Synovus Financial (SNV) Receiving Somewhat Favorable News Coverage, Study Finds

News stories about Synovus Financial (NYSE:SNV) have been trending somewhat positive on Tuesday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Synovus Financial earned a news impact score of 0.13 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 46.8851822904563 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Several brokerages have issued reports on SNV. Morgan Stanley increased their price objective on shares of Synovus Financial from $50.00 to $52.00 and gave the company an “underperform” rating in a research report on Friday, January 26th. Barclays increased their price objective on shares of Synovus Financial from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Stephens reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Synovus Financial in a research report on Wednesday, January 24th. Bank of America increased their price objective on shares of Synovus Financial from $55.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, Hovde Group reaffirmed a “hold” rating and issued a $53.00 price objective on shares of Synovus Financial in a research report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $51.92.

Synovus Financial (SNV) traded up $0.55 during trading on Tuesday, hitting $49.23. The stock had a trading volume of 1,140,541 shares, compared to its average volume of 941,486. The stock has a market cap of $5,890.00, a PE ratio of 22.69, a P/E/G ratio of 1.85 and a beta of 1.12. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.97 and a current ratio of 0.97. Synovus Financial has a 12 month low of $37.95 and a 12 month high of $52.08.

Synovus Financial (NYSE:SNV) last released its earnings results on Tuesday, January 23rd. The bank reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.05. The company had revenue of $339.07 million during the quarter, compared to analysts’ expectations of $338.60 million. Synovus Financial had a return on equity of 11.20% and a net margin of 18.27%. The business’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. equities analysts forecast that Synovus Financial will post 3.42 EPS for the current year.

Synovus Financial declared that its board has approved a stock buyback plan on Tuesday, January 23rd that allows the company to buyback $150.00 million in shares. This buyback authorization allows the bank to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

In related news, Director Philip W. Tomlinson sold 1,052 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $48.82, for a total transaction of $51,358.64. Following the transaction, the director now directly owns 27,139 shares in the company, valued at $1,324,925.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Allen J. Gula sold 2,450 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $50.22, for a total value of $123,039.00. Following the transaction, the chief operating officer now owns 70,111 shares in the company, valued at $3,520,974.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,502 shares of company stock valued at $425,198. Company insiders own 1.50% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Synovus Financial (SNV) Receiving Somewhat Favorable News Coverage, Study Finds” was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.com-unik.info/2018/02/06/synovus-financial-snv-receiving-somewhat-favorable-news-coverage-study-finds.html.

Synovus Financial Company Profile

Synovus Financial Corp. is a financial services company and a bank holding company. The Company provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services, to its customers through locally branded banking divisions of its subsidiary bank, Synovus Bank (the Bank), and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee.

Insider Buying and Selling by Quarter for Synovus Financial (NYSE:SNV)

Receive News & Ratings for Synovus Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synovus Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit