Investing In Synovus Financial Corp. (NYSE: SNV): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the NYSE and operates within the Banks – Regional industry segment. The current market capitalization of Synovus Financial Corp. is $6.23B. A total of 1.59 million shares were traded on the day, compared to an average of 1.36M shares.

In the most recent transaction, Samaha Eli sold 172,889 shares of SNV for 25.20 per share on Jun 10 ’24. After the transaction, the 10% Owner now owns 1,293,259 company shares. In a previous transaction on Jun 07 ’24, AKINS D WAYNE JR bought 24,500 shares at 37.40 per share. SNV shares that EVP, Chief Comm Banking Off. owns now total 41,884.

Among the insiders who sold shares, AKINS D WAYNE JR disposed of 20,000 shares on Jun 07 ’24 at a per-share price of $37.38. This resulted in the EVP, Chief Comm Banking Off. holding 17,384 shares of SNV after the transaction. In another insider transaction, Samaha Eli sold 20 shares at $25.20 per share on Jun 07 ’24. Company shares held by the 10% Owner now total 1,466,148.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Synovus Financial Corp. pays an annual dividend of $1.52, resulting in a dividend yield of 3.57%, and it has a price to earnings (P/E) ratio of 14.57. SNV’s most recent ex-dividend date was 6/20/2024 when it declared a $0.38 quarterly dividend that was paid in cash on 7/1/2024. Previously, the company paid the dividend on 4/1/2024 with an ex-dividend date of 3/20/2024. The SNV stock dividend was $0.38 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, SNV has a high of $42.64 and a low of $24.40.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $30.60, while its Total Shareholder’s Equity was $5.30B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SNV is Buy with a score of 4.24.

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