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

Shares of Entegra Financial Corp. (NASDAQ:ENFC) have earned a consensus recommendation of “Buy” from the six brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $27.50.

ENFC has been the subject of several recent research reports. Compass Point initiated coverage on Entegra Financial Corp. in a report on Thursday, May 18th. They set a “buy” rating and a $27.00 price target for the company. FIG Partners initiated coverage on Entegra Financial Corp. in a report on Wednesday, May 31st. They set an “outperform” rating for the company. Finally, ValuEngine upgraded Entegra Financial Corp. from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd.

Shares of Entegra Financial Corp. (NASDAQ:ENFC) opened at 23.85 on Wednesday. The firm has a market cap of $154.02 million, a P/E ratio of 20.56 and a beta of 0.30. Entegra Financial Corp. has a 12-month low of $17.91 and a 12-month high of $24.40. The stock has a 50 day moving average price of $23.17 and a 200 day moving average price of $23.35.

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A number of institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System bought a new stake in Entegra Financial Corp. during the second quarter worth $265,000. The Manufacturers Life Insurance Company grew its holdings in Entegra Financial Corp. by 11,400.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,325 shares of the bank’s stock worth $144,000 after buying an additional 6,270 shares in the last quarter. State Street Corp bought a new stake in Entegra Financial Corp. during the second quarter worth $1,396,000. Salem Investment Counselors Inc. grew its holdings in Entegra Financial Corp. by 65.0% during the second quarter. Salem Investment Counselors Inc. now owns 24,750 shares of the bank’s stock worth $563,000 after buying an additional 9,750 shares in the last quarter. Finally, Castine Capital Management LLC grew its holdings in Entegra Financial Corp. by 1.5% during the second quarter. Castine Capital Management LLC now owns 238,595 shares of the bank’s stock worth $5,428,000 after buying an additional 3,595 shares in the last quarter. Institutional investors and hedge funds own 49.94% of the company’s stock.

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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