Entegra Financial (NASDAQ:ENFC) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

Separately, Hovde Group lifted their target price on shares of Entegra Financial from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $29.50.

Entegra Financial (NASDAQ ENFC) traded up $0.15 on Friday, hitting $29.15. 8,936 shares of the company were exchanged, compared to its average volume of 13,047. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.90 and a current ratio of 0.91. Entegra Financial has a 52 week low of $19.30 and a 52 week high of $29.88. The stock has a market cap of $199.80, a PE ratio of 20.10 and a beta of 0.38.

Entegra Financial (NASDAQ:ENFC) last released its earnings results on Thursday, October 19th. The bank reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Entegra Financial had a net margin of 16.06% and a return on equity of 6.87%. The company had revenue of $12.34 million for the quarter, compared to analysts’ expectations of $12.86 million.

In related news, insider Roger Plemens purchased 3,672 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were acquired at an average price of $27.20 per share, for a total transaction of $99,878.40. Following the purchase, the insider now directly owns 24,022 shares in the company, valued at $653,398.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 2.57% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its stake in Entegra Financial by 11,400.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,325 shares of the bank’s stock worth $144,000 after purchasing an additional 6,270 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in Entegra Financial in the 2nd quarter worth $152,000. Bessemer Group Inc. lifted its stake in Entegra Financial by 228.6% in the 3rd quarter. Bessemer Group Inc. now owns 6,900 shares of the bank’s stock worth $172,000 after purchasing an additional 4,800 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in Entegra Financial in the 3rd quarter worth $202,000. Finally, Alpine Woods Capital Investors LLC purchased a new stake in Entegra Financial in the 3rd quarter worth $225,000. Institutional investors and hedge funds own 46.06% of the company’s stock.

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About Entegra Financial

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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