Today, the Chairman, CEO, & President of Synovus (SNV), Kessel Stelling, bought shares of SNV for $260.4K.
Following Kessel Stelling’s last SNV Buy transaction on July 29, 2013, the stock climbed by 14.0%. This recent transaction increases Kessel Stelling’s holding in the company by 2.02% to a total of $13.45 million.
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Based on Synovus’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $416 million and quarterly net profit of $109 million. In comparison, last year the company earned revenue of $359 million and had a net profit of $98.01 million. SNV’s market cap is $4.14B and the company has a P/E ratio of 12.57. Currently, Synovus has an average volume of 3.68M.
Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $47.10, reflecting a 35.4% upside. Five different firms, including KBW and Morgan Stanley, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $52.21K worth of SNV shares and purchased $260.4K worth of SNV shares. The insider sentiment on Synovus has been positive according to 173 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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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.
