Synovus Financial Corp. (NYSE: SNV) has a higher price-to-earnings ratio of 13.14x compared to its average ratio, The 36-month beta value for SNV is at 1.42. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 13 as “hold,” and 1 as “sell.”
The public float for SNV is 145.58M, and currently, shorts hold a 4.33% of that float. The average trading volume for SNV on May 08, 2024 was 1.43M shares.
SNV) stock’s latest price update
The stock of Synovus Financial Corp. (NYSE: SNV) has decreased by -0.83 when compared to last closing price of 38.70.Despite this, the company has seen a gain of 7.24% in its stock price over the last five trading days. 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
SNV’s stock has risen by 7.24% in the past week, with a monthly drop of -1.67% and a quarterly rise of 8.57%. The volatility ratio for the week is 2.50% while the volatility levels for the last 30 days are 2.74% for Synovus Financial Corp. The simple moving average for the last 20 days is 4.48% for SNV’s stock, with a simple moving average of 13.95% for the last 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 1.33% 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 -6.21% of loss for the given period.
Volatility was left at 2.74%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares sank -2.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.01% upper at present.
During the last 5 trading sessions, SNV rose by +7.24%, which changed the moving average for the period of 200-days by +18.17% in comparison to the 20-day moving average, which settled at $36.70. In addition, Synovus Financial Corp. saw 1.94% 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:
- 0.32 for the present operating margin
- 0.86 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 0.42. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is 0.73.
Currently, EBITDA for the company is 2.69 billion with net debt to EBITDA at 0.02. When we switch over and look at the enterprise to sales, we see a ratio of 2.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.17.
Conclusion
In conclusion, Synovus Financial Corp. (SNV) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
