Home Sectors Financial Services Stock to Track: Synovus Financial Corp. (NYSE: SNV)

Stock to Track: Synovus Financial Corp. (NYSE: SNV)

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Synovus Financial Corp. is in the financial services sector and is part of the banking industry. The company CEO is Kessel D Stelling. Synovus Financial Corp is a financial services and bank holding company. It provides financial services including commercial and retail banking, financial management, insurance and mortgage services. It also provides life insurance premium financing.

Previous Intraday Trading Performance:

The SNV stock showed a previous change of 2.47% with an open at 33.50 and a close of 34.05. It reached an intraday high of 34.12 and a low of 33.00.

Business Wire:  Synovus Names Dallas and Gunnlaugsson to South Carolina Advisory Board

Liquidity:

The stock has a market cap of $5.6b with 165.8m shares outstanding, of which the float is 159.7m shares. Trading volume reached 3,645,995 shares compared to its average volume of 2,970,825 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Synovus Financial Corp. shares returned 4.19% and in the past 30 trading days it returned -4.36%. Over three months, it changed -25.43%. In one year it has changed -29.54% and within that year its 52-week high was 57.40 and its 52-week low was 29.93. SNV stock is 13.77% above its 52 Week Low.

Our calculations show a 200 day moving average of 46.37 and a 50 day moving average of 35.18. Currently SNV stock is trading -26.56% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

SeekingAlpha:  Merger Arbitrage Mondays – January 7, 2018

Earnings:

The last annual fiscal EPS for the company was reported at 2.17 that ended on 31st of December 2017, which according to the previous close, that is a PE of 15.69. Based on 10 analyst estimates, the consensus EPS for the next quarter is 0.93. The TTM EPS is 3.45, which comes to a TTM PE of 9.87. Historically, the PE high was 29.40 and the PE low was 2.80. If the stock reached its PE low, that would represent a price of 9.66, which is a decrease of -71.63%.

The following are the last four quarter reported earnings per share:
09-30-2018:  0.95
06-30-2018:  0.92
03-31-2018:  0.86
12-31-2017:  0.72

The dividend per share is currently 1.00, which is a dividend yield of 2.94%. Also, the payout ratio is 28.99%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 45.64, which means it is possibly undervalued and has a margin of safety of 25.40%

Indicators to Watch:

Based on the latest filings, there is 119.60% of institutional ownership. Short-interest is 8,626,479, which is 5.20% of shares outstanding. The short-interest ratio or days-to-cover ratio is 4.14. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 1.22

SeekingAlpha:  Merger Arbitrage Mondays – January 7, 2018

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 11.80%, return on assets is 1.06%, profit margin is 26.97%, price-to-sales is 3.50 and price-to-book is 1.31.

Company Scores:

All scores are out of six:
 4  :Valuation Score
 3  :Past Performance Score
 6  :Financial Strength Score
 4  :Future Growth Score
 4  :Dividend Score
 4  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

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