Synovus Financial Corp. with ticker code (SNV) have now 13 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 65 and 51.5 with a mean TP of 57.31. Now with the previous closing price of 38.98 this would imply there is a potential upside of 47.0%. The 50 day moving average now sits at 45.96 and the 200 day moving average is 46.72. The company has a market cap of $5,792m. Company Website: https://www.synovus.com
The potential market cap would be $8,515m based on the market concensus.
Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and retail banking products and services. It operates through three segments: Community Banking, Wholesale Banking, and Financial Management Services. The company’s commercial banking services include treasury management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans. Its retail banking services comprise accepting customary types of demand and savings deposits accounts; mortgage, installment, and other consumer loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet-based banking services; and bank credit and debit card services. The company also offers various other financial services, including portfolio management for fixed-income securities, investment banking, execution of securities transactions as a broker/dealer, and financial planning services, as well as provides individual investment advice on equity and other securities. As of December 31, 2020, it operated through 289 branches and 389 ATMs in Alabama, Florida, Georgia, South Carolina, and Tennessee. The company was founded in 1888 and is headquartered in Columbus, Georgia.
