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Wednesday, December 6, 2023

Synovus Financial Corp. (NYSE: SNV) Could Achieve Gains In The Near Future

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 broken, with the stock’s consolidated last price falling by -$0.14, or -0.49%, to $28.40. The Synovus Financial Corp. has recorded 19,401 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Synovus announces offer to purchase up to $150 million aggregate principal amount of its 5.900% fixed-to-fixed rate subordinated notes due 2029.

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 $28.54 and fluctuated between $28.93 as its day high and $28.28 as its day low. The current market capitalization of Synovus Financial Corp. is $4.17B. A total of 1.51 million shares were traded on the day, compared to an average of 1.36M 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 382 shares. Over the last 12 months, there were 60 BUYs and 42 SELLs from insiders. Insiders purchased 107,329 shares during that period but sold 62,809.

In the most recent transaction, Samaha Eli bought 560 shares of SNV for 21.35 per share on Oct 20. After the transaction, the 10% Owner now owns 1,693,259 company shares. In a previous transaction on Oct 13, Samaha Eli bought 4,279 shares at 21.50 per share. SNV shares that 10% Owner owns now total 1,692,699.

Among the insiders who bought shares, Samaha Eli acquired of 235 shares on Oct 12 at a per-share price of $21.50. This resulted in the 10% Owner holding 1,688,420 shares of SNV after the transaction. In another insider transaction, Samaha Eli bought 881 shares at $21.50 per share on Oct 11. Company shares held by the 10% Owner now total 1,688,185.


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 5.33%, and it has a price to earnings (P/E) ratio of 6.49. SNV’s most recent ex-dividend date was 9/20/2023 when it declared a $0.38 quarterly dividend that was paid in cash on 10/2/2023. Previously, the company paid the dividend on 7/3/2023 with an ex-dividend date of 6/14/2023. 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 $32.77 with high estimates of $38.00 and low estimates of $27.50. In terms of 52-week highs and lows, SNV has a high of $44.91 and a low of $24.40.

As of this writing, SNV has an earnings estimate of $0.87 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $1.02 per share and a lower estimate of $0.59. The company reported an EPS of $1.16 in the last quarter, which was 0.90% higher than expectations of $1.15.

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 $27.36, 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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