Synovus Financial CEO Blair buys $199k in shares

Synovus (NYSE:SNV) Financial Corp NASDAQ:SNV President and CEO Kevin S. Blair, acquired 4,040 shares of common stock on July 29, 2025, at a price of $49.40, in one transaction, according to a Form 4 filing with the Securities and Exchange Commission. The purchase comes as the stock trades near InvestingPro’s Fair Value range, despite a sharp 17.6% decline over the past week. The regional bank, valued at $6.8 billion, has maintained dividend payments for 52 consecutive years.

The purchase amounted to a total value of $199,576. Following the transaction, Blair directly owns 164,378 shares of Synovus Financial Corp. Blair also directly owns 2,000 shares of Fixed/Floating Rate Non-Cum Perpetual Preferred Stock Ser D. With analysts setting price targets between $54 and $65, InvestingPro analysis reveals 7 additional key insights about SNV’s financial health and market position.

In other recent news, Synovus Financial Corp. reported quarterly results that surpassed both Raymond (NSE:RYMD) James’ forecasts and consensus estimates, leading the firm to upgrade Synovus from Market Perform to Outperform. This positive performance prompted Synovus to revise most of its 2025 outlook favorably. Meanwhile, Citi raised its price target for Synovus Financial to $65 from $57, maintaining a Buy rating due to the bank’s robust quarterly loan growth, which was highlighted as one of its best in several years.

In a related development, Pinnacle Financial Partners (NASDAQ:PNFP) announced plans to acquire Synovus Financial, with the transaction expected to close in the first quarter of 2026, subject to approvals. However, Fitch Ratings revised Pinnacle’s outlook to negative from stable, although its long and short-term issuer default ratings remain unchanged. Following the merger announcement, Raymond James downgraded Synovus Financial’s stock rating to Market Perform from Outperform.

Additionally, Synovus Financial has been exploring strategic options, including potential mergers, after attracting interest from other parties. The company has engaged a financial adviser and held discussions with at least one competitor, according to sources familiar with the matter. These developments indicate significant strategic moves and market reactions surrounding both Synovus Financial and Pinnacle Financial.

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