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Synovus ( (SNV) ) has shared an announcement.
On July 24, 2025, Synovus Financial Corp. and Pinnacle Financial Partners, Inc. entered into a Merger Agreement to form a new entity, Steel Newco Inc., which will continue as Pinnacle Financial Partners, Inc. The merger is expected to significantly scale operations, improve profitability, and strengthen liquidity and capital positions, with the combined entity projected to have $117 billion in total assets and a strong market presence in the Southeast.
The most recent analyst rating on (SNV) stock is a Buy with a $65.00 price target. To see the full list of analyst forecasts on Synovus stock, see the SNV Stock Forecast page.
Spark’s Take on SNV Stock
According to Spark, TipRanks’ AI Analyst, SNV is a Neutral.
The overall stock score for Synovus is driven primarily by its strong financial performance and attractive valuation. Despite the bearish technical indicators, the company’s solid profitability and efficient cash flow management provide a stable foundation. The low P/E ratio and high dividend yield further enhance its appeal. However, the declining revenue growth and increasing debt levels are areas of concern that could impact future performance.
To see Spark’s full report on SNV stock, click here.
More about Synovus
Synovus Financial Corp. operates in the financial services industry, focusing on banking and financial products. The company is involved in a merger with Pinnacle Financial Partners, Inc., aiming to enhance its market position and operational scale.
Average Trading Volume: 1,377,647
Technical Sentiment Signal: Strong Buy
Current Market Cap: $6.69B
For a thorough assessment of SNV stock, go to TipRanks’ Stock Analysis page.