Synovus Financial Corp. stock performance trend indicates that the stock price has rallied 0.94% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 29.24% . Looking at the past 52 week period, the stock price is up at 43.63% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Synovus Financial Corp. has a positive value of 33.76 compared to overall market.Synovus Financial Corp. is having a Relative Strength Index of 49.26 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Synovus Financial Corp. (NYSE:SNV) has tumbled 0.47% during the past week and has dropped 0.83% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.71%. Synovus Financial Corp. (NYSE:SNV) has underperformed the index by 1.96% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Company shares have received an average consensus rating of Hold for the current week Synovus Financial Corp. (NYSE:SNV) : On Friday heightened volatility was witnessed in Synovus Financial Corp. (NYSE:SNV) which led to swings in the share price. The stock opened for trading at $41.9 and hit $42.15 on the upside , eventually ending the session at $42.04, with a gain of 0.41% or 0.17 points. The heightened volatility saw the trading volume jump to 1,405,918 shares. The 52-week high of the share price is $44.09 and the company has a market cap of $5,144 million. The 52-week low of the share price is at $26.9 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Synovus Financial Corp. was Initiated by JMP Securities to Mkt Perform on Feb 2, 2017. Synovus Financial Corp. was Upgraded by Wells Fargo to Market Perform on Jan 9, 2017. Synovus Financial Corp. was Downgraded by Hovde Group on Jan 9, 2017 to Market Perform, Lowers Price Target to $ 44 from a previous price target of $52 .
Company has reported several Insider transactions to the SEC, on Jan 25, 2017, Allen J Gula (EVP & Chief Operations Officer) sold 2,450 shares at 41.76 per share price.On Nov 9, 2016, Curtis J Perry (EVP& Chief Corp Banking Office) sold 8,000 shares at 33.66 per share price.On Oct 28, 2016, Mark G Holladay (Exec.VP,Chief Risk Officer) sold 6,035 shares at 33.28 per share price.
Synovus Financial Corp. Last issued its quarterly earnings results on Jan 17, 2017. The company reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.53.Analysts expectations of $ 300.21.During the same quarter in the previous year, the company posted $0.44 EPS.
Synovus Financial Corp. is engaged in two reportable business segments: banking, which is primarily involved in commercial banking activities and also provides retail banking, trust services, mortgage banking, securities brokerage and insurance services, and transaction processing, which includes credit, debit, commercial and retail card processing and related services and debt collection and bankruptcy management services.