Entegra Financial Corp (NASDAQ:ENFC) has earned a consensus rating of “Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $32.50.
A number of research analysts have weighed in on ENFC shares. Hovde Group lifted their price target 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 report on Friday, December 1st. Finally, Zacks Investment Research raised shares of Entegra Financial from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Thursday, January 25th.
A number of hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. lifted its position in Entegra Financial by 71.0% during the fourth quarter. Bessemer Group Inc. now owns 11,800 shares of the bank’s stock valued at $345,000 after buying an additional 4,900 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Entegra Financial by 27.9% during the fourth quarter. Acadian Asset Management LLC now owns 61,371 shares of the bank’s stock worth $1,794,000 after purchasing an additional 13,398 shares in the last quarter. Wasatch Advisors Inc. acquired a new position in shares of Entegra Financial during the fourth quarter worth $3,224,000. Castine Capital Management LLC lifted its position in shares of Entegra Financial by 15.0% during the third quarter. Castine Capital Management LLC now owns 274,308 shares of the bank’s stock worth $6,845,000 after purchasing an additional 35,713 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Entegra Financial during the third quarter worth $202,000. 47.73% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Entegra Financial (NASDAQ ENFC) traded up $0.65 during mid-day trading on Thursday, reaching $28.85. 17,063 shares of the company’s stock were exchanged, compared to its average volume of 10,839. The firm has a market capitalization of $197.43, a PE ratio of 58.88 and a beta of 0.38. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.73. Entegra Financial has a 1 year low of $21.94 and a 1 year high of $30.70.
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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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