Synovus Financial Corp. $SNV Shares Sold by Stieven Capital Advisors L.P.

21 Nov 2025, 07:10 by Renee Jackson · The Cerbat Gem

Stieven Capital Advisors L.P. cut its position in shares of Synovus Financial Corp. (NYSE:SNV – Free Report) by 16.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 247,942 shares of the bank’s stock after selling 49,600 shares during the quarter. Synovus Financial comprises 2.5% of Stieven Capital Advisors L.P.’s portfolio, making the stock its 17th biggest position. Stieven Capital Advisors L.P.’s holdings in Synovus Financial were worth $12,831,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Montgomery Investment Management Inc. raised its holdings in Synovus Financial by 22.4% in the first quarter. Montgomery Investment Management Inc. now owns 51,993 shares of the bank’s stock valued at $2,430,000 after buying an additional 9,500 shares during the period. Pzena Investment Management LLC increased its position in shares of Synovus Financial by 1.7% in the second quarter. Pzena Investment Management LLC now owns 680,368 shares of the bank’s stock worth $35,209,000 after acquiring an additional 11,521 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Synovus Financial by 12.0% in the first quarter. Raymond James Financial Inc. now owns 146,153 shares of the bank’s stock worth $6,831,000 after acquiring an additional 15,629 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Synovus Financial in the 1st quarter valued at $668,000. Finally, Invesco Ltd. lifted its holdings in shares of Synovus Financial by 201.0% during the 1st quarter. Invesco Ltd. now owns 820,782 shares of the bank’s stock valued at $38,363,000 after acquiring an additional 548,092 shares in the last quarter. 83.85% of the stock is currently owned by hedge funds and other institutional investors.

Synovus Financial Stock Performance

Synovus Financial stock opened at $45.66 on Friday. Synovus Financial Corp. has a 52 week low of $35.94 and a 52 week high of $61.06. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.57. The stock has a market cap of $6.34 billion, a P/E ratio of 8.52, a price-to-earnings-growth ratio of 0.77 and a beta of 1.29. The stock has a 50 day moving average of $47.12 and a 200-day moving average of $49.09.

Synovus Financial (NYSE:SNV – Get Free Report) last posted its quarterly earnings results on Wednesday, October 15th. The bank reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.10. The firm had revenue of $612.79 million for the quarter, compared to analysts’ expectations of $604.59 million. Synovus Financial had a net margin of 21.97% and a return on equity of 16.13%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.23 earnings per share. On average, analysts expect that Synovus Financial Corp. will post 4.89 EPS for the current fiscal year.

Synovus Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Thursday, September 18th were paid a dividend of $0.39 per share. The ex-dividend date was Thursday, September 18th. This represents a $1.56 annualized dividend and a yield of 3.4%. Synovus Financial’s dividend payout ratio is presently 29.10%.

Insider Buying and Selling

In other news, Director Gregory G. Montana purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The shares were acquired at an average cost of $45.37 per share, with a total value of $45,370.00. Following the transaction, the director owned 5,464 shares in the company, valued at approximately $247,901.68. The trade was a 22.40% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SNV has been the topic of several research reports. Weiss Ratings lowered Synovus Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. DA Davidson reiterated a “buy” rating and set a $63.00 target price on shares of Synovus Financial in a report on Thursday, October 16th. Keefe, Bruyette & Woods lowered Synovus Financial from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $65.00 to $50.00 in a research report on Tuesday, August 12th. Truist Financial lowered their price objective on shares of Synovus Financial from $56.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Synovus Financial from $65.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 1st. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $58.56.

Check Out Our Latest Report on SNV

Synovus Financial Company Profile

(Free Report)

Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services. It operates through four segments: Community Banking, Wholesale Banking, Consumer Banking, and Financial Management Services. The company's commercial banking services include treasury and asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate lending services.