Analyzing the Price-to-Earnings Ratio of Synovus Financial Corp. (SNV)

BLFR

The price-to-earnings ratio for Synovus Financial Corp. (NYSE: SNV) is above average at 12.54x. The 36-month beta value for SNV is also noteworthy at 1.43. 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 145.34M, and at present, short sellers hold a 4.24% of that float. The average trading volume of SNV on April 24, 2024 was 1.51M shares.

SNV) stock’s latest price update

Synovus Financial Corp. (NYSE: SNV) has experienced a rise in its stock price by 2.66 compared to its previous closing price of 35.68. CNBC Television reported 2024-04-19 that Kevin Blair, Synovus CEO, joins ‘Money Movers’ to discuss if the industry’s guidance on net charge-offs is too conservative, what gives investors more confidence in regional banks, and more.

SNV’s Market Performance

Synovus Financial Corp. (SNV) has seen a 0.00% fall in stock performance for the week, with a -5.03% decline in the past month and a -3.96% plunge in the past quarter. The volatility ratio for the week is 3.80%, and the volatility levels for the past 30 days are at 2.72% for SNV.. The simple moving average for the past 20 days is -2.64% for SNV’s stock, with a 9.45% simple moving average for the past 200 days.

Analysts’ Opinion of SNV

Many brokerage firms have already submitted their reports for SNV stocks, with Keefe Bruyette repeating the rating for SNV by listing it as a “Mkt Perform.” The predicted price for SNV in the upcoming period, according to Keefe Bruyette is $38 based on the research report published on April 19, 2024 of the current year 2024.

Barclays gave a rating of “Equal Weight” to SNV, setting the target price at $42 in the report published on March 08th of the current year.

SNV Trading at -3.11% 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 -10.48% of loss for the given period.

Volatility was left at 2.72%, however, over the last 30 days, the volatility rate increased by 3.80%, as shares sank -5.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.83% upper at present.

During the last 5 trading sessions, SNV remain unchanged, which changed the moving average for the period of 200-days by +18.74% in comparison to the 20-day moving average, which settled at $37.52. In addition, Synovus Financial Corp. saw -2.71% 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 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:

  • 0.24 for the present operating margin
  • 0.93 for the gross margin

The net margin for Synovus Financial Corp. stands at 0.2. The total capital return value is set at 0.02. Equity return is now at value 9.52, with 0.77 for asset returns.

Based on Synovus Financial Corp. (SNV), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.53. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is 0.84.

Currently, EBITDA for the company is 2.69 billion with net debt to EBITDA at 3.21. When we switch over and look at the enterprise to sales, we see a ratio of 4.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.08.

Conclusion

In summary, Synovus Financial Corp. (SNV) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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