It’s Not Over Yet For Synovus Financial Corp. (NYSE: SNV)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Synovus wins 25 Greenwich Excellence and Best Brand Awards.

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Stocks Info

Synovus Financial Corp. is listed on the NYSE as a member of the Financial sector and is a part of the Banks – Regional industry. The current market capitalization of Synovus Financial Corp. is $5.55B. A total of 1.09 million shares were traded on the day, compared to an average of 1.58M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, SNV has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 32 BUYs and 3 SELLs from insiders. Insiders purchased 45,317 shares during that period but sold 6,573.

In the most recent transaction, Hurley Jill K sold 4,808 shares of SNV for 37.29 per share on Feb 28. After the transaction, the Chief Accounting Officer now owns 5,137 company shares. In a previous transaction on Jan 24, Bentsen Tim E sold 4,671 shares at 38.62 per share. SNV shares that Director owns now total 33,144.

Among the insiders who sold shares, Dierdorff Thomas T disposed of 2,045 shares on Jan 23 at a per-share price of $38.23. This resulted in the EVP, Corp. & Inv. Banking holding 11,086 shares of SNV after the transaction. In another insider transaction, KAMENSKY ALLAN E sold 19,301 shares at $35.01 per share on Dec 07. Company shares held by the EVP and General Counsel now total 66,783.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Synovus Financial Corp. pays an annual dividend of $1.52, resulting in a dividend yield of 4.01%, and it has a price to earnings (P/E) ratio of 10.96. SNV’s most recent ex-dividend date was 12/20/2023 when it declared a $0.38 quarterly dividend that was paid in cash on 1/2/2024. Previously, the company paid the dividend on 10/2/2023 with an ex-dividend date of 9/20/2023. The SNV stock dividend was $0.38 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, SNV has a high of $41.80 and a low of $24.40.

As of this writing, SNV has an earnings estimate of $0.99 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $1.05 per share and a lower estimate of $0.92. The company reported an EPS of $0.84 in the last quarter, which was -2.30% lower than expectations of $0.86.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $31.24, while its Total Shareholder’s Equity was $5.30B.

Analysts Opinion

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. 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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