Somewhat Positive Media Coverage Somewhat Unlikely to Impact Synovus Financial Corp. (SNV) Share Price
News coverage about Synovus Financial Corp. (NYSE:SNV) has trended somewhat positive on Thursday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Synovus Financial Corp. earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 45.9638122236092 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Synovus Financial Corp. (SNV) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
- Synovus Financial About To Put More Money In Your Pocket (SNV) – Nasdaq (nasdaq.com)
- Synovus Financial Corp. breached its 50 day moving average in a Bearish Manner : SNV-US : September 15, 2017 (finance.yahoo.com)
- Synovus Financial Corp. (SNV) Earns Market Perform Rating from Sanford C. Bernstein (americanbankingnews.com)
- Synovus Financial Corp. (SNV) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
A number of equities research analysts recently commented on SNV shares. Jefferies Group LLC restated a “hold” rating and issued a $47.00 price objective on shares of Synovus Financial Corp. in a research report on Sunday, June 11th. Robert W. Baird restated a “hold” rating and issued a $40.00 price objective on shares of Synovus Financial Corp. in a research report on Friday, August 25th. Zacks Investment Research downgraded shares of Synovus Financial Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. BidaskClub downgraded shares of Synovus Financial Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $42.00 price objective (up previously from $41.00) on shares of Synovus Financial Corp. in a research report on Saturday, September 16th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.36.
Synovus Financial Corp. (NYSE:SNV) last posted its quarterly earnings data on Tuesday, July 18th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. The business had revenue of $319.80 million during the quarter, compared to analysts’ expectations of $317.81 million. Synovus Financial Corp. had a net margin of 20.68% and a return on equity of 9.88%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Thursday, September 21st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Wednesday, September 20th. Synovus Financial Corp.’s dividend payout ratio (DPR) is presently 27.15%.
In related news, EVP Kevin Joseph Howard sold 7,000 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $43.37, for a total transaction of $303,590.00. Following the completion of the sale, the executive vice president now directly owns 46,490 shares of the company’s stock, valued at $2,016,271.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Curtis J. Perry sold 7,062 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $43.86, for a total transaction of $309,739.32. Following the sale, the executive vice president now directly owns 60,038 shares of the company’s stock, valued at $2,633,266.68. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.
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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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