FIG Partners Comments on Entegra Financial Corp.’s FY2017 Earnings (NASDAQ:ENFC)
Entegra Financial Corp. (NASDAQ:ENFC) – FIG Partners dropped their FY2017 earnings per share (EPS) estimates for Entegra Financial Corp. in a research report issued to clients and investors on Wednesday. FIG Partners analyst C. Marinac now expects that the bank will post earnings per share of $1.38 for the year, down from their previous estimate of $1.40. FIG Partners currently has a “Outperform” rating on the stock. FIG Partners also issued estimates for Entegra Financial Corp.’s Q4 2017 earnings at $0.32 EPS, Q1 2018 earnings at $0.40 EPS, Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.50 EPS and FY2018 earnings at $1.80 EPS.
ENFC has been the topic of a number of other research reports. Compass Point began coverage on Entegra Financial Corp. in a report on Thursday, May 18th. They issued a “buy” rating and a $27.00 price objective on the stock. Hovde Group started coverage on Entegra Financial Corp. in a report on Wednesday, April 5th. They issued an “outperform” rating and a $27.50 price objective on the stock. Finally, ValuEngine raised Entegra Financial Corp. from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $27.25.
Entegra Financial Corp. (NASDAQ ENFC) traded up 0.43% during mid-day trading on Thursday, reaching $23.35. 195 shares of the company’s stock were exchanged. Entegra Financial Corp. has a one year low of $17.41 and a one year high of $24.40. The firm has a market capitalization of $150.79 million, a P/E ratio of 20.13 and a beta of 0.30. The company’s 50-day moving average is $23.15 and its 200 day moving average is $23.09.
A hedge fund recently raised its stake in Entegra Financial Corp. stock. Acadian Asset Management LLC raised its position in Entegra Financial Corp. (NASDAQ:ENFC) by 10.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,424 shares of the bank’s stock after buying an additional 4,418 shares during the period. Acadian Asset Management LLC owned 0.70% of Entegra Financial Corp. worth $1,034,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 43.62% 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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