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 $34.91, up 2.98% from the previous day, and has increased 10.06% in one year. It has underperformed other stocks in the Banks - Regional industry by 0 percentage points. Synovus Financial stock is currently +43.07% from its 52-week low of $24.40, and -14.69% from its 52-week high of $40.92.
There are currently 146.4M SNV shares outstanding. The market value of SNV is $5.11B. In the past 24 hours, 2.6M SNV shares were traded.
How to Buy Synovus Financial Stock
Wondering how to invest in Synovus Financial stock? Here's how.
- 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.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Choose your method of payment and add your details.
- 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).
- 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.
- 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.
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Open eToro AccountStep 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.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create your new trading account.
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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:
Check out the video below for more details transferring money into your investment account.
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 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 10.03x, relative to Banks - Regional industry P/E ratio of -10.33x
- SNV may be overvalued based on its P/B ratio of 1x, relative to Banks - Regional industry P/B ratio of 0.97x
- SNV could be undervalued based on its PEG ratio of 0.19x
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 17 sell side analysts who track SNV, the consensus analyst rating on SNV is a Strong Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent SNV Analyst Forecasts
Ryan Nash, a top 27% analyst from Goldman Sachs maintains SNV with a hold rating and lowers their SNV price target from $46.00 to $41.00, on Apr 19, 2024.
Timur Braziler, a top 40% analyst from Wells Fargo maintains SNV with a strong buy rating and lowers their SNV price target from $42.00 to $40.00, on Apr 19, 2024.
Steven Alexopoulos, a bottom 3% analyst from JP Morgan maintains SNV with a strong buy rating and lowers their SNV price target from $50.00 to $48.00, on Apr 19, 2024.
Ebrahim Poonawala, a top 20% analyst from Bank of America maintains SNV with a strong buy rating and lowers their SNV price target from $44.00 to $40.00, on Apr 19, 2024.
Casey Haire, a bottom 17% analyst from Jefferies maintains SNV with a strong buy rating and lowers their SNV price target from $46.00 to $43.00, on Apr 8, 2024.
You can dive deeper into what analysts are forecasting on the Synovus Financial stock forecast page.
Metrics for Advanced SNV Traders
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 16.23%.
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 7.35%.
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 4.35%, compared to the Banks - Regional industry's average dividend yield of 3.89%. If you owned $1,000 worth of SNV stock, you would have been paid $43.54 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
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
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.
If you need more info about investing in stocks on eToro, watch the how to video below:
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:
- Choose where to buy Synovus Financial stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Analyze Synovus Financial stock
- Make your SNV purchase
- Get notifications regarding your SNV investment
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep tabs on your investment in Synovus Financial, hit the button below to create your watchlist.
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