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.
ILLEGAL ACTIVITY NOTICE: This story was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://sportsperspectives.com/2017/09/13/entegra-financial-corp-enfc-given-consensus-rating-of-buy-by-brokerages.html.
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.
Receive News & Ratings for Entegra Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegra Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.