Synovus Financial Corp (SNV): Today's Featured Banking Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Synovus Financial ( SNV) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day down 0.6%. By the end of trading, Synovus Financial rose $0.04 (1.2%) to $3.31 on average volume. Throughout the day, 12,394,750 shares of Synovus Financial exchanged hands as compared to its average daily volume of 10,600,700 shares. The stock ranged in a price between $3.28-$3.34 after having opened the day at $3.29 as compared to the previous trading day's close of $3.27. Other companies within the Banking industry that increased today were: Citizens First Corporation ( CZFC), up 21.7%, Porter Bancorp ( PBIB), up 14.5%, Greene County Bancorp ( GCBC), up 8.2% and Credit Suisse ( DGAZ), up 7.5%.

Synovus financial corp., a financial services and bank holding company, provides integrated financial services. Its integrated financial services include commercial and retail banking, financial management, insurance, and mortgage services. Synovus Financial has a market cap of $2.6 billion and is part of the financial sector. Shares are up 36.3% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Synovus Financial a buy, 3 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Synovus Financial as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good.

On the negative front, Old Second Bancorp ( OSBC), down 11.1%, PSB Holdings ( PSBH), down 9.1%, Emclaire Financial Corporation ( EMCF), down 7.5% and Sussex Bancorp ( SBBX), down 6.2% , were all laggards within the banking industry with Bank of America Corporation ( BAC) being today's banking industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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