On Tuesday, Synovus Financial Corp (NYSE: SNV) opened lower -1.18% from the last session, before settling in for the closing price of $56.67. Price fluctuations for SNV have ranged from $32.53 to $59.92 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 17.97%. Company’s average yearly earnings per share was noted 6.05% at the time writing. With a float of $140.81 million, this company’s outstanding shares have now reached $142.00 million.
The extent of productivity of a business whose workforce counts for 4879 workers is very important to gauge. In terms of profitability, gross margin is 87.22%, operating margin of 21.46%, and the pretax margin is 17.77%.
Synovus Financial Corp (SNV) Insider Updates
A key investor’s attitude towards the stock of the Banks – Regional industry is another important factor to consider. The insider ownership of Synovus Financial Corp is 0.61%, while institutional ownership is 85.92%. The most recent insider transaction that took place on Nov 27 ’24, was worth 435,000. In this transaction EVP, Chief Wholesale Bank. Off of this company bought 7,500 shares at a rate of $58.00, taking the stock ownership to the 53,990 shares. Before that another transaction happened on Nov 27 ’24, when Company’s EVP, Chief Wholesale Bank. Off sold 15,750 for $58.02, making the entire transaction worth $913,815. This insider now owns 46,490 shares in total.
Synovus Financial Corp (SNV) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.8 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.94) by -0.14. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.05% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.17% during the next five years compared to -0.04% drop over the previous five years of trading.
Synovus Financial Corp (NYSE: SNV) Trading Performance Indicators
Check out the current performance indicators for Synovus Financial Corp (SNV). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.37. Likewise, its price to free cash flow for the trailing twelve months is 10.30.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.21, a number that is poised to hit 1.13 in the next quarter and is forecasted to reach 4.62 in one year’s time.
Technical Analysis of Synovus Financial Corp (SNV)
The latest stats from [Synovus Financial Corp, SNV] show that its last 5-days average volume of 0.81 million was inferior to 1.39 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 41.40%. Additionally, its Average True Range was 1.68.
During the past 100 days, Synovus Financial Corp’s (SNV) raw stochastic average was set at 81.25%, which indicates a significant increase from 31.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.33% in the past 14 days, which was lower than the 40.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $50.54, while its 200-day Moving Average is $42.86. Now, the first resistance to watch is $57.16. This is followed by the second major resistance level at $58.33. The third major resistance level sits at $59.15. If the price goes on to break the first support level at $55.17, it is likely to go to the next support level at $54.35. Assuming the price breaks the second support level, the third support level stands at $53.18.
Synovus Financial Corp (NYSE: SNV) Key Stats
There are currently 141,665K shares outstanding in the company with a market cap of 7.93 billion. Presently, the company’s annual sales total 3,454 M according to its annual income of 543,710 K. Last quarter, the company’s sales amounted to 934,490 K and its income totaled 181,560 K.