Media headlines about Synovus Financial (NYSE:SNV) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Synovus Financial earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 45.7845754345736 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern’s scoring:
Synovus Financial (NYSE SNV) traded up $0.40 during trading on Friday, reaching $50.96. 639,061 shares of the company traded hands, compared to its average volume of 727,987. Synovus Financial has a 12-month low of $37.95 and a 12-month high of $51.18. The stock has a market cap of $6,090.48, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.99.
Synovus Financial (NYSE:SNV) last released its earnings results on Tuesday, October 17th. The bank reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The company had revenue of $398.01 million during the quarter, compared to the consensus estimate of $331.27 million. Synovus Financial had a net margin of 21.39% and a return on equity of 10.44%. During the same quarter in the previous year, the firm earned $0.65 EPS. sell-side analysts predict that Synovus Financial will post 2.46 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Thursday, December 21st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Wednesday, December 20th. Synovus Financial’s payout ratio is currently 24.19%.
SNV has been the subject of several analyst reports. Zacks Investment Research raised shares of Synovus Financial from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Tuesday, December 26th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $53.00 price objective on shares of Synovus Financial in a research note on Friday, December 22nd. Robert W. Baird reissued an “average” rating and set a $47.00 price objective on shares of Synovus Financial in a research note on Wednesday, January 3rd. SunTrust Banks restated a “buy” rating and set a $54.00 target price on shares of Synovus Financial in a research report on Wednesday, November 29th. Finally, Barclays raised their target price on shares of Synovus Financial from $49.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $47.30.
In related news, Director Philip W. Tomlinson sold 1,052 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $48.82, for a total transaction of $51,358.64. Following the completion of the sale, the director now owns 27,139 shares in the company, valued at approximately $1,324,925.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP R Dallis Copeland, Jr. sold 10,000 shares of the stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $46.29, for a total transaction of $462,900.00. Following the sale, the executive vice president now owns 43,488 shares of the company’s stock, valued at approximately $2,013,059.52. The disclosure for this sale can be found here. Insiders sold a total of 13,177 shares of company stock valued at $614,367 over the last ninety days. Company insiders own 1.50% of the company’s stock.
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About Synovus Financial
Synovus Financial Corp. is a financial services company and a bank holding company. The Company provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services, to its customers through locally branded banking divisions of its subsidiary bank, Synovus Bank (the Bank), and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee.
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