Morgan Stanley analyst Ken Zerbe maintained a Buy rating on Synovus (SNV) today and set a price target of $43.00. The company’s shares closed last Monday at $33.60.
According to TipRanks.com, Zerbe is a 3-star analyst with an average return of 2.1% and a 48.9% success rate. Zerbe covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, People’s United Financial, and Commerce Bancshares Inc.
Synovus has an analyst consensus of Strong Buy, with a price target consensus of $41.40.
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Based on Synovus’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $156 million. In comparison, last year the company had a net profit of $109 million.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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 private banking, treasury management, wealth management, premium finance and international banking, commercial and retail banking, financial management, insurance, and mortgage services to its customers.
