Teachers Advisors LLC acquired a new stake in Entegra Financial Corp. (NASDAQ:ENFC) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,245 shares of the bank’s stock, valued at approximately $256,000. Teachers Advisors LLC owned about 0.17% of Entegra Financial at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in ENFC. Bank of New York Mellon Corp purchased a new position in shares of Entegra Financial in the 2nd quarter valued at $509,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Entegra Financial in the 2nd quarter valued at $230,000. Acadian Asset Management LLC grew its position in shares of Entegra Financial by 10.8% in the 2nd quarter. Acadian Asset Management LLC now owns 45,424 shares of the bank’s stock valued at $1,034,000 after buying an additional 4,418 shares during the last quarter. Spark Investment Management LLC grew its position in shares of Entegra Financial by 12.7% in the 2nd quarter. Spark Investment Management LLC now owns 15,100 shares of the bank’s stock valued at $343,000 after buying an additional 1,700 shares during the last quarter. Finally, Seizert Capital Partners LLC grew its position in shares of Entegra Financial by 49.1% in the 2nd quarter. Seizert Capital Partners LLC now owns 33,907 shares of the bank’s stock valued at $771,000 after buying an additional 11,171 shares during the last quarter. 46.06% of the stock is currently owned by institutional investors.
Shares of Entegra Financial Corp. (ENFC) traded up $0.10 during trading hours on Tuesday, reaching $28.95. 18,769 shares of the company were exchanged, compared to its average volume of 17,753. Entegra Financial Corp. has a 12-month low of $19.50 and a 12-month high of $29.88. The firm has a market cap of $199.80, a PE ratio of 20.10 and a beta of 0.38. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.90 and a current ratio of 0.91.
Entegra Financial (NASDAQ:ENFC) last released its earnings results on Thursday, October 19th. The bank reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Entegra Financial had a net margin of 16.06% and a return on equity of 6.87%. The company had revenue of $12.34 million during the quarter, compared to analysts’ expectations of $12.86 million.
A number of research analysts recently commented on ENFC shares. Hovde Group increased their target price on shares of Entegra Financial from $27.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th. ValuEngine cut shares of Entegra Financial from a “buy” rating to a “hold” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Entegra Financial has an average rating of “Buy” and an average price target of $29.50.
In other news, insider Roger Plemens bought 3,672 shares of Entegra Financial stock in a transaction dated Wednesday, November 1st. The stock was bought at an average price of $27.20 per share, for a total transaction of $99,878.40. Following the purchase, the insider now owns 24,022 shares of the company’s stock, valued at $653,398.40. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.90% of the stock is currently owned by company insiders.
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Entegra Financial Company Profile
Entegra Financial Corp. is the holding company for Entegra Bank. The Company provides a range of financial services through full-service offices located in Cherokee, Henderson, Jackson, Macon, Polk and Transylvania counties, North Carolina and Anderson, Greenville, and Spartanburg counties, South Carolina.
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