Synovus Financial Corp.(SNV) is having a Dividend Yield of 1.13% with the Annual cash Dividend per share of $0.48. The last quarter cash dividend per share pay out was $0.12. Synovus Financial Corp. has a 5 year average dividend yield of 1.46% and the stock has a Indicated annual dividend of $0.48. Synovus Financial Corp.(SNV) formally announced its most recent dividend on December 5, 2016 with a Dividend per share of $0.12. The new indicated annual dividend based on announced dividend per share is $0.48. The dividend yield based on the forward looking indicated annual dividend is 1.13%. Synovus Financial Corp.(SNV) has the most recent dividend payout ratio of 0.24 with a 5-year average payout ratio of 0.29. The 5 year historical dividend growth of Synovus Financial Corp.(SNV) is at the rate of 15.88% while the R-Squared dividend growth is 0.81. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
Synovus Financial Corp. (NYSE:SNV) witnessed a decline in the market cap on Thursday as its shares dropped 0.54% or 0.23 points. After the session commenced at $42.51, the stock reached the higher end at $42.64 while it hit a low of $42.195. With the volume soaring to 584,523 shares, the last trade was called at $42.39. The company has a 52-week high of $43. The company has a market cap of $5,183 million and there are 122,266,106 shares in outstanding. The 52-week low of the share price is $25.7801. Shares of Synovus Financial Corp. rose by 1.87% in the last five trading days and 2.86% for the last 4 weeks. Synovus Financial Corp. is up 10.17% in the last 3-month period. Year-to-Date the stock performance stands at 3.19%.
Currently the company Insiders own 1.3% of Synovus Financial Corp. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.38% . Institutional Investors own 77.43% of Synovus Financial Corp. shares. During last six month period, the net percent change held by insiders has seen a change of -8.06%. Company has reported several Insider transactions to the SEC, on Jan 25, 2017, Allen J Gula (EVP & Chief Operations Officer) sold 2,450 shares at 41.76 per share price.On Nov 9, 2016, Curtis J Perry (EVP& Chief Corp Banking Office) sold 8,000 shares at 33.66 per share price.On Oct 28, 2016, Mark G Holladay (Exec.VP,Chief Risk Officer) sold 6,035 shares at 33.28 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Synovus Financial Corp. was Initiated by JMP Securities to Mkt Perform on Feb 2, 2017. Synovus Financial Corp. was Upgraded by Wells Fargo to Market Perform on Jan 9, 2017. Synovus Financial Corp. was Downgraded by Hovde Group on Jan 9, 2017 to Market Perform, Lowers Price Target to $ 44 from a previous price target of $52 .Synovus Financial Corp. was Downgraded by Keefe Bruyette to Mkt Perform on Nov 29, 2016.
Synovus Financial Corp. Last issued its quarterly earnings results on Jan 17, 2017. The company reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.53.Analysts expectations of $ 300.21.During the same quarter in the previous year, the company posted $0.44 EPS.
Synovus Financial Corp. is engaged in two reportable business segments: banking, which is primarily involved in commercial banking activities and also provides retail banking, trust services, mortgage banking, securities brokerage and insurance services, and transaction processing, which includes credit, debit, commercial and retail card processing and related services and debt collection and bankruptcy management services.