Synovus Financial Corp (NYSE:SNV).
Raymond James & Associates bought 28,675 shares during the last quarter increasing its holdings in Synovus Financial Corp by 31.8%. Its investment was valued at $5,468,000 an increase of 37.3% according to the filing.
Several firms have updated their holdings. Eagle Asset Management Inc bolstered its investment by buying 671,971 shares an increase of 25.0% in the quarter. Eagle Asset Management Inc now controls 3,362,104 shares worth $156,270,000. The value of the position overall is up by 31.3%. First Mercantile Trust Co trimmed its ownership by selling 270 shares a decrease of 3.9% from 06/30/2017 to 09/30/2017. First Mercantile Trust Co currently owns 6,640 shares valued at $306,000. The total value of its holdings decreased 0.0%.
As of quarter end Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had sold a total of 124 shares trimming its position 0.7%. The value of the company’s investment in Synovus Financial Corp went from $790,000 to $816,000 a change of 3.3% quarter over quarter.
October 20 investment analysts at Robert W. Baird held the stock rating at “Hold” projecting a price of $43.00. On October 19 Keefe, Bruyette & Woods maintained a stock rating of “Hold” targeting a price of $48.00.
On October 18 analysts at Barclays PLC released a research note on SNV and giving a rating of “Hold” and establishing a price target of $49.00. On October 12 Jefferies Group LLC kept the company rating at “Hold” with a current price target of $50.00.
On October 12 SunTrust Banks held the company rating at “Buy” targeting a price of $51.00. September 16 investment analysts at Sanford C. Bernstein left the stock rating at “Market Perform” projecting a price of $42.00.
In the market the company is trading up by 0.35% since yesterday’s close of 46.21. The company’s P/E ratio is 18.70 and market cap is 5.54B. As of the latest earnings report the EPS was $2.48 with 119.57M shares currently outstanding.
Traders are feeling more bullish on the company lately if you watch the fall in short interest. The stock realized a fall in short interest between September 29, 2017 and October 13, 2017 of -1.46%. Short shares fell from 1,480,826 to 1,459,148 over that period. The days to cover increased to 3.0 and the percentage of shorted shares was 0.01% on October 13.Advertisement