Entegra Financial Corp. (NASDAQ:ENFC) insider Roger Plemens acquired 3,672 shares of the stock in a transaction dated Wednesday, November 1st. The shares were bought at an average cost of $27.20 per share, with a total value of $99,878.40. Following the transaction, the insider now directly owns 24,022 shares of the company’s stock, valued at $653,398.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Entegra Financial Corp. (NASDAQ:ENFC) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. The business 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 6.96%.

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Hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in Entegra Financial Corp. by 11,400.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,325 shares of the bank’s stock valued at $144,000 after purchasing an additional 6,270 shares in the last quarter. New York State Common Retirement Fund bought a new stake in Entegra Financial Corp. during the 2nd quarter valued at $152,000. Schwab Charles Investment Management Inc. bought a new stake in Entegra Financial Corp. during the 2nd quarter valued at $230,000. Teachers Advisors LLC bought a new stake in Entegra Financial Corp. during the 2nd quarter valued at $256,000. Finally, California State Teachers Retirement System bought a new stake in Entegra Financial Corp. during the 2nd quarter valued at $265,000. Institutional investors and hedge funds own 49.86% of the company’s stock.

Separately, Hovde Group increased their price objective 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Entegra Financial Corp. has a consensus rating of “Buy” and an average target price 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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