Hovde Group Raises Entegra Financial Corp. (ENFC) Price Target to $32.00

Entegra Financial Corp. (NASDAQ:ENFC) had its target price increased by Hovde Group from $27.00 to $32.00 in a research report report published on Thursday morning, MarketBeat reports. The firm currently has an outperform rating on the bank’s stock.

Shares of Entegra Financial Corp. (NASDAQ ENFC) opened at 27.55 on Thursday. The stock has a market cap of $177.92 million, a P/E ratio of 23.75 and a beta of 0.32. Entegra Financial Corp. has a 52 week low of $18.10 and a 52 week high of $27.75. The stock has a 50 day moving average price of $25.39 and a 200-day moving average price of $23.86.

Entegra Financial Corp. (NASDAQ:ENFC) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. Entegra Financial Corp. had a return on equity of 6.96% and a net margin of 16.06%. The firm had revenue of $12.34 million for the quarter, compared to analyst estimates of $12.86 million. Equities analysts predict that Entegra Financial Corp. will post $1.32 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENFC. Acadian Asset Management LLC grew its holdings in shares of Entegra Financial Corp. by 10.8% during the second quarter. Acadian Asset Management LLC now owns 45,424 shares of the bank’s stock worth $1,034,000 after buying an additional 4,418 shares during the last quarter. Spark Investment Management LLC boosted its holdings in Entegra Financial Corp. by 12.7% in the 2nd quarter. Spark Investment Management LLC now owns 15,100 shares of the bank’s stock valued at $343,000 after purchasing an additional 1,700 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in Entegra Financial Corp. in the 2nd quarter valued at approximately $230,000. Bank of New York Mellon Corp purchased a new stake in Entegra Financial Corp. in the 2nd quarter valued at approximately $509,000. Finally, Seizert Capital Partners LLC boosted its holdings in 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 in the last quarter. 49.86% of the stock is currently owned by hedge funds and other institutional investors.

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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