Analyzing Synovus Financial Corp. (SNV) & Its Competitors
Synovus Financial Corp. (NYSE: SNV) is one of 331 public companies in the “Banks” industry, but how does it compare to its peers? We will compare Synovus Financial Corp. to similar businesses based on the strength of its analyst recommendations, profitability, valuation, institutional ownership, earnings, risk and dividends.
This table compares Synovus Financial Corp. and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Synovus Financial Corp.||21.39%||10.44%||0.97%|
|Synovus Financial Corp. Competitors||18.83%||8.83%||0.94%|
This is a summary of recent ratings for Synovus Financial Corp. and its peers, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Synovus Financial Corp.||0||9||5||0||2.36|
|Synovus Financial Corp. Competitors||2094||8276||8377||324||2.36|
Synovus Financial Corp. currently has a consensus target price of $44.70, suggesting a potential downside of 4.59%. As a group, “Banks” companies have a potential downside of 7.78%. Given Synovus Financial Corp.’s higher probable upside, equities research analysts plainly believe Synovus Financial Corp. is more favorable than its peers.
Valuation and Earnings
This table compares Synovus Financial Corp. and its peers revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Synovus Financial Corp.||$1.27 billion||N/A||18.89|
|Synovus Financial Corp. Competitors||N/A||N/A||19.24|
Synovus Financial Corp. is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
Institutional & Insider Ownership
79.1% of Synovus Financial Corp. shares are held by institutional investors. Comparatively, 52.4% of shares of all “Banks” companies are held by institutional investors. 1.5% of Synovus Financial Corp. shares are held by company insiders. Comparatively, 10.5% of shares of all “Banks” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
Risk and Volatility
Synovus Financial Corp. has a beta of 1.13, meaning that its share price is 13% more volatile than the S&P 500. Comparatively, Synovus Financial Corp.’s peers have a beta of 0.79, meaning that their average share price is 21% less volatile than the S&P 500.
Synovus Financial Corp. pays an annual dividend of $0.60 per share and has a dividend yield of 1.3%. Synovus Financial Corp. pays out 24.2% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 1.9% and pay out 34.7% of their earnings in the form of a dividend. Synovus Financial Corp. has increased its dividend for 3 consecutive years.
Synovus Financial Corp. beats its peers on 9 of the 14 factors compared.
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. The Bank offers commercial banking services and retail banking services. The Bank’s commercial banking services include cash management, asset management, capital markets services, institutional trust services, and commercial, financial and real estate loans. Its retail banking services include mortgage, installment and other retail loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet-based banking services, and bank credit card services, including MasterCard and Visa services.
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