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Friday, September 29, 2023

Synovus Financial Corp. (SNV) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Synovus Financial Corp. (SNV) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $32.08. The Synovus Financial Corp. has recorded 31,108 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Synovus announces quarterly dividends.

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Stocks Info

Synovus Financial Corp. is listed on the NYSE in the Financial sector while operating in the Banks – Regional industry. At the end of the last regular session, the stock closed at $32.08 and fluctuated between $32.12 as its day high and $31.15 as its day low. The current market capitalization of Synovus Financial Corp. is $4.53B. A total of 1.08 million shares were traded on the day, compared to an average of 1.33M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, SNV has seen 7 BUY and 1 SELL insider trades, representing the acquisition of 1,211 and the disposition of 4,260 shares. Over the last 12 months, there were 61 BUYs and 43 SELLs from insiders. Insiders purchased 128,579 shares during that period but sold 84,041.

In the most recent transaction, Irby John H. bought 3,575 shares of SNV for 28.20 per share on May 05. After the transaction, the Director now owns 13,706 company shares. In a previous transaction on May 05, Creson Shellie bought 2,800 shares at 28.33 per share. SNV shares that EVP and Chief Risk Officer owns now total 34,648.

Among the insiders who bought shares, Bishop Daniel Zachary acquired of 1,000 shares on May 05 at a per-share price of $27.96. This resulted in the EVP, Tech., Ops., & Sec. holding 32,541 shares of SNV after the transaction. In another insider transaction, Blair Kevin S. bought 4,600 shares at $26.30 per share on May 04. Company shares held by the President and CEO now total 86,939.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Synovus Financial Corp. pays an annual dividend of $1.52, resulting in a dividend yield of 4.74%, and it has a price to earnings (P/E) ratio of 6.25. SNV’s most recent ex-dividend date was 6/14/2023 when it declared a $0.38 quarterly dividend that was paid in cash on 7/3/2023. Previously, the company paid the dividend on 4/3/2023 with an ex-dividend date of 3/15/2023. The SNV stock dividend was $0.38 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for SNV in the last 3 months, the mean price target is $37.80 with high estimates of $45.00 and low estimates of $30.00. In terms of 52-week highs and lows, SNV has a high of $44.91 and a low of $25.19.

As of this writing, SNV has an earnings estimate of $0.94 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $1.07 per share and a lower estimate of $0.71. The company reported an EPS of $1.33 in the last quarter, which was 9.00% higher than expectations of $1.22.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $29.06, while its Total Shareholder’s Equity was $5.30B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SNV is Buy with a score of 4.38.

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