$0.88 EPS Expected for Synovus Financial Corp. (SNV)

June 14, 2018 - By Vivian Currie

Synovus Financial Corp. (NYSE:SNV) LogoInvestors sentiment decreased to 1 in 2018 Q1. Its down Infinity, from Infinity in 2017Q4. It turned negative, as 0 investors sold Synovus Financial Corp. shares while 1 reduced holdings. 0 funds opened positions while 1 raised stakes. 44,454 shares or 36.24% less from 69,726 shares in 2017Q4 were reported.
Rech & Mngmt owns 32,400 shares or 0.28% of their US portfolio. Kcm Invest Advsr Llc owns 12,054 shares or 0.02% of their US portfolio.

Since February 1, 2018, it had 0 insider purchases, and 3 selling transactions for $482,559 activity. 2,450 shares were sold by Gula Allen J, worth $123,039. $250,800 worth of Synovus Financial Corp. (NYSE:SNV) was sold by HOLLADAY MARK G.

Analysts expect Synovus Financial Corp. (NYSE:SNV) to report $0.88 EPS on July, 17.They anticipate $0.28 EPS change or 46.67 % from last quarter’s $0.6 EPS. SNV’s profit would be $104.41M giving it 15.83 P/E if the $0.88 EPS is correct. After having $0.86 EPS previously, Synovus Financial Corp.’s analysts see 2.33 % EPS growth. The stock decreased 0.54% or $0.3 during the last trading session, reaching $55.73. About 767,906 shares traded. Synovus Financial Corp. (NYSE:SNV) has risen 29.99% since June 15, 2017 and is uptrending. It has outperformed by 17.42% the S&P500.

Synovus Financial Corp. (NYSE:SNV) Ratings Coverage

Among 14 analysts covering Synovus (NYSE:SNV), 5 have Buy rating, 0 Sell and 9 Hold. Therefore 36% are positive. Synovus had 22 analyst reports since December 21, 2017 according to SRatingsIntel. Robert W. Baird maintained Synovus Financial Corp. (NYSE:SNV) on Tuesday, April 24 with “Hold” rating. The firm earned “Buy” rating on Monday, January 8 by SunTrust. Keefe Bruyette & Woods maintained the shares of SNV in report on Monday, February 26 with “Hold” rating. Sandler O’Neill maintained the shares of SNV in report on Tuesday, January 23 with “Buy” rating. Jefferies maintained Synovus Financial Corp. (NYSE:SNV) on Monday, January 8 with “Hold” rating. The rating was maintained by Barclays Capital on Tuesday, January 2 with “Hold”. The rating was maintained by Sandler O’Neill with “Buy” on Tuesday, April 24. RBC Capital Markets maintained the shares of SNV in report on Tuesday, January 23 with “Buy” rating. The stock has “Buy” rating by Bank of America on Wednesday, January 24. The rating was maintained by Wells Fargo on Wednesday, April 25 with “Market Perform”.

Synovus Financial Corp. operates as the bank holding firm for Synovus Bank that provides various financial services and products. The company has market cap of $6.61 billion. It offers integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services. It has a 25.68 P/E ratio. The companyÂ’s commercial banking services comprise cash management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans.

More news for Synovus Financial Corp. (NYSE:SNV) were recently published by: Bizjournals.com, which released: “Gun-control advocates target Bank of America on Remington deal after Santa Fe shooting” on May 24, 2018. Businesswire.com‘s article titled: “Synovus Announces Commencement of $150 Million Preferred Stock Public Offering” and published on June 12, 2018 is yet another important article.

Synovus Financial Corp. (NYSE:SNV) Ratings Chart

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