Earnings results for Synovus Financial (NYSE:SNV)
Synovus Financial Corp. is expected* to report earnings on 10/19/2021 before market open. The report will be for the fiscal Quarter ending Sep 2021. According to Zacks Investment Research, based on 10 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.09. The reported EPS for the same quarter last year was $0.89.
Synovus Financial last issued its quarterly earnings data on July 19th, 2021. The bank reported $1.20 EPS for the quarter, topping the consensus estimate of $1.03 by $0.17. The business had revenue of $488.95 million for the quarter, compared to the consensus estimate of $486.99 million. Synovus Financial has generated $2.41 earnings per share over the last year ($3.90 diluted earnings per share) and currently has a price-to-earnings ratio of 11.7. Earnings for Synovus Financial are expected to decrease by -8.91% in the coming year, from $4.49 to $4.09 per share. Synovus Financial has confirmed that its next quarterly earnings report will be published on Tuesday, October 19th, 2021. Synovus Financial will be holding an earnings conference call on Tuesday, October 19th at 8:30 AM Eastern. Interested parties can .
Analyst Opinion on Synovus Financial (NYSE:SNV)
According to the issued ratings of 8 analysts in the last year, the consensus rating for Synovus Financial stock is Buy based on the current 1 hold rating and 7 buy ratings for SNV. The average twelve-month price target for Synovus Financial is $44.39 with a high price target of $59.00 and a low price target of $13.50.
on SNV’s analyst rating history
Synovus Financial has received a consensus rating of Buy. The company’s average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $44.39, Synovus Financial has a forecasted downside of 2.7% from its current price of $45.60. Synovus Financial has received no research coverage in the past 90 days.
Dividend Strength: Synovus Financial (NYSE:SNV)
Synovus Financial pays a meaningful dividend of 2.90%, higher than the bottom 25% of all stocks that pay dividends. Synovus Financial does not have a long track record of dividend growth. The dividend payout ratio of Synovus Financial is 54.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Synovus Financial will have a dividend payout ratio of 32.27% next year. This indicates that Synovus Financial will be able to sustain or increase its dividend.
Insiders buying/selling: Synovus Financial (NYSE:SNV)
In the past three months, Synovus Financial insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $830,130.00 in company stock. Only 1.11% of the stock of Synovus Financial is held by insiders. 76.40% of the stock of Synovus Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Synovus Financial (NYSE:SNV
Earnings for Synovus Financial are expected to decrease by -8.91% in the coming year, from $4.49 to $4.09 per share. The P/E ratio of Synovus Financial is 11.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.68. The P/E ratio of Synovus Financial is 11.69, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.51. Synovus Financial has a PEG Ratio of 1.12. PEG Ratios above 1 indicate that a company could be overvalued. Synovus Financial has a P/B Ratio of 1.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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