<div id="readability-page-1"><p>Blue Trust Inc. reduced its position in shares of  Synovus Financial Corp. (NYSE:SNV - Free Report) by 17.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor  owned 173,929 shares of the bank's stock after selling 37,456 shares during the quarter. Blue Trust Inc. owned 0.13% of Synovus Financial worth $8,536,000 at the end of the most recent reporting period.</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>Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Elevation Point Wealth Partners LLC bought a new stake in shares of  Synovus Financial during the 2nd quarter worth about $31,000.  Armstrong Advisory Group Inc. bought a new position in shares of  Synovus Financial during the second quarter worth approximately $41,000.  Ransom Advisory Ltd increased its position in shares of  Synovus Financial by 90.0% in the third quarter. Ransom Advisory Ltd now owns 950 shares of the bank's stock worth $47,000 after purchasing an additional 450 shares during the period.  IFP Advisors Inc lifted its position in  Synovus Financial by 650.4% during the second quarter. IFP Advisors Inc now owns 1,058 shares of the bank's stock worth $60,000 after purchasing an additional 917 shares during the period.  Finally, Cullen Frost Bankers Inc. acquired a new stake in  Synovus Financial during the second quarter worth about $60,000. Institutional investors own  83.85% of the company's stock. </p><h2>Synovus Financial Stock Performance</h2><p>Shares of SNV opened at $52.95 on Friday. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 0.92 and a beta of 1.21. The stock has a 50 day moving average of $48.12 and a 200 day moving average of $49.64. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.57. Synovus Financial Corp. has a 12 month low of $35.94 and a 12 month high of $61.06. </p><p>Synovus Financial (NYSE:SNV - Get Free Report) last announced its quarterly earnings data on Wednesday, October 15th. The bank reported $1.46 EPS for the quarter, topping the consensus estimate of $1.36 by $0.10. Synovus Financial had a net margin of 21.97% and a return on equity of 16.13%. The business had revenue of $612.79 million for the quarter, compared to analyst estimates of $604.59 million. During the same quarter in the previous year, the firm posted $1.23 earnings per share. The company's revenue for the quarter was up 9.0% on a year-over-year basis.  As a group, sell-side analysts forecast that  Synovus Financial Corp. will post 4.89 earnings per share for the current year. </p><h2>Synovus Financial Dividend Announcement</h2><p>The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Thursday, December 18th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $1.56 dividend on an annualized basis and a yield of 2.9%. Synovus Financial's payout ratio is presently 29.10%. </p><h2>Insiders Place Their Bets</h2><p>In related news, Director Gregory G. Montana purchased 1,000 shares of the firm's stock in a transaction dated Monday, October 20th. The shares were purchased at an average cost of $45.37 per share, for a total transaction of $45,370.00. Following the completion of the transaction, the director directly owned 5,464 shares in the company, valued at approximately $247,901.68. This represents a 22.40% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by insiders. </p><h2>Analyst Upgrades and Downgrades</h2><p>SNV has been the subject of a number of recent analyst reports. DA Davidson  reaffirmed a &#34;buy&#34; rating and set a $63.00 price target on shares of Synovus Financial in a report on Thursday, October 16th. Barclays increased their target price on Synovus Financial from $65.00 to $70.00 and gave the company an &#34;overweight&#34; rating in a research report on Friday, December 19th. Royal Bank Of Canada dropped their price target on shares of Synovus Financial from $65.00 to $58.00 and set an &#34;outperform&#34; rating for the company in a research note on Friday, October 17th. Weiss Ratings lowered shares of Synovus Financial from a &#34;buy (b-)&#34; rating to a &#34;hold (c+)&#34; rating in a report on Wednesday, October 8th. Finally, UBS Group cut their price target on Synovus Financial from $53.00 to $49.00 and set a &#34;neutral&#34; rating on the stock in a report on Wednesday, November 5th. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of &#34;Hold&#34; and an average price target of $58.38.</p><p><b>Read Our Latest Report on SNV</b></p><h2>About Synovus Financial</h2> (Free Report)<p>Synovus Financial Corp <span>NYSE: SNV<span></span></span> is a regional financial services company headquartered in Columbus, Georgia. The company offers a comprehensive range of banking and financial products to individual consumers, small businesses, and large corporations. Synovus operates through various business segments, including commercial and retail banking, mortgage lending, treasury and payment solutions, and wealth management services.  </p><p>In its commercial banking division, Synovus provides loans, lines of credit, and treasury management services tailored to the needs of businesses across multiple industries.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Synovus Financial</li><li>Put $1,000 into this stock by Jan 1 [Not NVDA]</li><li>Turn your &#34;dead money&#34; into $306+ monthly (starting this month)</li><li>Washington prepares for war</li><li>Strange Crystal Metal Outperforms Silicon Up to 100X</li><li>33,000% boom from weird new “AI Fuel?”</li></ul><p><strong>Want to see what other hedge funds are holding SNV?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synovus Financial Corp. (NYSE:SNV - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.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="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.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 reporting and unbiased coverage. 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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

BLUE

<p>Blue Trust Inc. reduced its stake in Synovus Financial Corp. by 17.7% in Q3, selling 37,456 shares. The firm now holds 173,929 shares worth $8.54 million. Synovus Financial reported strong Q3 earnings with $1.46 EPS, beating estimates. The stock has a market cap of $7.35 billion and a P/E ratio of 9.88. Analysts have mixed ratings, with some upgrading and others downgrading the stock. The company announced a quarterly dividend of $0.39 per share.</p>

Blue Trust Inc. Sells 37,456 Shares of Synovus Financial Corp. $SNV