Synovus Financial Corp. (NYSE: SNV): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

SNV belongs to the Financial sector of the NYSE while operating in the Banks – Regional industry. The current market capitalization of Synovus Financial Corp. is $7.04B. A total of 2.09 million shares were traded on the day, compared to an average of 1.36M shares.

In the most recent transaction, Dierdorff Thomas T sold 614 shares of SNV for 46.20 per share on Jul 24 ’24. After the transaction, the EVP, Corp. & Inv. Banking now owns 14,833 company shares. In a previous transaction on Jun 10 ’24, Samaha Eli sold 172,889 shares at 25.20 per share. SNV shares that 10% Owner owns now total 1,293,259.

Among the insiders who bought shares, AKINS D WAYNE JR acquired of 24,500 shares on Jun 07 ’24 at a per-share price of $37.40. This resulted in the EVP, Chief Comm Banking Off. holding 41,884 shares of SNV after the transaction. In another insider transaction, AKINS D WAYNE JR sold 20,000 shares at $37.38 per share on Jun 07 ’24. Company shares held by the EVP, Chief Comm Banking Off. now total 17,384.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Synovus Financial Corp. pays an annual dividend of $1.52, resulting in a dividend yield of 3.11%, and it has a price to earnings (P/E) ratio of 22.11. SNV’s most recent ex-dividend date was 9/19/2024 when it declared a $0.38 quarterly dividend that was paid in cash on 10/1/2024. Previously, the company paid the dividend on 7/1/2024 with an ex-dividend date of 6/20/2024. The SNV stock dividend was $0.38 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, SNV has a high of $51.69 and a low of $24.40.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $33.94, while its Total Shareholder’s Equity was $5.30B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 4.18.

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