Synovus Financial Corp. (NYSE:SNV) traded at a new 52-week high today of $50.19. Approximately 365,000 shares have changed hands today, as compared to an average 30-day volume of 874,000 shares.
Based on a current price of $49.65, Synovus Financial Corp. is currently 3.1% above its average consensus analyst price target of $48.09.
Over the past year, Synovus Financial Corp. has traded in a range of $10.91 to $50.19 and is now at $49.65, 355% above that low.
Synovus Financial operates dozens of community banks throughout Georgia, Alabama, Florida, Tennessee, and South Carolina. Concentrating on commercial loans and commercial real estate, the bank uses its small-town image to establish strong relationships with its small-business customers. The company’s business segments include Community Banking, Wholesale Banking, and Financial Management Services (FMS).
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