Synovus Financial Corp. (SNV) reported quarterly earnings results on Tuesday, Jul-19-2016. The company said it had a profit of $0.49 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.47. The company posted revenue of $289.30 million in the period, compared to analysts expectations of $288.32 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.
Many Wall Street Analysts have commented on Synovus Financial Corp.. Synovus Financial Corp. was Downgraded by BofA/Merrill to ” Neutral” on Jun 29, 2016.
Synovus Financial Corp. closed down -0.01 points or -0.03% at $30.05 with 11,87,828 shares getting traded on Monday. Post opening the session at $30, the shares hit an intraday low of $29.37 and an intraday high of $30.17 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on May 18, 2016, R Dallis Jr Copeland (EVP/Chief Banking Officer) sold 8,000 shares at $30.10 per share price. According to the SEC, 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, according to the Form-4 filing with the securities and exchange commission.
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.