DA Davidson Expects Weaker Earnings for Synovus Financial

Synovus Financial Corp. (NYSE:SNV) – Equities research analysts at DA Davidson cut their Q1 2025 earnings estimates for Synovus Financial in a note issued to investors on Wednesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings per share of $1.05 for the quarter, down from their previous forecast of $1.06. The consensus estimate for Synovus Financial’s current full-year earnings is $4.89 per share. DA Davidson also issued estimates for Synovus Financial’s FY2026 earnings at $5.39 EPS.

Other analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft began coverage on Synovus Financial in a research report on Monday, December 9th. They issued a “buy” rating and a $64.00 price target for the company. JPMorgan Chase & Co. raised their target price on shares of Synovus Financial from $60.50 to $62.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. UBS Group assumed coverage on shares of Synovus Financial in a report on Tuesday, December 17th. They set a “buy” rating and a $76.00 price target on the stock. Citigroup raised their price objective on shares of Synovus Financial from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, Raymond James lowered Synovus Financial from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Synovus Financial has an average rating of “Moderate Buy” and an average price target of $58.67.

Synovus Financial Price Performance

NYSE:SNV opened at $46.78 on Thursday. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.11 and a beta of 1.36. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.88 and a quick ratio of 0.88. The business has a 50 day simple moving average of $51.05 and a 200-day simple moving average of $51.17. Synovus Financial has a 1 year low of $33.44 and a 1 year high of $59.92.

Synovus Financial (NYSE:SNV) last announced its earnings results on Wednesday, January 15th. The bank reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.09. The firm had revenue of $580.58 million for the quarter, compared to analysts’ expectations of $566.83 million. Synovus Financial had a net margin of 14.05% and a return on equity of 14.70%. The business’s revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 EPS.

Synovus Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 20th were given a dividend of $0.39 per share. This is an increase from Synovus Financial’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, March 20th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.33%. Synovus Financial’s dividend payout ratio is presently 51.15%.

Institutional Trading of Synovus Financial

Several institutional investors and hedge funds have recently made changes to their positions in SNV. FMR LLC increased its position in Synovus Financial by 3.6% during the 4th quarter. FMR LLC now owns 12,041,625 shares of the bank’s stock valued at $616,892,000 after purchasing an additional 415,201 shares during the period. Wellington Management Group LLP boosted its stake in shares of Synovus Financial by 12.8% during the third quarter. Wellington Management Group LLP now owns 9,674,226 shares of the bank’s stock valued at $430,213,000 after purchasing an additional 1,095,557 shares in the last quarter. State Street Corp raised its stake in Synovus Financial by 3.2% in the third quarter. State Street Corp now owns 6,561,056 shares of the bank’s stock worth $294,255,000 after buying an additional 201,362 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Synovus Financial by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,109,856 shares of the bank’s stock worth $261,778,000 after buying an additional 117,242 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Synovus Financial by 0.9% during the third quarter. Geode Capital Management LLC now owns 2,419,737 shares of the bank’s stock worth $107,633,000 after buying an additional 22,549 shares during the period. 83.85% of the stock is currently owned by institutional investors.

Synovus Financial Company Profile

Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services. It operates through four segments: Community Banking, Wholesale Banking, Consumer Banking, and Financial Management Services. The company's commercial banking services include treasury and asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate lending services.