Synovus Financial Corp. (NYSE:SNV) received a $49.00 price target from analysts at Barclays PLC in a research report issued on Wednesday. The firm currently has a “hold” rating on the bank’s stock. Barclays PLC’s target price would suggest a potential upside of 5.49% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. SunTrust Banks, Inc. restated a “buy” rating and issued a $51.00 price objective on shares of Synovus Financial Corp. in a report on Thursday, October 12th. Jefferies Group LLC restated a “hold” rating and issued a $50.00 price objective on shares of Synovus Financial Corp. in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Synovus Financial Corp. from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Tuesday, September 19th. Sanford C. Bernstein restated a “market perform” rating and issued a $42.00 price objective (up from $41.00) on shares of Synovus Financial Corp. in a report on Saturday, September 16th. Finally, ValuEngine lowered shares of Synovus Financial Corp. from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. Synovus Financial Corp. presently has a consensus rating of “Hold” and an average price target of $44.36.

Shares of Synovus Financial Corp. (NYSE SNV) traded up 1.29% during trading on Wednesday, reaching $46.45. 905,211 shares of the company’s stock traded hands. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 21.09 and a beta of 1.10. The company’s 50-day moving average is $44.13 and its 200 day moving average is $42.95. Synovus Financial Corp. has a 52-week low of $31.87 and a 52-week high of $47.32.

Synovus Financial Corp. (NYSE:SNV) last announced its quarterly earnings data on Tuesday, October 17th. The bank reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. The firm had revenue of $398.01 million during the quarter, compared to analyst estimates of $331.27 million. Synovus Financial Corp. had a net margin of 20.68% and a return on equity of 9.88%. During the same period in the previous year, the business posted $0.65 EPS. Equities analysts forecast that Synovus Financial Corp. will post $2.47 EPS for the current year.

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In other Synovus Financial Corp. news, EVP Curtis J. Perry sold 7,062 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 60,038 shares of the company’s stock, valued at approximately $2,633,266.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kevin Joseph Howard sold 7,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 46,490 shares in the company, valued at $2,016,271.30. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of SNV. UBS Asset Management Americas Inc. increased its position in Synovus Financial Corp. by 16.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 75,968 shares of the bank’s stock valued at $3,116,000 after purchasing an additional 10,737 shares during the period. Stifel Financial Corp increased its position in Synovus Financial Corp. by 18.6% during the 1st quarter. Stifel Financial Corp now owns 22,417 shares of the bank’s stock valued at $925,000 after purchasing an additional 3,508 shares during the period. Credit Agricole S A increased its position in Synovus Financial Corp. by 102.3% during the 1st quarter. Credit Agricole S A now owns 11,220 shares of the bank’s stock valued at $460,000 after purchasing an additional 5,674 shares during the period. OppenheimerFunds Inc. increased its position in Synovus Financial Corp. by 34.9% during the 1st quarter. OppenheimerFunds Inc. now owns 7,726 shares of the bank’s stock valued at $317,000 after purchasing an additional 1,998 shares during the period. Finally, FMR LLC increased its position in Synovus Financial Corp. by 3.0% during the 1st quarter. FMR LLC now owns 1,875,742 shares of the bank’s stock valued at $76,943,000 after purchasing an additional 55,500 shares during the period. 77.87% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Synovus Financial Corp. (NYSE:SNV)

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