Entegra Financial (NASDAQ:ENFC) Downgraded by ValuEngine

ValuEngine lowered shares of Entegra Financial (NASDAQ:ENFC) from a hold rating to a sell rating in a research report report published on Thursday, ValuEngine reports.

ENFC traded up $0.01 during midday trading on Thursday, hitting $29.87. The company had a trading volume of 10,024 shares, compared to its average volume of 10,728. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.95 and a quick ratio of 0.94. The company has a market capitalization of $206.71 million, a P/E ratio of 14.22 and a beta of 0.70. Entegra Financial has a twelve month low of $19.18 and a twelve month high of $30.24. The firm has a 50-day moving average price of $29.80.

A number of institutional investors and hedge funds have recently bought and sold shares of ENFC. BNP Paribas Arbitrage SA grew its position in shares of Entegra Financial by 2,053.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,400 shares of the bank’s stock worth $31,000 after buying an additional 1,335 shares during the period. Bank of America Corp DE grew its position in shares of Entegra Financial by 36.2% during the 4th quarter. Bank of America Corp DE now owns 6,414 shares of the bank’s stock worth $134,000 after buying an additional 1,706 shares during the period. Beese Fulmer Investment Management Inc. acquired a new stake in shares of Entegra Financial during the 1st quarter worth approximately $206,000. Rhumbline Advisers acquired a new stake in shares of Entegra Financial during the 1st quarter worth approximately $206,000. Finally, First Trust Advisors LP grew its position in shares of Entegra Financial by 18.7% during the 4th quarter. First Trust Advisors LP now owns 12,422 shares of the bank’s stock worth $258,000 after buying an additional 1,954 shares during the period. Hedge funds and other institutional investors own 49.58% of the company’s stock.

About Entegra Financial

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, certificates of deposit, money market accounts, commercial and regular checking accounts, and individual retirement accounts.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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