Synovus Financial Corp (SNV) Files Form 4 Insider Selling : R Dallis Jr Copeland Sells 8,000 Shares

Synovus Financial Corp (SNV): R Dallis Jr Copeland , EVP/Chief Banking Officer of Synovus Financial Corp sold 8,000 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $30.10 per share for a total value of $240,800.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 4, 2016, Allan E Kamensky (EVP and Corporate Secretary) purchased 3,450 shares at $28.85 per share price.On Jan 22, 2016, Tim E Bentsen (director) purchased 2,700 shares at $28.09 per share price.Also, On Nov 9, 2015, Joseph J Jr Prochaska (director) purchased 1,800 shares at $33.36 per share price.On Jul 27, 2015, Kevin Joseph Howard (EVP and Chief Credit Officer) sold 5,430 shares at $31.85 per share price.

Shares of Synovus Financial Corp. (SNV) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.5 points or -1.59% at $30.97 with 10,57,562 shares getting traded. Post opening the session at $31.24, the shares hit an intraday low of $30.62 and an intraday high of $31.65 and the price vacillated in this range throughout the day. The company has a market cap of $3,886,735 M and the number of outstanding shares has been calculated to be 1,25,50,00,00,000 shares. The 52-week high of Synovus Financial Corp. is $33.8 and the 52-week low is $25.48.

Synovus Financial Corp. Money Flow Index Chart

Company has been under the radar of several Street Analysts.Synovus Financial Corp. is Reiterated by Hovde Group to Outperform and the brokerage firm has raised the Price Target to $ 34.50 from a previous price target of $31.50 .The Rating was issued on Apr 20, 2016.Synovus Financial Corp. is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 20, 2016.

Synovus Financial Corp. (Synovus) is a financial services and a bank holding company. The Company provides integrated financial services including commercial and retail banking financial management insurance and mortgage services to its customers through 28 locally branded banking divisions of its wholly owned subsidiary bank Synovus Bank and other offices in Georgia Alabama South Carolina Florida and Tennessee. Its retail banking services include accepting customary types of demand and savings deposits; mortgage installment and other retail loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet-based banking services and bank credit card services including MasterCard and Visa services. The Company’s commercial banking services include cash management asset management capital markets services institutional trust services and commercial financial and real estate loans.

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