Synovus (SNV)

• Market cap: $7.81B
• 1 day: 1.36%
• 5 days: 5.59%
• 1 month: 8.59%
• 3 months: 13.26%
• 6 months: 20.61%
• Year to date: 8.87%
• 1 year: 44.03%
• 5 years: 40.23%
• 10 years: 126.01%
• 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)

215% more first-time investments, than exits

New positions opened: 82 | Existing positions closed: 26

136% more call options, than puts

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

13% more funds holding

Funds holding: 379 [Q2] → 428 (+49) [Q3]

5% more capital invested

Capital invested by funds: $5.08B [Q2] → $5.33B (+$253M) [Q3]

9% less repeat investments, than reductions

Existing positions increased: 128 | Existing positions reduced: 141

3.0% less ownership

Funds ownership: 86.31% [Q2] → 83.31% (-3.0%) [Q3]

17% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $54 2% downside
• Avg. target: $62 13% upside
• High target: $76 37% upside

11 analyst ratings

• positive: 7 64%
• neutral: 4 36%
• negative: 0 0%

Citigroup Benjamin Gerlinger 67% 1-year accuracy 4 / 6 met price target	12% upside $62	Buy Maintained	17 Jan 2025
JP Morgan Anthony Elian 64% 1-year accuracy 9 / 14 met price target	12% upside $62	Overweight Maintained	17 Jan 2025
Stephens & Co. Russell Gunther 76% 1-year accuracy 16 / 21 met price target	5% upside $58	Equal-Weight Reiterated	16 Jan 2025
UBS Nicholas Holowko 63% 1-year accuracy 5 / 8 met price target	37% upside $76	Buy Assumed	17 Dec 2024
RBC Capital Jon Arfstrom 92% 1-year accuracy 45 / 49 met price target	16% upside $64	Outperform Reiterated	12 Dec 2024