Synovus Financial Corp. (SNV) Stock Rating Reaffirmed by Jefferies Group LLC

Bank of America Corporation raised shares of Synovus Financial Corp. from a "neutral" rating to a "buy" rating and set a $23.00 target price for the company in a research note on Thursday, May 11th. The broker set "Outperform" rating on the stock. (NYSE:SNV) has "Equal Weight" rating given on Tuesday, December 6 by Barclays Capital. Zacks Investment Research downgraded Synovus Financial Corp. from a "buy" rating to a "hold" rating in a report on Thursday, July 13th.

05/11/2017 - Synovus Financial Corp. was upgraded to "buy" by analysts at Bank of America Merrill Lynch. About shares traded. Synovus Financial Corp. (NYSE:SNV), 5 have Buy rating, 1 Sell and 9 Hold. Synovus Financial Corp. now has a consensus rating of "Hold" and a consensus target price of $40.29. Synovus Financial Corp. has a 52 week low of $29.37 and a 52 week high of $45.38. (SNV) opened at 44.57 on Monday. The stock's 50 day moving average is $42.32 and its 200-day moving average is $41.78. The stock now has a Market Cap of $5.52B. Morgan Stanley downgraded Synovus Financial Corp. (NYSE:SNV) earned "Neutral" rating by Compass Point on Friday, November 18. (NYSE:SNV) to release earnings on July, 18. The company's quarterly revenue was up 10.5% compared to the same quarter previous year. Raymond James downgraded Synovus Financial Corp. During the same quarter past year, the firm earned $0.43 EPS. Equities research analysts forecast that Synovus Financial Corp. will post $2.42 earnings per share for the current year. "(SNV) Share Price" was first reported by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States and global copyright & trademark law. The correct version of this story can be read at https://www.com-unik.info/2017/07/19/synovus-financial-corp-snv-coverage-initiated-by-analysts-at-royal-bank-of-canada.html.

The business also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Monday, June 12th were given a $0.07 dividend. The relative volume (ratio between current volume and 3-month average) is presently sitting at 1.16. The ex-dividend date was Tuesday, June 13th. Synovus Financial Corp.'s dividend payout ratio (DPR) is 28.99%. After having $0.57 EPS previously, Synovus Financial Corp.'s analysts see 3.51% EPS growth. The shares were sold at an average price of $42.96, for a total transaction of $150,360.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

In related news, EVP Jeffrey Barton Singleton sold 10,500 shares of the firm's stock in a transaction on Friday, April 21st.

Let's also take a brief look at the stock price in relation to some highs/lows and moving averages. Following the completion of the transaction, the executive vice president now owns 58,781 shares in the company, valued at $2,466,450.76. The disclosure for this sale can be found here.

SNV has been the topic of a number of research analyst reports. Balentine LLC increased its position in Synovus Financial Corp.by 0.3% in the first quarter. Capstone Asset Management Co. boosted its position in shares of Synovus Financial Corp.by 4.6% in the first quarter. Spark Investment Management LLC now owns 8,948 shares of the bank's stock worth $250,000 after buying an additional 338 shares during the last quarter. Fox Run Management L.L.C. now owns 9,300 shares of the bank's stock valued at $381,000 after buying an additional 3,900 shares in the last quarter. Finally, Comerica Bank boosted its stake in shares of Synovus Financial Corp.by 4.1% in the first quarter. FMR LLC now owns 1,875,742 shares of the bank's stock valued at $76,943,000 after buying an additional 55,500 shares during the last quarter.

Synovus Financial Corp.is a financial services firm and a bank holding company.

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