Synovus Financial Corp. (SNV) is Downgraded by Keefe Bruyette to Mkt Perform

Synovus Financial Corp. (SNV) was Downgraded by Keefe Bruyette to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Nov 29, 2016.

On the company’s financial health, Synovus Financial Corp. reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $0.50.Analysts expectations of $ 294.52.During the same quarter in the previous year, the company posted $0.42 EPS.

Synovus Financial Corp. opened for trading at $39.14 and hit $39.23 on the upside on Friday, eventually ending the session at $39.22, with a gain of 0.23% or 0.09 points. The heightened volatility saw the trading volume jump to 2,89,436 shares. Company has a market cap of $4,797 M.

In a different news, on Nov 9, 2016, Curtis J Perry (EVP& Chief Corp Banking Office) sold 8,000 shares at $33.66 per share price. According to the SEC, on Oct 28, 2016, Mark G Holladay (Exec.VP,Chief Risk Officer) sold 6,035 shares at $33.28 per share price. On Oct 21, 2016, Liliana C Mcdaniel (Chief Accounting Officer) sold 300 shares at $32.78 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.

Synovus Financial Corp.

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