DA Davidson Forecasts Lower Earnings for Synovus Financial

Synovus Financial Corp. (NYSE:SNV) – Analysts at DA Davidson cut their Q1 2025 earnings per share estimates for Synovus Financial in a research note issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings of $1.05 per share for the quarter, down from their prior estimate of $1.06. The consensus estimate for Synovus Financial’s current full-year earnings is $4.89 per share. DA Davidson also issued estimates for Synovus Financial’s FY2026 earnings at $5.39 EPS.

Synovus Financial (NYSE:SNV) last posted its earnings results on Wednesday, January 15th. The bank reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. The firm had revenue of $580.58 million during the quarter, compared to the consensus estimate of $566.83 million. Synovus Financial had a net margin of 14.05% and a return on equity of 14.70%. The company’s revenue was up 18.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS.

Several other brokerages also recently issued reports on SNV. Royal Bank of Canada reiterated an “outperform” rating and issued a $64.00 price target on shares of Synovus Financial in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft began coverage on Synovus Financial in a research report on Monday, December 9th. They set a “buy” rating and a $64.00 price target on the stock. Morgan Stanley lowered their price objective on shares of Synovus Financial from $67.00 to $59.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Piper Sandler boosted their target price on shares of Synovus Financial from $56.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Citigroup raised their price target on shares of Synovus Financial from $59.00 to $62.00 and gave the company a “buy” rating in a report on Friday, January 17th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Synovus Financial presently has a consensus rating of “Moderate Buy” and an average price target of $58.67.

Synovus Financial Price Performance

Synovus Financial stock opened at $38.21 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $5.39 billion, a P/E ratio of 12.53, a PEG ratio of 1.11 and a beta of 1.16. The firm has a fifty day moving average of $50.40 and a 200-day moving average of $51.04. Synovus Financial has a 52-week low of $33.44 and a 52-week high of $59.92.

Synovus Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 20th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend was Thursday, March 20th. This is an increase from Synovus Financial’s previous quarterly dividend of $0.38. Synovus Financial’s dividend payout ratio (DPR) is currently 51.15%.

Institutional Investors Weigh In On Synovus Financial

A number of institutional investors have recently made changes to their positions in SNV. Colonial Trust Co SC boosted its holdings in Synovus Financial by 554.4% in the fourth quarter. Colonial Trust Co SC now owns 589 shares of the bank’s stock worth $30,000 after purchasing an additional 499 shares during the period. Keystone Financial Group Inc. bought a new stake in shares of Synovus Financial during the 4th quarter valued at about $37,000. Quarry LP acquired a new stake in Synovus Financial during the third quarter worth about $41,000. Jones Financial Companies Lllp lifted its holdings in Synovus Financial by 72.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,095 shares of the bank’s stock worth $56,000 after acquiring an additional 461 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in Synovus Financial by 69.3% in the fourth quarter. V Square Quantitative Management LLC now owns 1,138 shares of the bank’s stock valued at $58,000 after acquiring an additional 466 shares during the period. 83.85% of the stock is currently owned by institutional investors.

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.