Synovus Financial (NYSE:SNV) Releases Earnings Results, Beats Expectations By $0.09 EPS

Synovus Financial (NYSE:SNV) announced its earnings results on Wednesday. The bank reported $1.25 EPS for the quarter, topping the consensus estimate of $1.16 by $0.09, Zacks reports. Synovus Financial had a net margin of 10.82% and a return on equity of 13.43%. Synovus Financial updated its FY 2025 guidance to EPS.

Synovus Financial Price Performance

NYSE SNV traded up $2.27 during trading on Wednesday, hitting $55.94. 2,139,213 shares of the company’s stock were exchanged, compared to its average volume of 1,306,353. The stock’s 50 day moving average price is $54.36 and its two-hundred day moving average price is $48.11. Synovus Financial has a fifty-two week low of $33.44 and a fifty-two week high of $59.92. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.42. The company has a market cap of $7.92 billion, a PE ratio of 25.31, a P/E/G ratio of 1.58 and a beta of 1.39.

Synovus Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 19th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Thursday, December 19th. Synovus Financial’s dividend payout ratio is presently 68.78%.

Analysts Set New Price Targets

Several research firms have recently commented on SNV. UBS Group assumed coverage on Synovus Financial in a research report on Tuesday, December 17th. They issued a “buy” rating and a $76.00 target price on the stock. StockNews.com raised Synovus Financial from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Stephens lifted their target price on Synovus Financial from $46.00 to $52.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft started coverage on shares of Synovus Financial in a research report on Monday, December 9th. They issued a “buy” rating and a $64.00 target price for the company. Finally, Citigroup set a $59.00 price target on shares of Synovus Financial in a research report on Friday, October 18th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Synovus Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.86.

About Synovus Financial

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.