$0.88 EPS Expected for Synovus Financial Corp. (SNV)

June 20, 2018 - By Tina Thibodeau

Synovus Financial Corp. (NYSE:SNV) LogoInvestors sentiment decreased to 1 in Q1 2018. Its down Infinity, from Infinity in 2017Q4. It fall, as 0 investors sold Synovus Financial Corp. shares while 1 reduced holdings. 0 funds opened positions while 1 raised stakes. 44,454 shares or 36.24% less from 69,726 shares in 2017Q4 were reported.
32,400 are held by American Rech And Mgmt Communications. Moreover, Kcm Inv Advsrs Limited Liability Corporation has 0.02% invested in Synovus Financial Corp. (NYSE:SNV) for 12,054 shares.

Since February 1, 2018, it had 0 insider purchases, and 3 selling transactions for $482,559 activity. Perry Curtis J sold 2,000 shares worth $108,720. HOLLADAY MARK G also sold $250,800 worth of Synovus Financial Corp. (NYSE:SNV) on Thursday, February 1.

Analysts expect Synovus Financial Corp. (NYSE:SNV) to report $0.88 EPS on July, 17.They anticipate $0.28 EPS change or 46.67 % from last quarter’s $0.6 EPS. SNV’s profit would be $104.41 million giving it 15.74 P/E if the $0.88 EPS is correct. After having $0.86 EPS previously, Synovus Financial Corp.’s analysts see 2.33 % EPS growth. The stock decreased 0.25% or $0.14 during the last trading session, reaching $55.4. About 416,719 shares traded. Synovus Financial Corp. (NYSE:SNV) has risen 29.99% since June 21, 2017 and is uptrending. It has outperformed by 17.42% the S&P500.

Synovus Financial Corp. (NYSE:SNV) Ratings Coverage

Among 14 analysts covering Synovus (NYSE:SNV), 5 have Buy rating, 0 Sell and 9 Hold. Therefore 36% are positive. Synovus had 22 analyst reports since December 21, 2017 according to SRatingsIntel. The stock has “Buy” rating by SunTrust on Tuesday, January 23. The stock of Synovus Financial Corp. (NYSE:SNV) has “Underperform” rating given on Friday, January 26 by Morgan Stanley. The rating was maintained by Robert W. Baird on Tuesday, January 2 with “Hold”. The rating was upgraded by Morgan Stanley to “Equal-Weight” on Wednesday, March 7. SunTrust maintained Synovus Financial Corp. (NYSE:SNV) rating on Monday, January 8. SunTrust has “Buy” rating and $60.0 target. On Tuesday, January 23 the stock rating was maintained by Sandler O’Neill with “Buy”. Barclays Capital maintained it with “Hold” rating and $53.0 target in Tuesday, January 2 report. The firm has “Market Perform” rating given on Wednesday, April 25 by Wells Fargo. The firm has “Buy” rating given on Wednesday, January 24 by Stephens. The rating was maintained by Jefferies on Monday, January 8 with “Hold”.

Synovus Financial Corp. operates as the bank holding firm for Synovus Bank that provides various financial services and products. The company has market cap of $6.57 billion. It offers integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services. It has a 22.66 P/E ratio. The companyÂ’s commercial banking services comprise cash management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans.

More recent Synovus Financial Corp. (NYSE:SNV) news were published by: Businesswire.com which released: “Synovus Announces Commencement of $150 Million Preferred Stock Public Offering” on June 12, 2018. Also Bizjournals.com published the news titled: “Gun-control advocates target Bank of America on Remington deal after Santa Fe shooting” on May 24, 2018. Streetinsider.com‘s news article titled: “Synovus Financial (SNV) Declares $0.25 Quarterly Dividend; 1.8% Yield” with publication date: May 10, 2018 was also an interesting one.

Synovus Financial Corp. (NYSE:SNV) Ratings Chart

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