Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Synovus Financial (SNV) have what it takes?
SNV is deepening its presence across South Carolina with key hires to drive growth in the middle-market and commercial banking business.
Synovus (SNV) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Synovus Financial (SNV) have what it takes?
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The average of price targets set by Wall Street analysts indicates a potential upside of 26% in Synovus (SNV). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Synovus Financial (SNV) have what it takes?
Investors interested in stocks from the Banks - Southeast sector have probably already heard of Synovus Financial (SNV) and First Bancorp (FBP). But which of these two stocks offers value investors a better bang for their buck right now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Synovus Financial's Series E preferred shares offer an 8.3% dividend yield, making them a great fixed income investment option among the bank's preferred shares. The bank's net interest margin improved in Q1 due to a favorable drop in borrowing yields, positioning it well if interest rates continue to decline. Loan growth has been flat, but deposit growth has slightly outpaced it, reducing the loan to deposit ratio and reliance on external financing.
Synovus shares have dropped 30% from highs despite strong Q1 results, creating a potential buying opportunity. Q1 earnings of $1.30 beat estimates by $0.18, driven by a 6% revenue growth and improved credit quality. Synovus has a solid deposit mix and loan portfolio, with a focus on business lending and reduced CRE exposure.
Synovus Financial Corp. (NYSE:SNV ) Q1 2025 Earnings Conference Call April 17, 2025 8:30 AM ET Company Participants Jennifer Demba - Head of IR Kevin Blair - Chairman, President & CEO Jamie Gregory - EVP & CFO Anne Fortner - EVP & Chief Credit Officer Conference Call Participants Jon Arfstrom - RBC Capital Markets Anthony Elian - JPMorgan Jared Shaw - Barclays Gary Tenner - D.A. Davidson Bernard Von Gizycki - Deutsche Bank Casey Haire - Autonomous Nicholas Holowko - UBS Catherine Mealor - KBW Operator Good morning, and welcome to the Synovus First Quarter 2025 Earnings Call.