Latest news with #SynovusFinancial
Yahoo
3 days ago
- Business
- Yahoo
Synovus (SNV) Dives 12.5% on $8.6-Billion Merger with Pinnacle
We recently published . Synovus Financial Corp. (NYSE:SNV) is one of the worst-performing stocks on Friday. Synovus Financial fell by 12.54 percent on Friday to close at $49.61 apiece, its third consecutive day, as investors turned cautious over its planned $8.6-billion all-stock merger with Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Under the transaction, shares of Synovus and Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) will be converted into shares of a new Pinnacle parent company based on a fixed exchange ratio of 0.5237 Synovus shares per Pinnacle share. Source: Unsplash Synovus Financial Corp. (NYSE:SNV) Chairman, CEO and President Kevin Blair will serve as the combined entity's president and CEO; while Terry Turner, president and CEO of Pinnacle, will serve as the chairman of the combined entity's board of directors. The companies said they expect the transaction to close in the first quarter of 2026, subject to regulatory and both companies' shareholders' approvals. While we acknowledge the potential of SNV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
Yahoo
4 days ago
- Business
- Yahoo
Why Synovus (SNV) Might be Well Poised for a Surge
Investors might want to bet on Synovus Financial (SNV), as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The upward trend in estimate revisions for this holding company for Synovus Bank reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. Consensus earnings estimates for the next quarter and full year have moved considerably higher for Synovus Financial, as there has been strong agreement among the covering analysts in raising estimates. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: 12 Month EPS Current-Quarter Estimate Revisions The company is expected to earn $1.35 per share for the current quarter, which represents a year-over-year change of +9.8%. Over the last 30 days, eight estimates have moved higher for Synovus compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 7.45%. Current-Year Estimate Revisions For the full year, the company is expected to earn $5.44 per share, representing a year-over-year change of +22.8%. There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, 10 estimates have moved up for Synovus versus no negative revisions. This has pushed the consensus estimate 6.97% higher. Favorable Zacks Rank Thanks to promising estimate revisions, Synovus currently carries a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. Bottom Line Synovus shares have added 10% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Synovus Financial Corp. (SNV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Are You Looking for a Top Momentum Pick? Why Synovus Financial (SNV) is a Great Choice
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Synovus Financial (SNV), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Synovus Financial currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Set to Beat the Market? Let's discuss some of the components of the Momentum Style Score for SNV that show why this holding company for Synovus Bank shows promise as a solid momentum pick. A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For SNV, shares are up 2.2% over the past week while the Zacks Banks - Southeast industry is up 0.6% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 9.99% compares favorably with the industry's 4.23% performance as well. While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Shares of Synovus Financial have increased 28.62% over the past quarter, and have gained 21.25% in the last year. On the other hand, the S&P 500 has only moved 16.43% and 18.63%, respectively. Investors should also pay attention to SNV's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. SNV is currently averaging 2,020,881 shares for the last 20 days. Earnings Outlook The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with SNV. Over the past two months, 10 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost SNV's consensus estimate, increasing from $5.07 to $5.44 in the past 60 days. Looking at the next fiscal year, 10 estimates have moved upwards while there have been no downward revisions in the same time period. Bottom Line Given these factors, it shouldn't be surprising that SNV is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Synovus Financial on your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Synovus Financial Corp. (SNV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Why Synovus Financial (SNV) Stock Is Trading Lower Today
What Happened? Shares of regional banking company Synovus Financial (NYSE:SNV) fell 12.1% in the afternoon session after the company announced its acquisition by Pinnacle Financial Partners in an $8.6 billion all-stock deal. The transaction aimed to create a combined bank with over $100 billion in assets focused on the southeastern U.S. However, investors reacted negatively, with analysts noting general skepticism around large "merger of equals" (MOEs), where stocks involved often underperformed as investors took a wait-and-see approach. Adding to the concerns, Pinnacle's stock also fell after multiple brokerages downgraded it due to heightened deal execution risk. Furthermore, an investor rights law firm launched an investigation into whether the merger was fair to Synovus shareholders, questioning if the board obtained the best possible price for the company. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Synovus Financial? Access our full analysis report here, it's free. What Is The Market Telling Us Synovus Financial's shares are somewhat volatile and have had 12 moves greater than 5% over the last year. But moves this big are rare even for Synovus Financial and indicate this news significantly impacted the market's perception of the business. Synovus Financial is down 2.5% since the beginning of the year, and at $49.57 per share, it is trading 16.8% below its 52-week high of $59.60 from July 2025. Investors who bought $1,000 worth of Synovus Financial's shares 5 years ago would now be looking at an investment worth $2,443. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Why Pinnacle Financial Partners (PNFP) Stock Is Falling Today
What Happened? Shares of regional banking company Pinnacle Financial Partners (NASDAQ:PNFP) fell 11.6% in the afternoon session after it announced it would merge with Synovus Financial in an $8.6 billion all-stock transaction. The negative reaction stemmed from several concerns. Analysts pointed out that investors might have hoped for a buyout from a larger bank, which likely would have commanded a higher premium. The deal's structure also caused apprehension, with reports highlighting a potential 9% dilution in tangible book value and the complexities of integrating the two companies. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Pinnacle Financial Partners? Access our full analysis report here, it's free. What Is The Market Telling Us Pinnacle Financial Partners's shares are not very volatile and have only had 8 moves greater than 5% over the last year. Moves this big are rare for Pinnacle Financial Partners and indicate this news significantly impacted the market's perception of the business. Pinnacle Financial Partners is down 18.6% since the beginning of the year, and at $92.38 per share, it is trading 28.9% below its 52-week high of $129.87 from November 2024. Investors who bought $1,000 worth of Pinnacle Financial Partners's shares 5 years ago would now be looking at an investment worth $2,301. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
