<div id="readability-page-1"><p><span>Synovus Financial (NYSE:SNV - Get Free Report)</span> had its price objective cut by equities researchers at Truist Financial  from $58.00 to $56.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a &#34;buy&#34; rating on the bank's stock. Truist Financial's price target would indicate a potential upside of 12.72% from the stock's previous close.</p><div><p><span></span><span>Get <strong>Synovus Financial</strong> alerts:</span></p></div><ul><li>Analysts Remain Bullish On These 3 Regional Banks</li></ul><p>A number of other equities research analysts have also issued reports on the stock. Barclays reduced their target price on shares of Synovus Financial from $70.00 to $65.00 and set an &#34;overweight&#34; rating on the stock in a report on Monday, July 28th. Keefe, Bruyette &amp; Woods lowered shares of Synovus Financial from an &#34;outperform&#34; rating to a &#34;market perform&#34; rating and reduced their target price for the stock from $65.00 to $50.00 in a report on Tuesday, August 12th. UBS Group lowered shares of Synovus Financial from a &#34;buy&#34; rating to a &#34;neutral&#34; rating and reduced their target price for the stock from $63.00 to $56.00 in a report on Tuesday, September 2nd. Wells Fargo &amp; Company  reiterated an &#34;equal weight&#34; rating and set a $58.00 target price (down from $62.00) on shares of Synovus Financial in a report on Friday, July 25th. Finally, Stephens reduced their target price on shares of Synovus Financial from $60.00 to $54.00 and set an &#34;equal weight&#34; rating on the stock in a report on Tuesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Synovus Financial presently has an average rating of &#34;Moderate Buy&#34; and an average price target of $58.61.</p><p><b>Read Our Latest Stock Report on Synovus Financial</b></p><h2>Synovus Financial Price Performance</h2><p>SNV traded down $0.11 on Wednesday, reaching $49.68. 552,705 shares of the company's stock were exchanged, compared to its average volume of 1,640,904. The stock has a market cap of $6.90 billion, a PE ratio of 9.53, a P/E/G ratio of 0.84 and a beta of 1.22. Synovus Financial has a twelve month low of $35.94 and a twelve month high of $61.06. The stock's fifty day moving average price is $50.78 and its 200-day moving average price is $48.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.92 and a quick ratio of 0.92. </p><p>Synovus Financial (NYSE:SNV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The bank reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.23. Synovus Financial had a net margin of 21.52% and a return on equity of 16.20%. The firm had revenue of $592.08 million for the quarter, compared to analyst estimates of $584.89 million. During the same period in the previous year, the business posted $1.16 earnings per share.  Synovus Financial has set its FY 2025 guidance at  EPS. Sell-side analysts expect that  Synovus Financial will post 4.89 EPS for the current year. </p><h2>Insider Buying and Selling at Synovus Financial</h2><p>In other Synovus Financial news, Director Diana M. Murphy bought 1,000 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were bought at an average price of $48.80 per share, for a total transaction of $48,800.00. Following the acquisition, the director directly owned 40,171 shares of the company's stock, valued at approximately $1,960,344.80. This trade represents a 2.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gregory G. Montana acquired 1,000 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average price of $46.74 per share, for a total transaction of $46,740.00. Following the acquisition, the director directly owned 4,341 shares of the company's stock, valued at $202,898.34. The trade was a 29.93% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 8,040 shares of company stock valued at $392,916 over the last 90 days. Insiders own  1.00% of the company's stock. </p><h2>Institutional Inflows and Outflows</h2><p>Hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in shares of  Synovus Financial by 4.9% during the second quarter. Fifth Third Bancorp now owns 4,082 shares of the bank's stock valued at $211,000 after acquiring an additional 189 shares during the period.  Janney Montgomery Scott LLC lifted its holdings in shares of  Synovus Financial by 0.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 51,606 shares of the bank's stock valued at $2,412,000 after purchasing an additional 249 shares in the last quarter.  State of Michigan Retirement System boosted its position in  Synovus Financial by 0.9% during the 1st quarter. State of Michigan Retirement System now owns 33,804 shares of the bank's stock worth $1,580,000 after acquiring an additional 300 shares during the last quarter.  UMB Bank n.a. raised its stake in shares of  Synovus Financial by 17.0% during the 2nd quarter. UMB Bank n.a. now owns 2,118 shares of the bank's stock worth $110,000 after purchasing an additional 308 shares in the last quarter.  Finally, Greenleaf Trust raised its stake in  Synovus Financial by 5.2% in the 1st quarter. Greenleaf Trust now owns 6,425 shares of the bank's stock valued at $300,000 after acquiring an additional 318 shares during the period. 83.85% of the stock is owned by institutional investors. </p><h2>Synovus Financial Company Profile</h2> (Get Free Report)<p>Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services. It operates through four segments: Community Banking, Wholesale Banking, Consumer Banking, and Financial Management Services. The company's commercial banking services include treasury and asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate lending services.</p><h2>Read More</h2><ul><li>Five stocks we like better than Synovus Financial</li><li>3 Defense Stocks Set to Benefit From Increased Military Spending</li><li>Replace Your Fixed Income With This Dividend ETF</li><li>Stock Analyst Ratings and Canadian Analyst Ratings</li><li>3 AI-Driven Tech Stocks That Look Oversold and Undervalued</li><li>How to Calculate Options Profits</li><li>Qualcomm’s RSI Just Hit Its High of the Year—Why That’s Bullish</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNOVg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNOVg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Synovus Financial Right Now?</h2><p>Before you consider Synovus Financial, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Synovus Financial wasn't on the list.</p><p>While Synovus Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Truist Financial has lowered its target price for Synovus Financial (NYSE:SNV) from $58.00 to $56.00 while maintaining a "buy" rating. This adjustment suggests a potential upside of 12.72% from the stock's previous close. Other analysts have also reduced their target prices, with Barclays setting it at $65.00 and UBS at $56.00. Synovus Financial's stock traded down to $49.68, with a market cap of $6.90 billion and a P/E ratio of 9.53. The company reported strong quarterly earnings, exceeding estimates with $1.48 EPS.</p>

Truist Financial Has Lowered Expectations for Synovus Financial (NYSE:SNV) Stock Price