TIAA CREF Investment Management LLC Acquires Shares of 15,927 Entegra Financial Corp. (ENFC)
TIAA CREF Investment Management LLC acquired a new stake in Entegra Financial Corp. (NASDAQ:ENFC) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 15,927 shares of the bank’s stock, valued at approximately $362,000. TIAA CREF Investment Management LLC owned about 0.25% of Entegra Financial Corp. at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in ENFC. Bank of New York Mellon Corp acquired a new stake in shares of Entegra Financial Corp. in the 2nd quarter valued at $509,000. Teachers Advisors LLC acquired a new stake in shares of Entegra Financial Corp. in the 2nd quarter valued at $256,000. Seizert Capital Partners LLC lifted its stake in shares of Entegra Financial Corp. by 49.1% in the 2nd quarter. Seizert Capital Partners LLC now owns 33,907 shares of the bank’s stock valued at $771,000 after purchasing an additional 11,171 shares during the last quarter. Schwab Charles Investment Management Inc. acquired a new position in Entegra Financial Corp. during the 2nd quarter worth $230,000. Finally, Acadian Asset Management LLC lifted its position in Entegra Financial Corp. by 10.8% during the 2nd quarter. Acadian Asset Management LLC now owns 45,424 shares of the bank’s stock worth $1,034,000 after acquiring an additional 4,418 shares during the last quarter. 47.67% of the stock is owned by institutional investors and hedge funds.
Entegra Financial Corp. (NASDAQ:ENFC) opened at $28.10 on Wednesday. The firm has a market cap of $189.52, a price-to-earnings ratio of 19.07 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 Corp. has a 52-week low of $18.90 and a 52-week high of $28.65.
Entegra Financial Corp. (NASDAQ:ENFC) last released its earnings results on Thursday, October 19th. The bank reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $12.34 million during the quarter, compared to analyst estimates of $12.86 million. Entegra Financial Corp. had a net margin of 16.06% and a return on equity of 6.87%. equities analysts expect that Entegra Financial Corp. will post 1.38 earnings per share for the current year.
In other news, insider Roger Plemens bought 3,672 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was purchased at an average price of $27.20 per share, with a total value of $99,878.40. Following the transaction, the insider now directly owns 24,022 shares in the company, valued at $653,398.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.90% of the stock is owned by insiders.
Separately, Hovde Group boosted their target price on shares of Entegra Financial Corp. from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $29.50.
About Entegra Financial Corp.
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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