Synovus Financial Corp. Plans Quarterly Dividend of $0.07 (SNV)
Synovus Financial Corp. (NYSE:SNV) announced a quarterly dividend on Wednesday, September 3rd, Analyst RN reports. Stockholders of record on Thursday, September 18th will be paid a dividend of 0.07 per share on Wednesday, October 1st. This represents a $0.28 annualized dividend and a dividend yield of 1.15%.
SNV has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Synovus Financial Corp. in a research note on Thursday, July 24th. They now have a $27.00 price target on the stock, up previously from $26.00. On a related note, analysts at Bernstein raised their price target on shares of Synovus Financial Corp. from $21.00 to $22.00 in a research note on Wednesday, July 23rd. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Synovus Financial Corp. from $26.25 to $27.00 in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $23.78.
Synovus Financial Corp. (NYSE:SNV) traded down 0.70% on Wednesday, hitting $24.26. 643,644 shares of the company’s stock traded hands. Synovus Financial Corp. has a 1-year low of $20.18 and a 1-year high of $26.53. The stock’s 50-day moving average is $23.65 and its 200-day moving average is $23.65. The company has a market cap of $3.373 billion and a P/E ratio of 20.72.
Synovus Financial Corp. (NYSE:SNV) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.48 by $0.13. The company had revenue of $268.40 million for the quarter, compared to the consensus estimate of $266.53 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, analysts predict that Synovus Financial Corp. will post $1.38 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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