Entegra Financial (ENFC) Rating Lowered to Hold at Zacks Investment Research

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Entegra Financial (NASDAQ:ENFC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday, September 19th.

According to Zacks, “Entegra Financial Corp. is a municipal bank. It operates as the holding company of Macon Bank. The Company offers a range of deposit accounts, including savings accounts, certificates of deposit, money market accounts, commercial and regular checking accounts, and individual retirement accounts. It invests primarily in loans secured by real estate, including commercial real estate loans, one-to four-family residential loans, construction loans, home equity loans and lines of credit. Entegra Financial Corp. is based in United States. “

ENFC has been the subject of a number of other research reports. FIG Partners lowered shares of Entegra Financial to a “market-perform” rating in a research report on Monday, July 23rd. Compass Point upgraded shares of Entegra Financial from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Thursday, June 28th. Finally, TheStreet downgraded shares of Entegra Financial from a “b-” rating to a “c+” rating in a report on Friday, August 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.25.

Shares of ENFC stock traded down $0.22 on Wednesday, hitting $24.98. The company’s stock had a trading volume of 18,430 shares, compared to its average volume of 14,456. The firm has a market cap of $182.97 million, a PE ratio of 17.59 and a beta of 0.19. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.47. Entegra Financial has a fifty-two week low of $24.30 and a fifty-two week high of $30.70.

Entegra Financial (NASDAQ:ENFC) last released its earnings results on Thursday, July 19th. The bank reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.08). The firm had revenue of $13.61 million for the quarter, compared to analyst estimates of $15.18 million. Entegra Financial had a return on equity of 8.61% and a net margin of 9.25%. As a group, 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. American Century Companies Inc. bought a new stake in Entegra Financial in the first quarter valued at about $206,000. First Trust Advisors LP bought a new stake in Entegra Financial in the second quarter valued at about $229,000. Schwab Charles Investment Management Inc. increased its stake 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 acquiring an additional 3,200 shares during the period. Penn Capital Management Co. Inc. increased its stake in Entegra Financial by 39.4% in the first quarter. Penn Capital Management Co. Inc. now owns 35,429 shares of the bank’s stock valued at $1,027,000 after acquiring an additional 10,014 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Entegra Financial by 89.0% in the first quarter. Dimensional Fund Advisors LP now owns 50,727 shares of the bank’s stock valued at $1,471,000 after acquiring an additional 23,891 shares during the period. 49.64% of the stock is currently owned by institutional investors and hedge funds.

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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