Analysts Set Entegra Financial Corp. (ENFC) Price Target at $32.00
Shares of Entegra Financial Corp. (NASDAQ:ENFC) have been assigned a consensus recommendation of “Buy” from the six brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $32.00.
Separately, Hovde Group increased their target price on shares of Entegra Financial from $27.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th.
In other news, insider Roger Plemens bought 3,672 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was bought at an average price of $27.20 per share, with a total value of $99,878.40. Following the completion of the transaction, the insider now directly owns 24,022 shares of the company’s stock, valued at approximately $653,398.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.57% of the company’s stock.
Large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its position in Entegra Financial by 11,400.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,325 shares of the bank’s stock valued at $144,000 after acquiring an additional 6,270 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in Entegra Financial during the second quarter valued at approximately $152,000. Bessemer Group Inc. lifted its position in Entegra Financial by 228.6% during the third quarter. Bessemer Group Inc. now owns 6,900 shares of the bank’s stock valued at $172,000 after acquiring an additional 4,800 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in Entegra Financial during the third quarter valued at approximately $202,000. Finally, Alpine Woods Capital Investors LLC purchased a new stake in Entegra Financial during the third quarter valued at approximately $225,000. 47.67% of the stock is owned by institutional investors.
Shares of Entegra Financial (NASDAQ ENFC) remained flat at $$28.10 on Monday. The company had a trading volume of 4,293 shares, compared to its average volume of 14,732. Entegra Financial has a twelve month low of $19.10 and a twelve month high of $28.65. The stock has a market cap of $192.61, a PE ratio of 19.38 and a beta of 0.36. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.73.
Entegra Financial (NASDAQ:ENFC) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. Entegra Financial had a net margin of 16.06% and a return on equity of 6.87%. The firm had revenue of $12.34 million during the quarter, compared to analysts’ expectations of $12.86 million. analysts anticipate that Entegra Financial will post 1.38 earnings per share for the current year.
Entegra Financial Company Profile
Entegra Financial Corp. is the holding company for Entegra Bank. The Company provides a range of financial services through full-service offices located in Cherokee, Henderson, Jackson, Macon, Polk and Transylvania counties, North Carolina and Anderson, Greenville, and Spartanburg counties, South Carolina.
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