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Is Synovus Financial Corp. (SNV) a Keeper?

Synovus Financial Corp. (NYSE:SNV) went down by -4.93% from its latest closing price compared to the recent 1-year high of $54.40. The company’s stock price has collected -4.27% of loss in the last five trading sessions. The Wall Street Journal reported on 01/20/22 that Netflix, Alibaba, Ford, Travelers: What to Watch in the Stock Market Today

Is It Worth Investing in Synovus Financial Corp. (NYSE :SNV) Right Now?

Synovus Financial Corp. (NYSE:SNV) scored a price-to-earnings ratio above its average ratio, recording 7.54 x from its present earnings ratio. Plus, the 36-month beta value for SNV is at 1.37. Opinions of the stock are interesting as 10 analysts out of 15 who provided ratings for Synovus Financial Corp. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $46.73, which is $10.0 above the current price. SNV currently public float of 143.47M and currently shorts hold a 2.92% ratio of that float. Today, the average trading volume of SNV was 1.18M shares.

SNV’s Market Performance

SNV stocks went down by -4.27% for the week, with a monthly jump of 1.31% and a quarterly performance of -10.82%, while its annual performance rate touched -31.01%. The volatility ratio for the week stands at 2.80% while the volatility levels for the past 30 days are set at 2.46% for Synovus Financial Corp. The simple moving average for the period of the last 20 days is -1.48% for SNV stocks with a simple moving average of -7.91% for the last 200 days.

Analysts’ Opinion of SNV

Many brokerage firms have already submitted their reports for SNV stocks, with Morgan Stanley repeating the rating for SNV by listing it as a “Equal-Weight.” The predicted price for SNV in the upcoming period, according to Morgan Stanley is $44 based on the research report published on December 05th of the previous year 2022.

JP Morgan, on the other hand, stated in their research note that they expect to see SNV reach a price target of $56, previously predicting the price at $53. The rating they have provided for SNV stocks is “Overweight” according to the report published on December 15th, 2021.

Seaport Global Securities gave a rating of “Buy” to SNV, setting the target price at $53 in the report published on March 24th of the previous year.

SNV Trading at -6.32% from the 50-Day Moving Average

After a stumble in the market that brought SNV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.95% of loss for the given period.

Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.80%, as shares surge +3.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.37% lower at present.

During the last 5 trading sessions, SNV fell by -4.27%, which changed the moving average for the period of 200-days by -24.45% in comparison to the 20-day moving average, which settled at $37.63. In addition, Synovus Financial Corp. saw -1.41% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SNV starting from KAMENSKY ALLAN E, who sale 663 shares at the price of $43.80 back on Nov 14. After this action, KAMENSKY ALLAN E now owns 5,090 shares of Synovus Financial Corp., valued at $29,039 using the latest closing price.

PROCHASKA JOSEPH J JR, the Director of Synovus Financial Corp., purchase 1,000 shares at $41.38 during a trade that took place back on May 10, which means that PROCHASKA JOSEPH J JR is holding 31,109 shares at $41,380 based on the most recent closing price.

Stock Fundamentals for SNV

Current profitability levels for the company are sitting at:

  • +47.35 for the present operating margin

The net margin for Synovus Financial Corp. stands at +36.12. Equity return is now at value 17.10, with 1.30 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 0.09.