Synovus Financial Corp. (NYSE:SNV) – Equities researchers at Jefferies Group upped their FY2016 EPS estimates for shares of Synovus Financial Corp. in a research note issued on Wednesday. Jefferies Group analyst C. Haire now forecasts that the firm will post earnings of $1.90 per share for the year, up from their previous forecast of $1.89. Jefferies Group also issued estimates for Synovus Financial Corp.’s Q1 2017 earnings at $0.49 EPS, Q3 2017 earnings at $0.55 EPS and Q4 2017 earnings at $0.54 EPS.

A number of other equities analysts have also commented on the company. upgraded Synovus Financial Corp. from an “underperform” rating to an “outperform” rating and raised their price objective for the stock from $30.00 to $33.00 in a research note on Friday, September 23rd. Compass Point lowered Synovus Financial Corp. from a “buy” rating to a “neutral” rating in a research note on Friday, November 18th. Zacks Investment Research upgraded Synovus Financial Corp. from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday, November 30th. Barclays PLC upgraded Synovus Financial Corp. from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $32.00 to $41.00 in a research note on Tuesday, December 6th. Finally, Hovde Group lowered Synovus Financial Corp. from an “outperform” rating to a “market perform” rating and set a $44.00 price objective on the stock. in a research note on Monday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $36.56.

Earnings History and Estimates for Synovus Financial Corp. (NYSE:SNV)

TRADEMARK VIOLATION NOTICE: “Synovus Financial Corp. Forecasted to Post FY2016 Earnings of $1.90 Per Share (SNV)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this piece of content can be viewed at http://www.watchlistnews.com/synovus-financial-corp-forecasted-to-post-fy2016-earnings-of-1-90-per-share-snv/1060028.html.

Shares of Synovus Financial Corp. (NYSE:SNV) traded up 1.86% during trading on Friday, hitting $42.06. The stock had a trading volume of 318,725 shares. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 23.64 and a beta of 1.36. Synovus Financial Corp. has a one year low of $25.48 and a one year high of $42.48. The stock has a 50 day moving average price of $40.78 and a 200-day moving average price of $34.33.

Synovus Financial Corp. (NYSE:SNV) last issued its quarterly earnings results on Tuesday, October 18th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. Synovus Financial Corp. had a return on equity of 8.68% and a net margin of 18.68%. During the same quarter last year, the firm earned $0.42 EPS.

A number of large investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of Synovus Financial Corp. by 4.0% in the third quarter. Bank of New York Mellon Corp now owns 2,659,307 shares of the company’s stock worth $86,506,000 after buying an additional 102,725 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Synovus Financial Corp. by 7.9% in the third quarter. SG Americas Securities LLC now owns 61,588 shares of the company’s stock worth $2,003,000 after buying an additional 4,507 shares in the last quarter. Sei Investments Co. raised its stake in shares of Synovus Financial Corp. by 1.5% in the third quarter. Sei Investments Co. now owns 220,186 shares of the company’s stock worth $7,162,000 after buying an additional 3,281 shares in the last quarter. ProVise Management Group LLC purchased a new stake in shares of Synovus Financial Corp. during the second quarter worth $410,000. Finally, BlackRock Fund Advisors raised its stake in shares of Synovus Financial Corp. by 3.2% in the third quarter. BlackRock Fund Advisors now owns 4,680,736 shares of the company’s stock worth $152,264,000 after buying an additional 144,953 shares in the last quarter. Institutional investors and hedge funds own 76.54% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Synovus Financial Corp. Forecasted to Post FY2016 Earnings of $1.90 Per Share (SNV)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this piece of content can be viewed at http://www.watchlistnews.com/synovus-financial-corp-forecasted-to-post-fy2016-earnings-of-1-90-per-share-snv/1060028.html.

In related news, VP Mark G. Holladay sold 6,035 shares of the business’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $33.28, for a total transaction of $200,844.80. Following the sale, the vice president now owns 53,967 shares in the company, valued at approximately $1,796,021.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Curtis J. Perry sold 8,000 shares of the business’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $33.66, for a total value of $269,280.00. Following the sale, the executive vice president now owns 57,125 shares in the company, valued at approximately $1,922,827.50. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 2nd. Investors of record on Thursday, December 15th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, December 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.16%. Synovus Financial Corp.’s dividend payout ratio is currently 26.82%.

About Synovus Financial Corp.

Synovus Financial Corp. is a financial services and a bank holding company. The Company provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services to its customers through over 30 locally branded banking divisions of its subsidiary bank, Synovus Bank, and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee.

5 Day Chart for NYSE:SNV

Receive News & Ratings for Synovus Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synovus Financial Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.