▼ -9.79% Downside Potential
This price target is based on 9 analysts offering 12 month price targets for Synovus Financial in the last 3 months. The average price target is $40.45, with a high forecast of $56.00 and a low forecast of $13.50. The average price target represents a -9.79% upside from the last price of $44.84.
The current consensus among 9 contributing investment analysts is to buy stock in Synovus Financial. This Buy consensus rating has held steady for over two years.
Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and retail banking products and services. It operates through three segments: Community Banking, Wholesale Banking, and Financial Management Services. The company's commercial banking services include treasury management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans. Its retail banking services comprise accepting customary types of demand and savings deposits accounts; mortgage, installment, and other consumer loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet-based banking services; and bank credit and debit card services. The company also offers various other financial services, including portfolio management for fixed-income securities, investment banking, execution of securities transactions as a broker/dealer, and financial planning services, as well as provides individual investment advice on equity and other securities. As of December 31, 2020, it operated through 289 branches and 389 ATMs in Alabama, Florida, Georgia, South Carolina, and Tennessee. The company was founded in 1888 and is headquartered in Columbus, Georgia.