The Producers Life Insurance coverage Firm decreased its place in shares of Synovus Monetary Corp. (NYSE:SNV – Get Ranking) by 6.5% within the third quarter, based on its most up-to-date Type 13F submitting with the Securities & Alternate Fee. The fund owned 1,306,372 shares of the financial institution’s inventory after promoting 91,260 shares in the course of the interval. The Producers Life Insurance coverage Firm owned 0.90% of Synovus Monetary value $49,002,000 as of its most up-to-date submitting with the Securities & Alternate Fee.
Numerous different hedge funds and different institutional traders additionally lately purchased and offered shares of SNV. Barclays PLC elevated its stake in Synovus Monetary by 9.3% in the course of the third quarter. Barclays PLC now owns 99,313 shares of the financial institution’s inventory valued at $3,726,000 after buying a further 8,442 shares within the final quarter. Salzhauer Michael elevated its stake in Synovus Monetary by 35.6% in the course of the third quarter. Salzhauer Michael now owns 286,192 shares of the financial institution’s inventory valued at $10,736,000 after buying a further 75,198 shares within the final quarter. Los Angeles Capital Administration LLC elevated its stake in Synovus Monetary by 34.6% in the course of the third quarter. Los Angeles Capital Administration LLC now owns 198,741 shares of the financial institution’s inventory valued at $7,455,000 after buying a further 51,034 shares within the final quarter. Victory Capital Administration Inc. elevated its stake in shares of Synovus Monetary by 6.8% within the third quarter. Victory Capital Administration Inc. now owns 1,728,438 shares of the financial institution’s inventory value $64,833,000 after buying a further 109,729 shares in the course of the interval. Lastly, Oregon Public Staff Retirement Fund elevated its stake in shares of Synovus Monetary by 1.5% within the third quarter. Oregon Public Staff Retirement Fund now owns 42,388 shares of the financial institution’s inventory value $1,590,000 after buying a further 620 shares in the course of the interval. Hedge funds and different institutional traders personal 79.89% of the corporate’s inventory.
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Analyst Rankings Modifications
SNV has been the subject of quite a few analysis studies. Morgan Stanley initiated protection on shares of Synovus Monetary in a analysis be aware on Monday, December fifth. They issued an “equal weight” score and a $44.00 worth goal on the inventory. JPMorgan Chase & Co. lower their worth goal on shares of Synovus Monetary from $45.00 to $43.00 and set an “chubby” score on the inventory in a analysis be aware on Tuesday, December thirteenth. Wells Fargo & Firm lower their worth goal on shares of Synovus Monetary from $60.00 to $55.00 and set an “chubby” score on the inventory in a analysis be aware on Friday, October twenty first. TheStreet raised shares of Synovus Monetary from a “c+” score to a “b” score in a report on Friday, November 4th. Lastly, StockNews.com began protection on shares of Synovus Monetary in a report on Wednesday, October twelfth. They set a “maintain” score on the inventory. Three funding analysts have rated the inventory with a maintain score and 6 have assigned a purchase score to the corporate. In line with knowledge from MarketBeat.com, the corporate presently has a consensus score of “Average Purchase” and a consensus goal worth of $47.40.
Insider Transactions at Synovus Monetary
In different information, EVP Allan E. Kamensky offered 663 shares of the enterprise’s inventory in a transaction that occurred on Monday, November 14th. The shares had been offered at a mean worth of $43.80, for a complete transaction of $29,039.40. Following the completion of the sale, the chief vp now owns 5,090 shares within the firm, valued at roughly $222,942. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which could be accessed by way of this hyperlink. Insiders personal 1.55% of the corporate’s inventory.
Synovus Monetary Inventory Efficiency
SNV opened at $39.38 on Friday. The corporate has a fast ratio of 0.92, a present ratio of 0.92 and a debt-to-equity ratio of 1.04. The corporate has a market cap of $5.73 billion, a price-to-earnings ratio of seven.96, a PEG ratio of 6.13 and a beta of 1.35. Synovus Monetary Corp. has a 52-week low of $34.15 and a 52-week excessive of $54.40. The agency’s fifty day easy shifting common is $39.20 and its two-hundred day easy shifting common is $39.59.
Synovus Monetary (NYSE:SNV – Get Ranking) final posted its quarterly earnings outcomes on Thursday, October twentieth. The financial institution reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.06. The agency had income of $582.22 million for the quarter, in comparison with the consensus estimate of $570.52 million. Synovus Monetary had a internet margin of 30.50% and a return on fairness of 18.93%. Throughout the identical interval final 12 months, the agency posted $1.20 earnings per share. Equities analysts anticipate that Synovus Monetary Corp. will publish 5.16 earnings per share for the present fiscal 12 months.
Synovus Monetary Broadcasts Dividend
The enterprise additionally lately disclosed a quarterly dividend, which was paid on Tuesday, January third. Stockholders of file on Thursday, December fifteenth got a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $1.36 annualized dividend and a dividend yield of three.45%. Synovus Monetary’s dividend payout ratio is presently 27.47%.
Synovus Monetary Profile
Synovus Monetary Corp. is a financial institution holding firm, which engages within the provision of economic providers. The corporate operates by way of the next segments: Neighborhood Banking, Wholesale Banking, and Monetary Administration Companies (FMS). The Neighborhood Banking enterprise section serves clients utilizing a relationship-based method by way of its department, ATM, business, and personal wealth community along with cell, Web, and phone banking.
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This immediate information alert was generated by narrative science know-how and monetary knowledge from MarketBeat in an effort to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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