Synovus Financial Corp. (NYSE:SNV) shares fell to a low of $42.71 before closing at $42.77. Intraday shares traded counted 2.8 million, which was -215.48% lower than its 30-day average trading volume of 886.21K. SNV’s previous close was $44.41 while the outstanding shares total 148.47M. The firm has a beta of 1.65, a 12-month trailing P/E ratio of 13.01, and a growth ratio of 1.63. The stock’s Relative Strength Index (RSI) is 29.47, with weekly volatility at 4.24% and ATR at 1.50. The SNV stock’s 52-week price range has touched low of $17.68 and a $50.51 high. The stock traded lower over the last trading session, losing -3.69% on 06/18/21.
Investors have identified the Banks – Regional company Synovus Financial Corp. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $6.60 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Synovus Financial Corp. (SNV) Fundamentals that are to be considered.
SNV were able to record 16.2 million as free cash flow during the 07/20/2021 quarter of the year, this saw their quarterly net cash flow reduce by -924.65 million. In cash movements, the company had a total of 20.23 million as operating cash flow.
Potential earnings growth for Synovus Financial Corp. (SNV)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/20/2021 quarter of the year, Synovus Financial Corp. recorded a total of 409.82 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -18.08% coming in sequential stages and their sales for the 07/20/2021 quarter reducing by -5.77%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 35.96 million trying to sell their products during the last quarter, with the result yielding a gross income of 373.86 million. This allows shareholders to hold on to 148.47M with the recently reported earning now reading 1.20 cents per share. This is a figure that compared to analyst’s prediction for their 07/20/2021 (1.21 cents a share).
Having a look at the company’s valuation, the company is expected to record 4.05 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SNV sounds very interesting.
Is the stock of SNV attractive?
In related news, Director, Stallworth John L. bought 1,920 shares of the company’s stock in a transaction that recorded on Apr 29. The purchase was performed at an average price of 47.21, for a total value of 90,643. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.70%.
12 out of 17 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Synovus Financial Corp.. 0 analysts has assigned a Sell rating on the SNV stock. The 12-month mean consensus price target for the company’s shares has been set at $53.60.