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Synovus ( (SNV) ) has provided an update.
On July 24, 2025, Synovus Financial Corp. entered into a Merger Agreement with Pinnacle Financial Partners and Steel Newco Inc., a newly formed corporation jointly owned by Synovus and Pinnacle. The merger, which involves both Synovus and Pinnacle merging into Newco, will result in Pinnacle Bank becoming a member of the Federal Reserve System, and Synovus Bank merging into Pinnacle Bank. On November 25, 2025, Synovus and Pinnacle announced that they received necessary regulatory approvals from the Federal Reserve System, Tennessee Department of Financial Institutions, and Georgia Department of Banking and Finance to complete the merger. The transaction is expected to close on January 1, 2026, pending the fulfillment of remaining conditions.
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
Average Trading Volume: 1,461,970
Technical Sentiment Signal: Buy
Current Market Cap: $6.77B
See more data about SNV stock on TipRanks’ Stock Analysis page.