In a report released today, Tyler Stafford from Stephens maintained a Hold rating on Synovus (SNV), with a price target of $43. The company’s shares opened today at $34.85.
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 3.4% and a 50.4% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.
Synovus has an analyst consensus of Moderate Buy, with a price target consensus of $44.44, implying a 27.5% upside from current levels. In a report issued on January 2, Wells Fargo also maintained a Hold rating on the stock.
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Based on Synovus’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $109 million. In comparison, last year the company had a net profit of $29.61 million.
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.
