Synovus Financial (SNV) : 2 brokerage houses believe that Synovus Financial (SNV) is a Strong Buy at current levels. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Synovus Financial (SNV). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 12 Wall Street Analysts endorse the stock as a Hold with a rating of 3.03.
Synovus Financial (SNV) : 10 investment research analysts covering Synovus Financial (SNV) have an average price target of $31.8 for the near short term. The highest target price given by the Brokerage Firm to the stock is $35 and the lowest target is $29 for the short term. Analysts expect the variance to be within $1.97 of the average price.
Company shares have received an average consensus rating of Hold for the current week Synovus Financial (NYSE:SNV): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.42 and $31.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.36, notching a gain of 0.19% for the day. The total traded volume was 608,014 . The stock had closed at $31.30 on the previous day.
In a related news, 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 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.