Synovus Financial Corp. (SNV) concluded trading on Thursday at a closing price of $33.90, with 5.76 million shares of worth about $195.32 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.81% during that period and on April 18, 2024 the price saw a loss of about -7.43%. Currently the company’s common shares owned by public are about 146.71M shares, out of which, 145.31M shares are available for trading.
Stock saw a price change of -8.82% in past 5 days and over the past one month there was a price change of -10.79%. Year-to-date (YTD), SNV shares are showing a performance of -9.96% which increased to 12.18% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.40 but also hit the highest price of $40.92 during that period. The average intraday trading volume for Synovus Financial Corp. shares is 1.43 million. The stock is currently trading -11.33% below its 20-day simple moving average (SMA20), while that difference is down -10.39% for SMA50 and it goes to 1.49% higher than SMA200.
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Synovus Financial Corp. (NYSE: SNV) currently have 146.71M outstanding shares and institutions hold larger chunk of about 84.47% of that.
The stock has a current market capitalization of $4.96B and its 3Y-monthly beta is at 1.42. PE ratio of stock for trailing 12 months is 11.61, while it has posted earnings per share of $2.92 in the same period. It has a debt-to-equity ratio of 0.48. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SNV, volatility over the week remained 2.95% while standing at 2.62% over the month.
Analysts are in expectations that Synovus Financial Corp. (SNV) stock would likely to be making an EPS of $Snap-On Incorporated in the current quarter, while forecast for next quarter EPS is $261.76 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Franco-Nevada Corporation which is $Sanofi at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Synovus Financial Corp. in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -3.45% while it is estimated to increase by 11.40% in next year. EPS is likely to shrink at an annualized rate of -1.40% for next 5-years, compared to annual growth of -0.04% made by the stock over the past 5-years.
Coverage by Barclays stated Synovus Financial Corp. (SNV) stock as an Equal weight in their note to investors on March 08, 2024, suggesting a price target of $42 for the stock. On January 08, 2024, UBS Upgrade their recommendations, while on January 03, 2024, Evercore ISI Downgrade their ratings for the stock with a price target of $40. Stock get an Equal-weight rating from Stephens on December 19, 2023.
