Today, the EVP & COO of Synovus (NYSE: SNV), Allen Gula, bought shares of SNV for $50K.
In addition to Allen Gula, 7 other SNV executives reported Buy trades in the last month. Following Allen Gula’s last SNV Buy transaction on February 01, 2018, the stock climbed by 3.9%.
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Based on Synovus’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $382 million and quarterly net profit of $103 million. In comparison, last year the company earned revenue of $344 million and had a net profit of $71.86 million. SNV’s market cap is $6.5B and the company has a P/E ratio of 22.33. Currently, Synovus has an average volume of 411.5K.
Nine different firms, including B.Riley FBR and Merrill Lynch, currently also have a Buy rating on the stock. Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $56.29, reflecting a -2.1% downside.
The insider sentiment on Synovus has been negative according to 175 insider trades in the past three months. This sentiment is lower 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.
