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Analysts Offer Insights on Financial Companies: Synovus (SNV), Home Bancshares (HOMB) and Commerce Bancshares (CBSH)

Analysts have been eager to weigh in on the Financial sector with new ratings on Synovus (SNVResearch Report), Home Bancshares (HOMBResearch Report) and Commerce Bancshares (CBSHResearch Report).

Synovus (SNV)

Janney Montgomery analyst Christopher Marinac reiterated a Buy rating on Synovus on January 19 and set a price target of $43.50. The company’s shares closed last Monday at $38.43.

Marinac has an average return of 34.9% when recommending Synovus.

According to TipRanks.com, Marinac is ranked #650 out of 8673 analysts.

Synovus has an analyst consensus of Strong Buy, with a price target consensus of $42.71, a 12.6% upside from current levels. In a report issued on January 8, UBS also upgraded the stock to Buy with a $42.00 price target.

See today’s best-performing stocks on TipRanks >>

Home Bancshares (HOMB)

In a report issued on January 19, Brian Martin from Janney Montgomery maintained a Buy rating on Home Bancshares. The company’s shares closed last Monday at $25.09, close to its 52-week high of $25.80.

Martin has an average return of 30.0% when recommending Home Bancshares.

According to TipRanks.com, Martin is ranked #1299 out of 8673 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Home Bancshares with a $26.75 average price target, implying an 8.1% upside from current levels. In a report issued on January 19, Piper Sandler also maintained a Buy rating on the stock with a $27.00 price target.

Commerce Bancshares (CBSH)

Janney Montgomery analyst John Rodis maintained a Hold rating on Commerce Bancshares on January 19 and set a price target of $55.00. The company’s shares closed last Monday at $55.07.

According to TipRanks.com, Rodis is a 4-star analyst with an average return of 11.2% and a 63.3% success rate. Rodis covers the Financial sector, focusing on stocks such as Texas Capital Bancshares, Stellar Bancorp, and Mercantile Bank.

Currently, the analyst consensus on Commerce Bancshares is a Hold with an average price target of $53.60, a -2.3% downside from current levels. In a report issued on January 11, Bank of America Securities also initiated coverage with a Hold rating on the stock with a $55.00 price target.

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