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Synovus ( (SNV) ) just unveiled 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 be known as Pinnacle Financial Partners, Inc. post-merger. The merger, approved by the boards of directors of both companies, involves Synovus and Pinnacle merging into Newco, with subsequent mergers involving their respective banks. However, the merger has faced legal challenges, with three lawsuits filed alleging disclosure deficiencies in the joint proxy statement/prospectus. Despite these challenges, Synovus and Pinnacle are supplementing disclosures to avoid delays in the merger process, although they deny any wrongdoing.
The most recent analyst rating on (SNV) stock is a Buy with a $62.00 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.
Synovus’s strong valuation and positive earnings call outlook are offset by bearish technical indicators and financial performance concerns, particularly in cash flow and debt management. The stock’s attractive P/E ratio and dividend yield provide a solid foundation, but market sentiment and financial health need monitoring.
To see Spark’s full report on SNV stock, click here.
More about Synovus
Average Trading Volume: 1,782,280
Technical Sentiment Signal: Hold
Current Market Cap: $6.4B
Learn more about SNV stock on TipRanks’ Stock Analysis page.