Synovus (SNV)

• Market cap: $7.13B
• 1 day: 1.35%
• 5 days: -7.60%
• 1 month: -8.50%
• 3 months: 11.89%
• 6 months: 36.38%
• Year to date: 34.20%
• 1 year: 35.20%
• 5 years: 30.34%
• 10 years: 89.86%
• 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)

148% more first-time investments, than exits

New positions opened: 82 | Existing positions closed: 33

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: $5.06B [Q2] → $5.31B (+$252M) [Q3]

9% less repeat investments, than reductions

Existing positions increased: 128 | Existing positions reduced: 141

2.98% less ownership

Funds ownership: 86.04% [Q2] → 83.06% (-2.98%) [Q3]

17% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $52 3% upside
• Avg. target: $60 19% upside
• High target: $76 51% upside

15 analyst ratings

• positive: 10 67%
• neutral: 5 33%
• negative: 0 0%

UBS Nicholas Holowko 13% 1-year accuracy 1 / 8 met price target	51% upside $76	Buy Assumed	17 Dec 2024
RBC Capital Jon Arfstrom 89% 1-year accuracy 47 / 53 met price target	27% upside $64	Outperform Reiterated	12 Dec 2024
Piper Sandler Brad Milsaps 75% 1-year accuracy 3 / 4 met price target	27% upside $64	Overweight Maintained	11 Dec 2024
Deutsche Bank Bernard von-Gizycki 0% 1-year accuracy 0 / 2 met price target	27% upside $64	Buy Initiated	9 Dec 2024
Wells Fargo Timur Braziler 55% 1-year accuracy 12 / 22 met price target	9% upside $55	Equal-Weight Maintained	3 Dec 2024