Somewhat Positive Media Coverage Somewhat Unlikely to Impact Synovus Financial (SNV) Stock Price

Headlines about Synovus Financial (NYSE:SNV) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Synovus Financial earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 44.6658163937042 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have impacted Accern’s rankings:

Synovus Financial stock opened at $54.73 on Friday. The stock has a market cap of $6.57 billion, a PE ratio of 21.63, a PEG ratio of 1.94 and a beta of 1.06. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97. Synovus Financial has a one year low of $40.27 and a one year high of $57.40.

Synovus Financial (NYSE:SNV) last released its quarterly earnings results on Tuesday, April 24th. The bank reported $0.86 EPS for the quarter, topping the consensus estimate of $0.78 by $0.08. The business had revenue of $341.30 million during the quarter, compared to analyst estimates of $343.04 million. Synovus Financial had a net margin of 19.87% and a return on equity of 12.29%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 earnings per share. equities research analysts predict that Synovus Financial will post 3.58 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Thursday, June 21st will be given a $0.25 dividend. The ex-dividend date is Wednesday, June 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.83%. Synovus Financial’s dividend payout ratio is presently 39.53%.

SNV has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Synovus Financial from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Monday, April 30th. Morgan Stanley upgraded shares of Synovus Financial from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $51.67 to $52.00 in a research note on Wednesday, March 7th. JPMorgan Chase & Co. boosted their target price on shares of Synovus Financial from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, April 26th. ValuEngine upgraded shares of Synovus Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, SunTrust Banks restated a “buy” rating on shares of Synovus Financial in a research report on Tuesday, April 24th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $53.40.

In related news, Director Philip W. Tomlinson bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 21st. The stock was purchased at an average price of $25.00 per share, for a total transaction of $250,000.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $250,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mark G. Holladay bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 21st. The stock was bought at an average price of $25.00 per share, with a total value of $100,000.00. Following the transaction, the vice president now directly owns 4,000 shares in the company, valued at $100,000. The disclosure for this purchase can be found here. Insiders purchased a total of 16,000 shares of company stock valued at $400,000 in the last quarter. 1.50% of the stock is currently owned by insiders.

About Synovus Financial

Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides various financial products and services. It offers integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services. The company's commercial banking services comprise cash management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans.

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