Company Shares of Synovus Financial Drops by -4.46%

Synovus Financial (NYSE:SNV) has tumbled 4.46% during the past week and has dropped 5.56% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.32%. Synovus Financial (NYSE:SNV) has underperformed the index by 6.42% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Synovus Financial (NYSE:SNV): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.38 and $29.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.54, notching a gain of 0.51% for the day. The total traded volume was 2,237,614 . The stock had closed at $29.39 on the previous day.

The company shares have dropped -3.75% from its 1 Year high price. On Nov 11, 2015, the shares registered one year high at $33.80 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $30.93 and the 200 Day Moving Average price is recorded at $30.02.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP/Chief Banking Officer) of Synovus Financial Corp, Copeland R Dallis Jr had sold 8,000 shares worth of $240,800 in a transaction dated May 17, 2016. In this transaction, 8,000 shares were sold at $30.1 per share.

Many analysts have stated their opinion on the company shares. Major Brokerage house, Raymond James downgrades its ratings on Synovus Financial (NYSE:SNV). According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on April 20, 2016. Currently the company Insiders own 1.3% of Synovus Financial shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -12.69% . Institutional Investors own 77.42% of Synovus Financial shares. During last six month period, the net percent change held by insiders has seen a change of -1.62%.

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 Companys 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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