Synovus Financial Corp (NYSE: SNV) on Tuesday, plunged -2.10% from the previous trading day, before settling in for the closing price of $46.74. Within the past 52 weeks, SNV’s price has moved between $33.44 and $59.92.
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Annual sales at Financial sector company grew by 8.72% over the past five years. The company achieved an average annual earnings per share of 8.78%. With a float of $139.98 million, this company’s outstanding shares have now reached $141.17 million.
Let’s look at the performance matrix of the company that is accounted for 4775 employees. In terms of profitability, gross margin is 90.85%, operating margin of 14.73%, and the pretax margin is 22.33%.
Synovus Financial Corp (SNV) Insider and Institutional Ownership
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of Synovus Financial Corp is 0.70%, while institutional ownership is 86.08%. The most recent insider transaction that took place on Jan 28 ’25, was worth 92,450. In this transaction EVP, Corp. & Inv. Banking of this company bought 1,680 shares at a rate of $55.03, taking the stock ownership to the 13,471 shares. Before that another transaction happened on Jan 28 ’25, when Company’s EVP, Corp. & Inv. Banking sold 1,680 for $55.03, making the entire transaction worth $92,450. This insider now owns 11,791 shares in total.
Synovus Financial Corp (SNV) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.78% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.78% during the next five years compared to -2.64% drop over the previous five years of trading.
Synovus Financial Corp (NYSE: SNV) Trading Performance Indicators
Synovus Financial Corp (SNV) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.88. Likewise, its price to free cash flow for the trailing twelve months is 8.43.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.05, a number that is poised to hit 1.12 in the next quarter and is forecasted to reach 5.42 in one year’s time.
Technical Analysis of Synovus Financial Corp (SNV)
Synovus Financial Corp (NYSE: SNV) saw its 5-day average volume 1.37 million, a negative change from its year-to-date volume of 1.53 million. As of the previous 9 days, the stock’s Stochastic %D was 18.87%. Additionally, its Average True Range was 1.58.
During the past 100 days, Synovus Financial Corp’s (SNV) raw stochastic average was set at 16.36%, which indicates a significant decrease from 31.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.45% in the past 14 days, which was lower than the 40.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $51.22, while its 200-day Moving Average is $48.36. Nevertheless, the first resistance level for the watch stands at $46.48 in the near term. At $47.21, the stock is likely to face the second major resistance level. The third major resistance level sits at $47.88. If the price goes on to break the first support level at $45.09, it is likely to go to the next support level at $44.42. The third support level lies at $43.69 if the price breaches the second support level.
Synovus Financial Corp (NYSE: SNV) Key Stats
Market capitalization of the company is 6.45 billion based on 140,969K outstanding shares. Right now, sales total 3,433 M and income totals 482,460 K. The company made 924,720 K in profit during its latest quarter, and 190,430 K in sales during its previous quarter.
