Entegra Financial (ENFC) Given Consensus Rating of “Buy” by Brokerages

Shares of Entegra Financial (NASDAQ:ENFC) have been assigned a consensus rating of “Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $32.50.

ENFC has been the subject of a number of research analyst reports. ValuEngine lowered Entegra Financial from a “buy” rating to a “hold” rating in a research note on Thursday, May 3rd. Zacks Investment Research upgraded Entegra Financial from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Thursday, January 25th. Finally, Sandler O’Neill set a $33.00 target price on Entegra Financial and gave the stock a “buy” rating in a research note on Monday, April 23rd.

Shares of ENFC opened at $28.80 on Friday. Entegra Financial has a 12 month low of $28.40 and a 12 month high of $28.80. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.57. The firm has a market cap of $198.39 million, a PE ratio of 16.84 and a beta of 0.27.

Entegra Financial (NASDAQ:ENFC) last issued its quarterly earnings data on Thursday, April 19th. The bank reported $0.51 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.03). Entegra Financial had a net margin of 8.03% and a return on equity of 7.90%. The business had revenue of $14.05 million for the quarter, compared to analysts’ expectations of $14.52 million. analysts forecast that Entegra Financial will post 2.1 earnings per share for the current year.

Hedge funds have recently modified their holdings of the stock. Wasatch Advisors Inc. purchased a new position in Entegra Financial in the 4th quarter worth $3,224,000. Penn Capital Management Co. Inc. purchased a new position in Entegra Financial in the 4th quarter worth $743,000. Dimensional Fund Advisors LP purchased a new position in Entegra Financial in the 3rd quarter worth $202,000. Martingale Asset Management L P raised its stake in Entegra Financial by 85.0% in the 4th quarter. Martingale Asset Management L P now owns 27,202 shares of the bank’s stock worth $796,000 after acquiring an additional 12,501 shares during the last quarter. Finally, M Holdings Securities Inc. purchased a new position in Entegra Financial in the 4th quarter worth $554,000. Institutional investors own 49.14% 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, commercial and regular checking accounts, money market accounts, and individual retirement accounts, as well as certificates of deposit.

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