Synovus Financial Corp. (SNV) Beta Value: Understanding the Market Risk

The price-to-earnings ratio for Synovus Financial Corp. (NYSE: SNV) is above average at 10.98x. The 36-month beta value for SNV is also noteworthy at 1.42. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 13 rating it as “hold,” and 1 rating it as “sell.”

The public float for SNV is 145.29M, and at present, short sellers hold a 3.98% of that float. The average trading volume of SNV on April 04, 2024 was 1.48M shares.

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SNV) stock’s latest price update

The stock of Synovus Financial Corp. (NYSE: SNV) has decreased by -0.21 when compared to last closing price of 38.08. Despite this, the company has experienced a -1.30% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-27 that S&P Ratings downgrades the outlook on First Commonwealth, M&T Bank (MTB), Synovus (SNV), Trustmark (TRMK) and Valley National (VLY) to negative from stable.

SNV’s Market Performance

Synovus Financial Corp. (SNV) has experienced a -1.30% fall in stock performance for the past week, with a -0.91% drop in the past month, and a 1.28% rise in the past quarter. The volatility ratio for the week is 2.40%, and the volatility levels for the past 30 days are at 2.49% for SNV. The simple moving average for the last 20 days is -2.51% for SNV stock, with a simple moving average of 15.17% for the last 200 days.

Analysts’ Opinion of SNV

Many brokerage firms have already submitted their reports for SNV stocks, with Barclays repeating the rating for SNV by listing it as a “Equal Weight.” The predicted price for SNV in the upcoming period, according to Barclays is $42 based on the research report published on March 08, 2024 of the current year 2024.

UBS, on the other hand, stated in their research note that they expect to see SNV reach a price target of $42. The rating they have provided for SNV stocks is “Buy” according to the report published on January 08th, 2024.

Evercore ISI gave a rating of “In-line” to SNV, setting the target price at $40 in the report published on January 03rd of the current year.

SNV Trading at 0.24% 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 -7.14% of loss for the given period.

Volatility was left at 2.49%, however, over the last 30 days, the volatility rate increased by 2.40%, as shares sank -4.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.12% lower at present.

During the last 5 trading sessions, SNV fell by -1.30%, which changed the moving average for the period of 200-days by +20.94% in comparison to the 20-day moving average, which settled at $38.88. In addition, Synovus Financial Corp. saw 0.93% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SNV starting from Hurley Jill K, who sale 4,808 shares at the price of $37.29 back on Feb 28 ’24. After this action, Hurley Jill K now owns 5,137 shares of Synovus Financial Corp., valued at $179,298 using the latest closing price.

Bentsen Tim E, the Director of Synovus Financial Corp., sale 4,671 shares at $38.62 during a trade that took place back on Jan 24 ’24, which means that Bentsen Tim E is holding 33,144 shares at $180,394 based on the most recent closing price.

Stock Fundamentals for SNV

Current profitability levels for the company are sitting at:

  • 0.42 for the present operating margin
  • 0.88 for the gross margin

The net margin for Synovus Financial Corp. stands at 0.27. The total capital return value is set at 0.01. Equity return is now at value 11.33, with 0.91 for asset returns.

Based on Synovus Financial Corp. (SNV), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.65. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is 0.94.

Currently, EBITDA for the company is 2.69 billion with net debt to EBITDA at -0.14. When we switch over and look at the enterprise to sales, we see a ratio of 2.59. The receivables turnover for the company is 4.07for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.24.

Conclusion

In summary, Synovus Financial Corp. (SNV) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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