Press coverage about Synovus Financial (NYSE:SNV) has been trending somewhat positive on Wednesday, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Synovus Financial earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 46.3370704651065 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Ex-Dividend Reminder: BancorpSouth Bank, Broadridge Financial Solutions and Synovus Financial – Nasdaq (nasdaq.com)
- Synovus Financial (SNV) Rating Increased to Equal Weight at Morgan Stanley (americanbankingnews.com)
- Active Stock Evaluation – Synovus Financial Corp (NYSE: SNV) – Stocks Pen (stockspen.com)
- Synovus Financial Corp. (SNV) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
Synovus Financial (NYSE SNV) traded down $0.66 during midday trading on Wednesday, reaching $51.70. 837,193 shares of the company’s stock traded hands, compared to its average volume of 800,356. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.60. The company has a market cap of $6,275.87, a PE ratio of 23.76, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11. Synovus Financial has a 1 year low of $37.95 and a 1 year high of $53.14.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Wednesday, March 14th. This is an increase from Synovus Financial’s previous quarterly dividend of $0.15. Synovus Financial’s dividend payout ratio is 27.65%.
Synovus Financial announced that its board has initiated a share repurchase program on Tuesday, January 23rd that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the bank to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
Several research analysts recently issued reports on the company. Robert W. Baird reissued an “average” rating and set a $47.00 price objective on shares of Synovus Financial in a research note on Wednesday, January 3rd. Morgan Stanley boosted their price objective on shares of Synovus Financial from $50.00 to $52.00 and gave the company an “underperform” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $55.00 price target on shares of Synovus Financial in a research report on Tuesday, February 27th. SunTrust Banks reaffirmed a “buy” rating and set a $54.00 price target on shares of Synovus Financial in a research report on Wednesday, November 29th. Finally, Bank of America upped their price target on shares of Synovus Financial from $55.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $52.08.
In related news, COO Allen J. Gula sold 2,450 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $50.22, for a total value of $123,039.00. Following the transaction, the chief operating officer now directly owns 70,111 shares in the company, valued at approximately $3,520,974.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mark G. Holladay sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $50.16, for a total transaction of $250,800.00. Following the completion of the transaction, the vice president now owns 52,063 shares in the company, valued at $2,611,480.08. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.
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.
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.