Synovus (SNV)

• Market cap: $8.16B
• 1 day: 2.86%
• 5 days: 3.52%
• 1 month: 17.38%
• 3 months: 31.22%
• 6 months: 45.32%
• Year to date: 53.57%
• 1 year: 92.52%
• 5 years: 51.35%
• 10 years: 119.92%
• Sector: Financials
• Industry: National Commercial Banks

About: Synovus Financial Corp provides commercial and consumer banking in addition to a full suite of specialized products & services such as private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, capital markets, & international banking to clients through the wholly-owned subsidiary bank, Synovus Bank, and other offices in Alabama, Florida, Georgia, South Carolina, and Tennessee. It has four segments Wholesale Banking, Community Banking, Consumer Banking, and Financial Management Services, out of which the majority is from the Wholesale banking segment.

Employees: 4,728

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

136% more call options, than puts

Call options by funds: $49M | Put options by funds: $20.7M

135% more first-time investments, than exits

New positions opened: 80 | Existing positions closed: 34

12% more funds holding

Funds holding: 378 [Q2] → 424 (+46) [Q3]

4% more capital invested

Capital invested by funds: $5.06B [Q2] → $5.29B (+$228M) [Q3]

9% less repeat investments, than reductions

Existing positions increased: 127 | Existing positions reduced: 140

3.36% less ownership

Funds ownership: 86.04% [Q2] → 82.68% (-3.36%) [Q3]

17% less funds holding in top 10

Funds holding in top 10: 6 [Q2] → 5 (-1) [Q3]

Research analyst outlook

16 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $46 20% downside
• Avg. target: $54 6% downside
• High target: $64 11% upside

16 analyst ratings

• positive: 11 69%
• neutral: 5 31%
• negative: 0 0%

Barclays Jared Shaw 68% 1-year accuracy 38 / 56 met price target	11% upside $64	Overweight Maintained	8 Nov 2024
Evercore ISI Group John Pancari 89% 1-year accuracy 32 / 36 met price target	6% downside $54	In-Line Maintained	30 Oct 2024
Morgan Stanley Manan Gosalia 86% 1-year accuracy 18 / 21 met price target	5% downside $55	Equal-Weight Maintained	21 Oct 2024
Truist Securities Brandon King 98% 1-year accuracy 59 / 60 met price target	1% downside $57	Buy Maintained	21 Oct 2024
B of A Securities Ebrahim Poonawala 85% 1-year accuracy 17 / 20 met price target	1% downside $57	Buy Maintained	18 Oct 2024