Synovus Financial Corp. (SNV) concluded trading on Thursday at a closing price of $50.85, with 4.24 million shares of worth about $215.7 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 50.00% during that period and on October 17, 2024 the price saw a gain of about 5.13%. Currently the company’s common shares owned by public are about 146.71M shares, out of which, 143.10M shares are available for trading.
Stock saw a price change of 15.62% in past 5 days and over the past one month there was a price change of 12.92%. Year-to-date (YTD), SNV shares are showing a performance of 35.06% which increased to 82.72% 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 $48.82 during that period. The average intraday trading volume for Synovus Financial Corp. shares is 1.36 million. The stock is currently trading 13.89% above its 20-day simple moving average (SMA20), while that difference is up 15.00% for SMA50 and it goes to 26.71% 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 86.49% of that.
The stock has a current market capitalization of $7.32B and its 3Y-monthly beta is at 1.41. PE ratio of stock for trailing 12 months is 23.01, while it has posted earnings per share of $2.21 in the same period. Its PEG reads 4.32 while making debt-to-equity ratio of 0.39. 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 3.49% while standing at 2.53% over the month.
Stock’s fiscal year EPS is expected to rise by 2.66% while it is estimated to increase by 5.70% in next year. EPS is likely to grow at an annualized rate of 5.33% for next 5-years, compared to annual growth of -0.04% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on October 10, 2024 offering a Buy rating for the stock and assigned a target price of $53 to it. Coverage by Wells Fargo stated Synovus Financial Corp. (SNV) stock as an Equal weight in their note to investors on October 01, 2024, suggesting a price target of $46 for the stock. On September 17, 2024, Raymond James Upgrade their recommendations, while on June 24, 2024, Barclays Upgrade their ratings for the stock with a price target of $46. Stock get a Mkt perform rating from Keefe Bruyette on April 19, 2024.
