In a report released today, Tyler Stafford from Stephens assigned a Hold rating to Synovus (NYSE: SNV), with a price target of $54. The company’s shares opened today at $48.16.
According to TipRanks.com, Stafford is a 5-star analyst with an average return of 16.0% and a 74.2% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pinnacle Financial Partners.
The word on The Street in general, suggests a Hold analyst consensus rating for Synovus with a $56.40 average price target.
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The company has a one-year high of $57.40 and a one-year low of $43.13. Currently, Synovus has an average volume of 1.28M.
Based on the recent corporate insider activity of 173 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SNV in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Synovus Financial Corp. is a bank holding company, which engages in the provision of financial services. It offers commercial and retail banking, financial management, insurance, and mortgage services to its customers. The company was founded in 1972 and is headquartered in Columbus, GA.
