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How to Buy Synovus Financial Stock

Synovus Financial Corp

Synovus Financial is a bank company located in Georgia, United States, which is part of the Financial Services sector, and is traded under the ticker SNV on the NYSE exchange.

Synovus Financial stock last closed at $36.76, down 0.19% from the previous day, and has increased 19.93% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.11 percentage points. Synovus Financial stock is currently +50.66% from its 52-week low of $24.40, and -10.17% from its 52-week high of $40.92.

There are currently 146.4M SNV shares outstanding. The market value of SNV is $5.38B. In the past 24 hours, 1M SNV shares were traded.

How to Buy Synovus Financial Stock

Wondering how to invest in Synovus Financial stock? Here's how.
  1. Choose where to buy Synovus Financial stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you decide where to buy Synovus Financial stock.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your brokerage account: Choose your method of payment and add your details.
  4. Analyze Synovus Financial stock: The Synovus Financial ticker symbol is SNV. Is Synovus Financial stock a good investment? Should you buy shares of SNV? How do SNV's underlying business fundamentals look? Do top analysts think Synovus Financial is a good buy? Why has SNV's stock price moved recently? (Hint: Our stock market research tools can help you understand if SNV is a good stock to buy).
  5. Make your SNV purchase: Decide if you will purchase SNV shares at the current market price or use a limit order to buy SNV stock at a given price.
  6. Get notifications regarding your SNV investment: Create a watchlist to keep track of your position in Synovus Financial stock.

Step 1: Choose where to buy Synovus Financial stock

You need an online brokerage account to access the NYSE market and buy SNV shares.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've picked the best brokerage, the next step is to fill out some personal info so you can buy SNV stock today.

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Step 3: Deposit funds into your brokerage account

Now that you have opened your account on one of the best stock trading apps, your next step is to transfer the money for your investment:

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Step 4: Analyze Synovus Financial stock

After you have figured out the best place to buy Synovus Financial stock, it's important to evaluate their stock prior to investing, so you can wrap your head around the risk and upside.

Synovus Financial shares at a glance

SNV Price
$36.76
1w %
-5.82%
1y %
19.93%
5y %
3.29%
P/E
10.56x
P/B
1.05x
P/S
2.64x
PEG
0.2x
Revenue
$2.03B
Earnings
$507.76M
Fore. Rev. Growth
9.92%
Fore. Earn. Growth
66.67%
Market Cap
$5.38B
Next Earnings
Apr 18, 2024
Next Dividend
N/A

SNV Fundamentals

WallStreetZen was designed to help average investors do more in-depth fundamental analysis in less time.

You can see all of the due diligence checks on SNV's stock page.

What is the fair value of SNV stock?

You can use a variety of different financial metrics, analyses, models, and charts to gauge SNV's intrinsic value.

Using relative valuations measures:

  • SNV may be undervalued based on its P/E ratio of 10.56x, relative to Banks - Regional industry P/E ratio of -12.31x
  • SNV may be overvalued based on its P/B ratio of 1.05x, relative to Banks - Regional industry P/B ratio of 0.96x
  • SNV could be undervalued based on its PEG ratio of 0.2x

You can access more valuation research on SNV's stock here.

A look at SNV Cashflows and Balance Sheet

Positive Health Checks:

  • SNV earnings of $697.73M is not sufficient to cover its interest payments.
  • SNV's operating cash flow of $1.28B allows it to safely service it's debt of $2.13B.

Negative Health Checks:

  • SNV has a relatively high debt to equity ratio of 10.68.
  • Total SNV debt is higher than 5 years ago, relative to shareholder equity.
  • SNV profit margin has gone down from 34.2% to 25% in the past year.

Is SNV stock a Buy, Hold, or Sell, according to analysts?

Out of 14 sell side analysts who track SNV, the consensus analyst rating on SNV is a Buy

Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.

Most Recent SNV Analyst Forecasts

John Pancari, a bottom 14% analyst from Evercore ISI Group maintains SNV with a hold rating and raises their SNV price target from $40.00 to $42.00, on Mar 28, 2024.

Jared Shaw, a bottom 4% analyst from Barclays initiates coverage on SNV with a hold rating and announces their SNV price target of $42.00, on Mar 8, 2024.

Manan Gosalia, a top 4% analyst from Morgan Stanley maintains SNV with a hold rating and raises their SNV price target from $29.00 to $37.00, on Feb 7, 2024.

Brody Preston, a top 13% analyst from UBS maintains SNV with a strong buy rating and raises their SNV price target from $42.00 to $44.00, on Jan 23, 2024.

Brady Gailey, a top 27% analyst from Keefe, Bruyette & Woods maintains SNV with a buy rating and raises their SNV price target from $45.00 to $46.00, on Jan 19, 2024.

You can dive deeper into what analysts are forecasting on the Synovus Financial stock forecast page.

Metrics for Advanced SNV Traders

SMA10
37.84
SMA20
38.36
SMA50
37.8
SMA100
36.87
SMA200
33.34
MACD
-0.26
MACD Signal
0.02
MACD Histogram
-0.28
RSI
39.41
Stochastic %K
12.82
Stochastic %D
17.31
StochRSI %K
0.24
StochRSI %D
6.57

How is SNV performing as a company?

Last year, SNV earnings were $507.76M. In the last five year, SNV's earnings have gone up by -0.06% per year. This was slower than the Banks - Regional industry average of 16.1%.

Last year, SNV revenue was $2.03B. Over the last five year, SNV's revenue has grown by 8.09% per year. This was faster than the Banks - Regional industry average of 7.26%.

Learn more about SNV's earnings and revenue performance here.

What are SNV insiders up to?

In the last 12 months, insiders at SNV have bought more shares than they have sold.

Jill K. Hurley, Chief Accounting Officer of SNV, was the latest SNV insider to sell. They sold $36,736.14 worth of SNV shares on Feb 28, 2024.

Dig into more about who owns SNV shares here.

Does SNV stock generate passive income?

Synovus Financial pays a dividend of 4.13%, compared to the Banks - Regional industry's average dividend yield of 3.95%. If you owned $1,000 worth of SNV stock, you would have been paid $41.35 in the past year.

Synovus Financial dividend payments have consistently grown over the past decade and have remained stable.

Find more analysis about Synovus Financial dividend yield and history here.

SNV Social Trading Data

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Step 5: Make your SNV purchase

There are two primary order types:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are usually the easiest way to buy.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at an exact price, use a limit order.

Hit the Open Trade button and your broker will place your order.

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Step 6: Get notifications regarding your SNV investment

Now that you own some shares in SNV, you'll want to keep up with your investment.

Start a watchlist to monitor your SNV stock.

SNV Feed

How to Buy Stock in Synovus Financial

To reiterate, here are the 6 steps to buy Synovus Financial stock:

  1. Choose where to buy Synovus Financial stock
  2. Sign up for your brokerage account
  3. Deposit funds into your brokerage account
  4. Analyze Synovus Financial stock
  5. Make your SNV purchase
  6. Get notifications regarding your SNV investment

If you require a brokerage, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep tabs on your investment in Synovus Financial, hit the button below to create your watchlist.

NYSE: SNV
$36.76-0.07 (-0.19%)
Updated Apr 15, 2024
Open eToro Account
NYSE: SNV
$36.76-0.07 (-0.19%)
Updated Apr 15, 2024
Open eToro Account

FAQ

How much does it cost to buy one Synovus Financial share?

As of Apr 15, 2024, it costs $36.76 to buy one share of Synovus Financial stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.272 shares of SNV.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Synovus Financial stock?

According to 14 Wall Street analysts who monitor Synovus Financial, their consensus recommendation is to buy Synovus Financial stock.

What is the best way to buy Synovus Financial stock?

One way to place an order for Synovus Financial stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.