DA Davidson Forecasts Lower Earnings for Synovus Financial

Synovus Financial Corp. (NYSE:SNV) – Equities researchers at DA Davidson reduced their Q3 2025 earnings per share (EPS) estimates for shares of Synovus Financial in a research note issued on Monday, September 29th. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings per share of $1.35 for the quarter, down from their previous estimate of $1.36. DA Davidson has a “Buy” rating and a $63.00 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 FY2026 earnings at $5.57 EPS.

Several other equities analysts have also recently weighed in on the company. Raymond James Financial cut Synovus Financial from a “moderate buy” rating to a “hold” rating in a report on Monday, July 28th. Morgan Stanley raised their price target on Synovus Financial from $58.00 to $61.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. JPMorgan Chase & Co. raised their price target on Synovus Financial from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Keefe, Bruyette & Woods cut Synovus Financial from an “outperform” rating to a “market perform” rating and cut their price target for the company from $65.00 to $50.00 in a report on Tuesday, August 12th. Finally, Wall Street Zen upgraded Synovus Financial from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.61.

Synovus Financial Stock Down 0.4%

Shares of SNV opened at $49.09 on Tuesday. The business’s 50 day moving average is $50.18 and its 200 day moving average is $48.43. The company has a market capitalization of $6.81 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.83 and a beta of 1.22. Synovus Financial has a 12-month low of $35.94 and a 12-month high of $61.06. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.77.

Synovus Financial (NYSE:SNV) last issued its earnings results on Wednesday, July 16th. The bank reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.23. The company had revenue of $592.08 million for the quarter, compared to the consensus estimate of $584.89 million. Synovus Financial had a return on equity of 16.20% and a net margin of 21.52%.During the same quarter last year, the company earned $1.16 EPS. Synovus Financial has set its FY 2025 guidance at EPS.

Synovus Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Thursday, September 18th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, September 18th. Synovus Financial’s dividend payout ratio (DPR) is currently 29.94%.

Insiders Place Their Bets

In other Synovus Financial news, Director Diana M. Murphy purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The stock was purchased at an average cost of $48.80 per share, with a total value of $48,800.00. Following the purchase, the director owned 40,171 shares of the company’s stock, valued at approximately $1,960,344.80. The trade was a 2.55% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory G. Montana purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of $46.74 per share, with a total value of $46,740.00. Following the completion of the purchase, the director directly owned 4,341 shares in the company, valued at $202,898.34. The trade was a 29.93% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 8,040 shares of company stock valued at $392,916 over the last quarter. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Synovus Financial

A number of institutional investors and hedge funds have recently bought and sold shares of SNV. Elevation Point Wealth Partners LLC bought a new stake in Synovus Financial during the 2nd quarter valued at $31,000. Armstrong Advisory Group Inc. bought a new stake in Synovus Financial during the 2nd quarter valued at $41,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Synovus Financial during the 1st quarter valued at $47,000. IFP Advisors Inc raised its position in Synovus Financial by 650.4% during the 2nd quarter. IFP Advisors Inc now owns 1,058 shares of the bank’s stock valued at $60,000 after purchasing an additional 917 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in Synovus Financial during the 2nd quarter valued at $60,000. 83.85% of the stock is 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.