Fintel reports that on May 19, 2023, Goldman Sachs maintained coverage of Synovus Financial (NYSE:SNV) with a Neutral recommendation.
Analyst Price Forecast Suggests 37.58% Upside
As of May 11, 2023, the average one-year price target for Synovus Financial is 38.58. The forecasts range from a low of 30.30 to a high of $52.50. The average price target represents an increase of 37.58% from its latest reported closing price of 28.04.
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The projected annual revenue for Synovus Financial is 2,436MM, an increase of 9.87%. The projected annual non-GAAP EPS is 5.14.
What is the Fund Sentiment?
There are 844 funds or institutions reporting positions in Synovus Financial. This is a decrease of 34 owner(s) or 3.87% in the last quarter. Average portfolio weight of all funds dedicated to SNV is 0.26%, an increase of 5.80%. Total shares owned by institutions decreased in the last three months by 2.43% to 132,345K shares. The put/call ratio of SNV is 0.65, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 7,271K shares representing 4.98% ownership of the company. In it’s prior filing, the firm reported owning 9,982K shares, representing a decrease of 37.28%. The firm decreased its portfolio allocation in SNV by 91.66% over the last quarter.
Synovus Financial holds 5,750K shares representing 3.94% ownership of the company. In it’s prior filing, the firm reported owning 5,786K shares, representing a decrease of 0.63%. The firm decreased its portfolio allocation in SNV by 51.80% over the last quarter.
IJH – iShares Core S&P Mid-Cap ETF holds 4,492K shares representing 3.07% ownership of the company. In it’s prior filing, the firm reported owning 4,248K shares, representing an increase of 5.43%. The firm decreased its portfolio allocation in SNV by 7.61% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 4,199K shares representing 2.87% ownership of the company. In it’s prior filing, the firm reported owning 4,112K shares, representing an increase of 2.08%. The firm decreased its portfolio allocation in SNV by 5.59% over the last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares holds 3,560K shares representing 2.44% ownership of the company. In it’s prior filing, the firm reported owning 3,506K shares, representing an increase of 1.51%. The firm decreased its portfolio allocation in SNV by 5.90% over the last quarter.
Synovus Financial Background Information
(This description is provided by the company.)
Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $53 billion in assets. Synovus provides commercial and retail banking, investment, and mortgage services through 289 branches in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus Bank, a wholly owned subsidiary of Synovus, has been recognized as one of the country’s ‘Most Reputable Banks’ by American Banker and the Reputation Institute.
Key filings for this company:
This article originally appeared on Fintel
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