Robert W. Baird Keeps a Hold Rating on Synovus

By Jason Carr

In a report released yesterday, David George from Robert W. Baird reiterated a Hold rating on Synovus (NYSE: SNV), with a price target of $40. The company’s shares closed yesterday at $42.30.

According to TipRanks.com, George is a 4-star analyst with an average return of 8.7% and a 71.3% success rate. George covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Capital One Financial, and Associated Banc-Corp.

Currently, the analyst consensus on Synovus is Moderate Buy and the average price target is $46.40, representing a 9.7% upside.

In a report issued on August 11, Jefferies also reiterated a Hold rating on the stock with a $47 price target.

The company has a one year high of $45.38 and a one year low of $31.41. Currently, Synovus has an average volume of 784.3K.

Based on the recent corporate insider activity of 153 insiders, corporate insider sentiment is negative on the stock. Last month, Curtis Perry, the EVP& Chief Corp Banking Office of SNV sold 7,062 shares for a total of $309,739.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Synovus Financial Corp. operates as a financial services and bank holding company. The company provides commercial and retail banking, financial management, insurance and mortgage services.