Synovus Financial Corp. (NYSE:SNV) Earns Daily News Sentiment Score of 0.19
Press coverage about Synovus Financial Corp. (NYSE:SNV) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Synovus Financial Corp. earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.4290819082161 out of 100, meaning that recent press 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 stories that may have effected Accern Sentiment Analysis’s scoring:
- Form S-3ASR SYNOVUS FINANCIAL CORP (streetinsider.com)
- IHS Markit Score downgrades Synovus Financial Corp to 42 out of 100, ranking positively in two out of three available IHS Markit categories. (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Synovus Financial Corp. (finance.yahoo.com)
- Synovus Financial Corp. Fixed- (SNV-C) Price Drops Below Balance Step – Stock Press Daily (stockpressdaily.com)
SNV has been the topic of a number of research analyst reports. Stephens reissued a “buy” rating and set a $46.00 price objective on shares of Synovus Financial Corp. in a report on Wednesday, July 19th. Zacks Investment Research raised shares of Synovus Financial Corp. from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Wednesday, July 19th. ValuEngine raised shares of Synovus Financial Corp. from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Bank of America Corporation raised shares of Synovus Financial Corp. from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Thursday, May 11th. Finally, Barclays PLC reissued an “equal weight” rating and set a $44.00 price objective (up from $42.00) on shares of Synovus Financial Corp. in a report on Saturday, April 22nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $42.78.
Synovus Financial Corp. (NYSE:SNV) opened at 42.10 on Friday. The company’s 50 day moving average is $43.87 and its 200 day moving average is $42.35. Synovus Financial Corp. has a 52-week low of $31.24 and a 52-week high of $45.38. The firm has a market cap of $5.12 billion, a P/E ratio of 19.12 and a beta of 1.12.
Synovus Financial Corp. (NYSE:SNV) last released its quarterly earnings data on Tuesday, July 18th. The bank reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $319.80 million for the quarter, compared to the consensus estimate of $317.81 million. Synovus Financial Corp. had a net margin of 20.68% and a return on equity of 9.88%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 earnings per share. Equities research analysts forecast that Synovus Financial Corp. will post $2.46 EPS for the current fiscal year.
In related news, EVP Kevin Joseph Howard sold 7,000 shares of the business’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $43.37, for a total transaction of $303,590.00. Following the sale, the executive vice president now owns 46,490 shares of the company’s stock, valued at $2,016,271.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Curtis J. Perry sold 7,062 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $43.86, for a total transaction of $309,739.32. Following the sale, the executive vice president now directly owns 60,038 shares in the company, valued at approximately $2,633,266.68. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.
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Synovus Financial Corp. 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.
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