Analyst Price Target Update on Synovus Financial (NYSE:SNV)

Synovus Financial (NYSE:SNV): 10 Analyst have given the stock of Synovus Financial (NYSE:SNV) a near short term price target of $32.55. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $2.11. The higher price target estimate is at $35 while the lower price estimates are fixed at $29.

Many analysts have stated their opinion on the company shares. Raymond James downgrades their rating on the shares of Synovus Financial (NYSE:SNV). The current rating of the shares is Market Perform. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on April 20, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The officer (EVP/Chief Banking Officer), of Synovus Financial Corp, Copeland R Dallis Jr had unloaded 8,000 shares at $30.1 per share in a transaction on May 17, 2016. The total value of transaction was $240,800. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Synovus Financial (NYSE:SNV) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.52 points or 1.68% at $30.4 with 1,357,751 shares getting traded. Post opening the session at $30.8, the shares hit an intraday low of $30.33 and an intraday high of $30.94 and the price was in this range throughout the day. The company has a market cap of $3,815 million and the number of outstanding shares have been calculated to be 125,500,300 shares. The 52-week high of Synovus Financial (NYSE:SNV) is $33.8 and the 52-week low is $25.48.

Synovus Financial Corp. (Synovus) is a financial services 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 28 locally branded banking divisions of its wholly owned subsidiary bank, Synovus Bank, and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee. Its retail banking services include accepting customary types of demand and savings deposits; mortgage, installment and other retail loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet-based banking services, and bank credit card services, including MasterCard and Visa services. The Companys commercial banking services include cash management, asset management, capital markets services, institutional trust services and commercial, financial and real estate loans.

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