Analysts Offer Insights on Financial Companies: Synovus (SNV), NY Community (NYCB) and Washington Federal (WAFD)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Synovus (SNV – Research Report), NY Community (NYCB – Research Report) and Washington Federal (WAFD – Research Report).

Synovus (SNV)

RBC Capital analyst Jon Arfstrom maintained a Buy rating on Synovus on May 10 and set a price target of $45.00. The company’s shares closed last Tuesday at $39.95, close to its 52-week high of $40.92.

According to TipRanks.com, Arfstrom is a 5-star analyst with an average return of 14.3% and a 55.3% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Provident Financial Services, and Old National Bancorp Capital.

Synovus has an analyst consensus of Moderate Buy, with a price target consensus of $38.43, implying a -3.9% downside from current levels. In a report issued on May 6, Wells Fargo also maintained a Buy rating on the stock with a $40.00 price target.

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NY Community (NYCB)

In a report released yesterday, Christopher Mcgratty from KBW assigned a Hold rating to NY Community, with a price target of $3.75. The company’s shares closed last Tuesday at $3.89.

According to TipRanks.com, Mcgratty is a 5-star analyst with an average return of 10.2% and a 65.3% success rate. Mcgratty covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Old National Bancorp Capital, and First Interstate Bancsystem.

NY Community has an analyst consensus of Hold, with a price target consensus of $3.95, which is a 4.8% upside from current levels. In a report issued on May 1, Wedbush also upgraded the stock to Hold with a $3.50 price target.

Washington Federal (WAFD)

In a report released yesterday, Kelly Motta from KBW assigned a Buy rating to Washington Federal, with a price target of $35.00. The company’s shares closed last Tuesday at $28.73.

According to TipRanks.com, Motta is a 3-star analyst with an average return of 6.5% and a 58.8% success rate. Motta covers the Financial sector, focusing on stocks such as Westamerica Bancorporation, Southern Missouri Bancorp, and First Bancorp Puerto Rico.

Washington Federal has an analyst consensus of Moderate Buy, with a price target consensus of $32.00.

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Read More on SNV:

• Synovus sees CET1 ratio increase of 40-50bps from risk weighted asset reduction
• Synovus price target raised to $47 from $43 at DA Davidson
• Synovus Strengthens Capital Position, Restructures Securities Portfolio
• Synovus price target lowered to $39 from $45 at Truist
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