DA Davidson Boosts Earnings Estimates for Synovus Financial

Synovus Financial Corp. (NYSE:SNV) – Equities research analysts at DA Davidson lifted their Q2 2025 earnings per share (EPS) estimates for Synovus Financial in a note issued to investors on Friday, June 27th. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings per share of $1.22 for the quarter, up from their previous forecast of $1.21. DA Davidson has a “Buy” rating and a $60.00 price target on the stock. 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 FY2025 earnings at $5.17 EPS and FY2026 earnings at $5.51 EPS.

Synovus Financial (NYSE:SNV) last announced its quarterly earnings data on Wednesday, April 16th. The bank reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.19. The firm had revenue of $573.24 million for the quarter, compared to analysts’ expectations of $572.35 million. Synovus Financial had a return on equity of 15.87% and a net margin of 16.19%.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley cut their target price on Synovus Financial from $67.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Barclays cut their target price on Synovus Financial from $66.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group started coverage on Synovus Financial in a report on Wednesday, May 21st. They set a “hold” rating and a $55.00 price target on the stock. Truist Financial started coverage on Synovus Financial in a report on Tuesday, May 13th. They set a “buy” rating and a $56.00 price target on the stock. Finally, Raymond James Financial lowered Synovus Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $56.56.

Synovus Financial Stock Performance

SNV stock opened at $51.75 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 1.00 and a beta of 1.18. Synovus Financial has a 1 year low of $35.94 and a 1 year high of $59.92. The stock’s fifty day moving average is $47.20 and its two-hundred day moving average is $48.93.

Synovus Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Thursday, June 19th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Wednesday, June 18th. Synovus Financial’s payout ratio is currently 43.70%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SNV. AQR Capital Management LLC increased its stake in Synovus Financial by 168.2% in the 1st quarter. AQR Capital Management LLC now owns 2,857,222 shares of the bank’s stock worth $130,546,000 after purchasing an additional 1,791,973 shares in the last quarter. Norges Bank purchased a new position in Synovus Financial in the 4th quarter worth about $77,209,000. Invesco Ltd. increased its stake in Synovus Financial by 201.0% in the 1st quarter. Invesco Ltd. now owns 820,782 shares of the bank’s stock worth $38,363,000 after purchasing an additional 548,092 shares in the last quarter. FMR LLC increased its stake in Synovus Financial by 3.6% in the 4th quarter. FMR LLC now owns 12,041,625 shares of the bank’s stock worth $616,892,000 after purchasing an additional 415,201 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in Synovus Financial by 349.4% in the 4th quarter. Prudential Financial Inc. now owns 529,147 shares of the bank’s stock worth $27,108,000 after purchasing an additional 411,411 shares in the last quarter. 83.85% of the stock is owned by institutional investors and hedge funds.

Synovus Financial Company Profile

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.