Synovus Financial Corp. (NYSE:SNV) Director Philip W. Tomlinson sold 1,052 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $48.82, for a total value of $51,358.64. Following the completion of the transaction, the director now directly owns 27,139 shares of the company’s stock, valued at approximately $1,324,925.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Synovus Financial Corp. (SNV) traded up $0.03 during trading on Tuesday, hitting $48.48. The company’s stock had a trading volume of 602,538 shares, compared to its average volume of 740,802. Synovus Financial Corp. has a fifty-two week low of $37.95 and a fifty-two week high of $51.09. The firm has a market capitalization of $5,845.47, a PE ratio of 20.73, a P/E/G ratio of 2.49 and a beta of 1.13. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.66.

Synovus Financial (NYSE:SNV) last announced its earnings results on Tuesday, October 17th. The bank reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. Synovus Financial had a return on equity of 10.44% and a net margin of 21.39%. The business had revenue of $398.01 million during the quarter, compared to analysts’ expectations of $331.27 million. During the same quarter in the prior year, the firm earned $0.65 earnings per share. equities analysts forecast that Synovus Financial Corp. will post 2.45 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, December 21st will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, December 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.24%. Synovus Financial’s payout ratio is currently 24.19%.

SNV has been the subject of a number of analyst reports. Jefferies Group reaffirmed a “hold” rating and issued a $50.00 price target on shares of Synovus Financial in a report on Thursday, October 12th. ValuEngine cut Synovus Financial from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Robert W. Baird reaffirmed a “hold” rating and issued a $43.00 price target on shares of Synovus Financial in a report on Friday, October 20th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $48.00 target price on shares of Synovus Financial in a report on Thursday, October 19th. Finally, Zacks Investment Research cut Synovus Financial from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Synovus Financial currently has a consensus rating of “Hold” and a consensus target price of $45.64.

Several institutional investors have recently made changes to their positions in the business. Balentine LLC grew its position in shares of Synovus Financial by 0.4% in the second quarter. Balentine LLC now owns 3,120 shares of the bank’s stock valued at $138,000 after purchasing an additional 12 shares in the last quarter. TLP Group LLC purchased a new stake in shares of Synovus Financial in the second quarter valued at approximately $145,000. Advisory Services Network LLC grew its position in shares of Synovus Financial by 17.8% in the second quarter. Advisory Services Network LLC now owns 3,435 shares of the bank’s stock valued at $152,000 after purchasing an additional 519 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Synovus Financial by 16.5% in the second quarter. PNC Financial Services Group Inc. now owns 4,120 shares of the bank’s stock valued at $182,000 after purchasing an additional 583 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC purchased a new stake in shares of Synovus Financial in the third quarter valued at approximately $207,000. 77.83% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/12/philip-w-tomlinson-sells-1052-shares-of-synovus-financial-corp-snv-stock.html.

Synovus Financial 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.

Insider Buying and Selling by Quarter for Synovus Financial (NYSE:SNV)

Receive News & Ratings for Synovus Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synovus Financial and related companies with MarketBeat.com's FREE daily email newsletter.