Entegra Financial Corp (NASDAQ:ENFC) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $30.00.
Several research analysts have recently issued reports on ENFC shares. TheStreet downgraded shares of Entegra Financial from a “b-” rating to a “c+” rating in a report on Friday, August 24th. FIG Partners downgraded shares of Entegra Financial to a “market-perform” rating in a report on Monday, July 23rd. Zacks Investment Research downgraded shares of Entegra Financial from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Finally, ValuEngine downgraded shares of Entegra Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd.
Shares of NASDAQ:ENFC traded down $0.65 during trading on Wednesday, hitting $23.26. 52 shares of the company were exchanged, compared to its average volume of 13,874. The company has a market capitalization of $164.78 million, a PE ratio of 16.77 and a beta of 0.44. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.95 and a current ratio of 0.95. Entegra Financial has a 1-year low of $21.99 and a 1-year high of $30.70.
Entegra Financial (NASDAQ:ENFC) last announced its quarterly earnings results on Friday, October 19th. The bank reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.06). The company had revenue of $14.26 million for the quarter, compared to analyst estimates of $14.56 million. Entegra Financial had a return on equity of 9.16% and a net margin of 10.31%. On average, equities analysts forecast that Entegra Financial will post 2.15 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its holdings in Entegra Financial by 99.3% in the second quarter. Renaissance Technologies LLC now owns 59,197 shares of the bank’s stock valued at $1,734,000 after purchasing an additional 29,497 shares during the period. Acadian Asset Management LLC increased its holdings in Entegra Financial by 10.8% in the second quarter. Acadian Asset Management LLC now owns 78,625 shares of the bank’s stock valued at $2,303,000 after purchasing an additional 7,656 shares during the period. Dimensional Fund Advisors LP increased its holdings in Entegra Financial by 47.3% in the second quarter. Dimensional Fund Advisors LP now owns 74,697 shares of the bank’s stock valued at $2,188,000 after purchasing an additional 23,970 shares during the period. First Trust Advisors LP acquired a new stake in Entegra Financial in the second quarter valued at $229,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in Entegra Financial by 31.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 13,300 shares of the bank’s stock valued at $386,000 after purchasing an additional 3,200 shares during the period. Institutional investors and hedge funds own 49.68% of the company’s stock.
Entegra Financial Company Profile
Entegra Financial Corp. operates as the bank holding company for Entegra Bank that provides various retail and commercial banking products and services in the United States. The company offers deposit accounts, including savings accounts, commercial and regular checking accounts, money market accounts, and individual retirement accounts, as well as certificates of deposit.
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