Synovus Financial Corp. which can be found using ticker (SNV) now have 15 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 55 and 33 calculating the average target price we see $45.23. Given that the stocks previous close was at $28.58 this is indicating there is a potential upside of 58.3%. Also worth taking note is the 50 day moving average now sits at $38.82 and the 200 moving average now moves to $39.19. The company has a market capitalization of $4,314m. You can visit the company’s website by visiting: https://www.synovus.com
The potential market cap would be $6,827m based on the market consensus.
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 loans. Its consumer 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 trust and financial planning services, as well as provides individual investment advice on equity and other securities. The company was founded in 1888 and is headquartered in Columbus, Georgia.
The company has a dividend yield of 5.32% with the ex dividend date set at 15-3-2023 (DMY).
Other points of data to note are a P/E ratio of 5.77, revenue per share of 14.6 and a 1.29% return on assets.
