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Synovus Financial (NYSE:SNV) EVP & Chief Financial Officer Andrew J. Gregory JR. reported purchasing 2,000 shares of common stock on July 29, 2025. The shares were bought at a price of $48.90, totaling $97,800.
Following the transaction, Gregory directly owns 58,220 shares of Synovus Financial. The insider buying aligns with the company’s strong fundamentals, including a 3.2% dividend yield and an impressive 52-year streak of consecutive dividend payments. According to InvestingPro, the stock currently appears undervalued based on its Fair Value analysis, with additional insights available in the comprehensive Pro Research Report covering this regional banking leader.
In other recent news, Synovus Financial has been active with several key developments. The company is in the spotlight after announcing a merger with Pinnacle Financial Partners (NASDAQ:PNFP), expected to close in the first quarter of 2026 pending necessary approvals. Fitch Ratings responded by revising Pinnacle Financial’s outlook to negative, while maintaining its long and short-term issuer default ratings at ’BBB’ and ’F3’. In response to the merger announcement, Raymond (NSE:RYMD) James downgraded Synovus Financial’s stock rating from Outperform to Market Perform. Despite this, Citi raised its price target for Synovus Financial to $65, citing strong quarterly loan growth as a significant factor. Moreover, Raymond James later upgraded Synovus Financial’s stock rating back to Outperform after the company reported second-quarter 2025 results that exceeded expectations. These results led to an increased outlook for the majority of 2025. Additionally, Synovus Financial has been exploring strategic merger options following interest from other parties.
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