Entegra Financial (ENFC) Announces Earnings Results

Share on StockTwits

Entegra Financial (NASDAQ:ENFC) issued its earnings results on Friday, October 19th. The bank reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.06), Fidelity Earnings reports. Entegra Financial had a return on equity of 9.16% and a net margin of 10.31%. The company had revenue of $14.26 million during the quarter, compared to analysts’ expectations of $14.56 million.

Shares of Entegra Financial stock traded up $0.22 on Friday, hitting $22.97. 16,027 shares of the company’s stock were exchanged, compared to its average volume of 13,405. The stock has a market capitalization of $158.23 million, a PE ratio of 16.18 and a beta of 0.44. Entegra Financial has a 1 year low of $21.99 and a 1 year high of $30.70. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.95 and a quick ratio of 0.95.

Several equities research analysts recently issued reports on ENFC shares. Zacks Investment Research cut shares of Entegra Financial from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. ValuEngine cut shares of Entegra Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. TheStreet cut shares of Entegra Financial from a “b-” rating to a “c+” rating in a report on Friday, August 24th. Finally, FIG Partners cut shares of Entegra Financial to a “market-perform” rating in a research note on Monday, July 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $31.00.

WARNING: This story was originally reported by Equities Focus and is owned by of Equities Focus. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.equitiesfocus.com/2018/11/10/entegra-financial-enfc-announces-earnings-results-misses-expectations-by-0-06-eps.html.

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.

Featured Story: Short Selling Stocks, A Beginner’s Guide

Earnings History for Entegra Financial (NASDAQ:ENFC)

Receive News & Ratings for Entegra Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegra Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply