-day simple moving average (SMA200) of $49.7228.
The stock witnessed a 11.35% gain in the last 1 month and extending the period to 3 months gives it a 40.94%, and is 1.56% 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 2.30% over the week and 2.23% over the month.
Synovus Financial Corp (SNV) has around 4775 employees, a market worth around $7.59B and $3.42B in sales. Current P/E ratio is 15.33 and Fwd P/E is 10.03. Profit margin for the company is 14.88%. Distance from 52-week low is 52.00% and -8.83% from its 52-week high. The company has generated returns on investments over the last 12 months (6.79%).
The EPS is expected to grow by 15.81% this year
624.0 institutions hold shares in Synovus Financial Corp (SNV), with institutional investors hold 88.59% of the company’s shares. The shares outstanding are 139.21M, and float is at 138.00M with Short Float at 2.80%. Institutions hold 88.14% 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.
