Equities analysts predict that Synovus Financial Corp. (NYSE:SNV) will post $0.67 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Synovus Financial Corp.’s earnings. The lowest EPS estimate is $0.65 and the highest is $0.69. Synovus Financial Corp. posted earnings per share of $0.54 in the same quarter last year, which would suggest a positive year over year growth rate of 24.1%. The firm is expected to issue its next quarterly earnings results on Tuesday, January 16th.

On average, analysts expect that Synovus Financial Corp. will report full-year earnings of $2.48 per share for the current year, with EPS estimates ranging from $2.33 to $2.59. For the next year, analysts forecast that the business will report earnings of $2.84 per share, with EPS estimates ranging from $2.70 to $3.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Synovus Financial Corp..

Synovus Financial Corp. (NYSE:SNV) last posted its quarterly earnings results on Tuesday, October 17th. The bank reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. The firm had revenue of $398.01 million during the quarter, compared to the consensus estimate of $331.27 million. Synovus Financial Corp. had a return on equity of 10.44% and a net margin of 21.39%. During the same period last year, the company earned $0.65 earnings per share.

Several brokerages have recently commented on SNV. Zacks Investment Research upgraded Synovus Financial Corp. from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday, September 12th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $48.00 price target on shares of Synovus Financial Corp. in a research note on Thursday, October 19th. SunTrust Banks, Inc. restated a “buy” rating and issued a $51.00 price target on shares of Synovus Financial Corp. in a research note on Thursday, October 12th. Jefferies Group LLC restated a “hold” rating and issued a $50.00 price target on shares of Synovus Financial Corp. in a research note on Thursday, October 12th. Finally, ValuEngine downgraded Synovus Financial Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $45.36.

Synovus Financial Corp. (NYSE SNV) traded up $0.62 during mid-day trading on Tuesday, reaching $45.65. The company’s stock had a trading volume of 790,100 shares, compared to its average volume of 751,860. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $5,381.75, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 2.27 and a beta of 1.13. Synovus Financial Corp. has a 12-month low of $37.55 and a 12-month high of $47.67.

In related news, COO Allen J. Gula sold 2,125 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $47.11, for a total transaction of $100,108.75. Following the sale, the chief operating officer now owns 72,561 shares in the company, valued at approximately $3,418,348.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP R Dallis Copeland, Jr. sold 10,000 shares of the business’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $46.29, for a total value of $462,900.00. Following the sale, the executive vice president now owns 43,488 shares in the company, valued at approximately $2,013,059.52. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Analysts LLC grew its position in shares of Synovus Financial Corp. by 10.3% in the 2nd quarter. Capital Analysts LLC now owns 20,248 shares of the bank’s stock valued at $896,000 after buying an additional 1,893 shares during the last quarter. 361 Capital LLC bought a new stake in shares of Synovus Financial Corp. in the 2nd quarter valued at about $4,032,000. TD Asset Management Inc. grew its position in shares of Synovus Financial Corp. by 11.5% in the 2nd quarter. TD Asset Management Inc. now owns 31,135 shares of the bank’s stock valued at $1,377,000 after buying an additional 3,200 shares during the last quarter. OppenheimerFunds Inc. grew its position in shares of Synovus Financial Corp. by 34.9% in the 1st quarter. OppenheimerFunds Inc. now owns 7,726 shares of the bank’s stock valued at $317,000 after buying an additional 1,998 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Synovus Financial Corp. by 1.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 635,793 shares of the bank’s stock valued at $28,128,000 after buying an additional 10,009 shares during the last quarter. Hedge funds and other institutional investors own 78.65% of the company’s stock.

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Synovus Financial Corp. Company Profile

Synovus Financial Corp. is a financial services company 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 locally branded banking divisions of its subsidiary bank, Synovus Bank (the Bank), and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee.

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

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