KBW analyst Catherine Mealor assigned a Hold rating to Synovus (SNV – Research Report) yesterday and set a price target of $38.00. The company’s shares closed yesterday at $38.70.
Mealor covers the Financial sector, focusing on stocks such as MVB Financial, Southern States Bancshares, and Ameris Bancorp. According to TipRanks, Mealor has an average return of 11.7% and a 63.25% success rate on recommended stocks.
In addition to KBW, Synovus also received a Hold from Barclays’s Jared Shaw in a report issued on April 19. However, on April 22, Janney Montgomery reiterated a Buy rating on Synovus (NYSE: SNV).
SNV market cap is currently $5.58B and has a P/E ratio of 13.04.
Based on the recent corporate insider activity of 95 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNV in relation to earlier this year.
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Synovus (SNV) Company Description:
Synovus Financial Corp. is a bank holding company, which engages in the provision of financial services. It offers private banking, treasury management, wealth management, premium finance and international banking, commercial and retail banking, financial management, insurance, and mortgage services to its customers. The company was founded in 1972 and is headquartered in Columbus, GA.
Read More on SNV:
- Synovus Strengthens Capital Position, Restructures Securities Portfolio
- Synovus price target lowered to $39 from $45 at Truist
- Netflix upgraded and downgraded: Wall Street’s top analyst calls
- Synovus price target lowered to $43 from $45 at DA Davidson
- Synovus price target lowered to $40 from $42 at Wells Fargo
