Synovus Financial (SNV) Earning Somewhat Favorable News Coverage, Study Shows
Headlines about Synovus Financial (NYSE:SNV) have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 6,000 blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Synovus Financial earned a daily sentiment score of 1.33 on their scale. InfoTrie also gave news headlines about the bank an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Synovus Financial’s ranking:
- Synovus Receives Regulatory Approval for FCB Financial Holdings, Inc. Merger (finance.yahoo.com)
- Synovus Financial Corp. (SNV) CEO Buys $260,400.00 in Stock (americanbankingnews.com)
- Synovus Financial (SNV) Receiving Somewhat Favorable Media Coverage, Study Finds (americanbankingnews.com)
- Stock Traders Buy High Volume of Put Options on Synovus Financial (SNV) (americanbankingnews.com)
- Is Synovus Financial Corp’s (NYSE:SNV) CEO Overpaid Relative To Its Peers? (finance.yahoo.com)
NYSE:SNV opened at $34.90 on Friday. The stock has a market cap of $4.13 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 1.22 and a beta of 1.16. Synovus Financial has a 1 year low of $33.91 and a 1 year high of $57.40. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.58.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Thursday, December 20th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, December 19th. This represents a $1.00 annualized dividend and a dividend yield of 2.87%. Synovus Financial’s dividend payout ratio is currently 39.53%.
SNV has been the subject of several analyst reports. Morgan Stanley reissued a “hold” rating and set a $55.00 target price (down from $56.00) on shares of Synovus Financial in a research note on Tuesday, September 18th. Royal Bank of Canada lowered their target price on Synovus Financial to $48.00 and set an “outperform” rating for the company in a research note on Wednesday, October 24th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $55.00 target price on shares of Synovus Financial in a research note on Tuesday, October 23rd. Piper Jaffray Companies reissued a “hold” rating and set a $43.00 target price on shares of Synovus Financial in a research note on Tuesday, November 27th. Finally, Barclays lowered their target price on Synovus Financial from $55.00 to $47.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $51.17.
In other news, EVP Allen J. Gula sold 1,400 shares of the company’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $37.29, for a total transaction of $52,206.00. Following the completion of the transaction, the executive vice president now directly owns 72,283 shares of the company’s stock, valued at approximately $2,695,433.07. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Elizabeth W. Camp acquired 3,000 shares of the stock in a transaction dated Thursday, October 25th. The shares were acquired at an average cost of $36.97 per share, with a total value of $110,910.00. Following the completion of the transaction, the director now owns 16,718 shares in the company, valued at approximately $618,064.46. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 11,250 shares of company stock valued at $399,195. Insiders own 1.50% of the company’s stock.
Synovus Financial Company Profile
Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides various financial products and services. It offers integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services. The company's commercial banking services comprise cash management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans.
Further Reading: What is the Dow Jones Industrial Average (DJIA)?
Receive News & Ratings for Synovus Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synovus Financial and related companies with MarketBeat.com's FREE daily email newsletter.