Home Sectors Financial Services Current Performance: Synovus Financial Corp. (NYSE: SNV)

Current Performance: Synovus Financial Corp. (NYSE: SNV)

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Synovus Financial Corp. is part of the financial services sector and is in 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 4.76% with an open at 32.75 and a close of 33.87. It reached an intraday high of 33.98 and a low of 32.75.

Business Wire:  Synovus Announces Quarterly Dividends

Liquidity:

The stock has a market cap of $5.3b with 157.5m shares outstanding, of which the float is 151.1m shares. Trading volume reached 1,582,577 shares compared to its average volume of 1,581,705 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 0.50% and in the past 30 trading days it returned -8.29%. Over three months, it changed -13.82%. In one year it has changed -37.72% and within that year its 52-week high was 57.40 and its 52-week low was 29.93. SNV stock is 13.16% above its 52 Week Low.

Our calculations show a 200 day moving average of 38.36 and a 50 day moving average of 35.21. Currently SNV stock is trading -11.71% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

Business Wire:  Synovus Announces Quarterly Dividends

Earnings:

The last annual fiscal EPS for the company was reported at 3.46 that ended on 31st of December 2018, which according to the previous close, that is a PE of 9.79. Based on 10 analyst estimates, the consensus EPS for the next quarter is 0.90. The TTM EPS is 3.65, which comes to a TTM PE of 9.28. Historically, the PE high was 29.40 and the PE low was 9.28. SNV stock has set a new PE low record!

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 04/23/2019): 0.72
4thQtr of 2018 (Reported on 01/15/2019): 0.87
3rdQtr of 2018 (Reported on 10/23/2018): 0.84
2ndQtr of 2018 (Reported on 07/24/2018): 0.91
1stQtr of 2018 (Reported on 04/24/2018): 0.84

The dividend per share is currently 1.20, which is a dividend yield of 3.54%. Also, the payout ratio is 32.88%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 62.22, which means it is possibly undervalued and has a margin of safety of 45.56%.

Indicators to Watch:

Short-interest was 5,095,491, which was 3.24% of shares outstanding. The short-interest ratio or days-to-cover ratio was 2.63. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.31.

Business Wire:  LP Announces Acquisition of Siding Prefinisher

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 12.23%, return on assets is 1.13%, profit margin is 24.55%, price-to-sales is 2.79 and price-to-book is 1.16.

Company Scores:

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

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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.