Synovus Financial Corp. (SNV) Declares Quarterly Dividend of $0.07
Synovus Financial Corp. (NYSE:SNV) declared a quarterly dividend on Tuesday, May 20th, AnalystRatings.NET reports. Shareholders of record on Thursday, June 19th will be given a dividend of 0.07 per share on Tuesday, July 1st. This represents a $0.28 dividend on an annualized basis and a yield of 1.27%.
SNV has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Synovus Financial Corp. from $4.00 to $24.00 in a research note on Tuesday. They now have an “underweight” rating on the stock. On a related note, analysts at Compass Point reiterated a “buy” rating on shares of Synovus Financial Corp. in a research note on Monday. They now have a $29.50 price target on the stock, up previously from $4.20. Finally, analysts at Morgan Stanley upgraded shares of Synovus Financial Corp. from an “underweight” rating to an “equal weight” rating in a research note on Thursday, May 1st. They now have a $3.30 price target on the stock, up previously from $3.20. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $8.51.
Shares of Synovus Financial Corp. (NYSE:SNV) traded up 0.45% on Tuesday, hitting $22.08. The stock had a trading volume of 6,543,445 shares. Synovus Financial Corp. has a 52-week low of $18.20 and a 52-week high of $26.53. The stock has a 50-day moving average of $22.8 and a 200-day moving average of $23.77. The company has a market cap of $21.481 billion and a price-to-earnings ratio of 138.24.
Synovus Financial Corp. (NYSE:SNV) last announced its earnings results on Tuesday, April 22nd. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. During the same quarter in the previous year, the company posted $0.02 earnings per share. On average, analysts predict that Synovus Financial Corp. will post $1.40 earnings per share for the current fiscal year.
Synovus Financial Corp. (NYSE:SNV) is a financial services and a bank holding company.
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