Public Workers Retirement Affiliation of Colorado lowered its stake in Synovus Monetary Corp. (NYSE:SNV – Get Ranking) by 48.8% through the second quarter, in accordance with the corporate in its most up-to-date submitting with the Securities & Change Fee. The agency owned 10,271 shares of the financial institution’s inventory after promoting 9,789 shares through the quarter. Public Workers Retirement Affiliation of Colorado’s holdings in Synovus Monetary have been price $370,000 on the finish of the latest reporting interval.
Various different hedge funds and different institutional traders have additionally lately added to or decreased their stakes within the inventory. FMR LLC lifted its place in Synovus Monetary by 14.5% within the 2nd quarter. FMR LLC now owns 4,289,529 shares of the financial institution’s inventory valued at $154,638,000 after buying a further 541,698 shares within the final quarter. American Belief raised its place in shares of Synovus Monetary by 96.8% within the first quarter. American Belief now owns 9,445 shares of the financial institution’s inventory valued at $463,000 after shopping for a further 4,645 shares within the final quarter. Treasurer of the State of North Carolina grew its holdings in shares of Synovus Monetary by 1.6% through the 1st quarter. Treasurer of the State of North Carolina now owns 53,490 shares of the financial institution’s inventory price $2,621,000 after buying a further 848 shares within the final quarter. Y Intercept Hong Kong Ltd acquired a brand new stake in Synovus Monetary through the second quarter price about $712,000. Lastly, Whittier Belief Co. of Nevada Inc. elevated its stake in Synovus Monetary by 9.2% within the second quarter. Whittier Belief Co. of Nevada Inc. now owns 54,961 shares of the financial institution’s inventory valued at $1,980,000 after buying a further 4,615 shares over the last quarter. Institutional traders personal 80.41% of the corporate’s inventory.
Wall Avenue Analysts Forecast Progress
SNV has been the subject of a variety of analysis analyst studies. Wells Fargo & Firm lower their goal worth on shares of Synovus Monetary from $60.00 to $55.00 and set an “obese” score on the inventory in a analysis report on Friday, October 21st. DA Davidson boosted their worth goal on Synovus Monetary from $42.50 to $45.50 in a analysis observe on Friday. Morgan Stanley initiated protection on Synovus Monetary in a analysis report on Monday, December fifth. They issued an “equal weight” score and a $44.00 goal worth for the corporate. Royal Financial institution of Canada decreased their worth goal on shares of Synovus Monetary from $49.00 to $46.00 and set an “outperform” score for the corporate in a report on Friday, October 21st. Lastly, TheStreet upgraded shares of Synovus Monetary from a “c+” score to a “b” score in a analysis observe on Friday, November 4th. Three analysis analysts have rated the inventory with a maintain score and 6 have assigned a purchase score to the inventory. Based on knowledge from MarketBeat, the corporate presently has a consensus score of “Reasonable Purchase” and a mean goal worth of $47.60.
Insider Exercise at Synovus Monetary
In different Synovus Monetary information, EVP Allan E. Kamensky offered 663 shares of the inventory in a transaction dated Monday, November 14th. The shares have been offered at a mean worth of $43.80, for a complete transaction of $29,039.40. Following the completion of the transaction, the chief vp now owns 5,090 shares within the firm, valued at $222,942. The sale was disclosed in a doc filed with the Securities & Change Fee, which is obtainable via the SEC web site. 1.55% of the inventory is at the moment owned by firm insiders.
Synovus Monetary Inventory Efficiency
Shares of SNV inventory opened at $39.66 on Monday. The corporate has a debt-to-equity ratio of 1.20, a fast ratio of 0.92 and a present ratio of 0.93. The agency has a market cap of $5.77 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 5.11 and a beta of 1.34. Synovus Monetary Corp. has a 52 week low of $34.15 and a 52 week excessive of $54.40. The agency’s 50-day easy transferring common is $40.50 and its two-hundred day easy transferring common is $39.76.
Synovus Monetary (NYSE:SNV – Get Ranking) final posted its quarterly earnings outcomes on Thursday, October 20th. The financial institution reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.06. Synovus Monetary had a internet margin of 33.25% and a return on fairness of 17.83%. The corporate had income of $582.22 million for the quarter, in comparison with analysts’ expectations of $570.52 million. Throughout the identical quarter within the earlier yr, the agency posted $1.20 EPS. As a gaggle, equities analysts forecast that Synovus Monetary Corp. will put up 4.88 earnings per share for the present yr.
Synovus Monetary Pronounces Dividend
The corporate additionally lately disclosed a quarterly dividend, which will likely be paid on Tuesday, January third. Buyers of file on Thursday, December 15th will likely be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of three.43%. The ex-dividend date of this dividend is Wednesday, December 14th. Synovus Monetary’s dividend payout ratio (DPR) is at the moment 27.70%.
Synovus Monetary Profile
Synovus Monetary Corp. operates because the financial institution holding firm for Synovus Financial institution that gives business and retail banking services. It operates via three segments: Neighborhood Banking, Wholesale Banking, and Monetary Administration Providers. The corporate’s business banking companies embody treasury administration, asset administration, capital market, and institutional belief companies, in addition to business, monetary, and actual property loans.
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