Synovus Financial Corp. (SNV) : Mendon Capital Advisors Corp scooped up 50,000 additional shares in Synovus Financial Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 325,000 shares of Synovus Financial Corp. which is valued at $9,909,250.Synovus Financial Corp. makes up approximately 1.80% of Mendon Capital Advisors Corp’s portfolio.
Other Hedge Funds, Including , Mutual Of America Capital Management boosted its stake in SNV in the latest quarter, The investment management firm added 4,988 additional shares and now holds a total of 92,542 shares of Synovus Financial Corp. which is valued at $2,821,606. Synovus Financial Corp. makes up approx 0.06% of Mutual Of America Capital Management’s portfolio. Spot Trading L.l.c added SNV to its portfolio by purchasing 4,654 company shares during the most recent quarter which is valued at $141,900. Synovus Financial Corp. makes up approx 0.02% of Spot Trading L.l.c’s portfolio.Quadrant Capital Group boosted its stake in SNV in the latest quarter, The investment management firm added 41 additional shares and now holds a total of 446 shares of Synovus Financial Corp. which is valued at $13,576. Synovus Financial Corp. makes up approx 0.01% of Quadrant Capital Group’s portfolio.Achievement Holdings boosted its stake in SNV in the latest quarter, The investment management firm added 190,500 additional shares and now holds a total of 1,030,500 shares of Synovus Financial Corp. which is valued at $31,698,180. Synovus Financial Corp. makes up approx 4.07% of Achievement Holdings’s portfolio.
Synovus Financial Corp. closed down -0.1 points or -0.31% at $31.72 with 6,11,149 shares getting traded on Monday. Post opening the session at $31.88, the shares hit an intraday low of $31.67 and an intraday high of $31.99 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Synovus Financial Corp. reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.47. The company had revenue of $289.30 million for the quarter, compared to analysts expectations of $288.32 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.
Many Wall Street Analysts have commented on Synovus Financial Corp.. Synovus Financial Corp. was Downgraded by BofA/Merrill to ” Neutral” on Jun 29, 2016.
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 Company’s commercial banking services include cash management asset management capital markets services institutional trust services and commercial financial and real estate loans.