Wedge Capital Management L L P NC lifted its stake in Entegra Financial Corp (NASDAQ:ENFC) by 23.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,001 shares of the bank’s stock after purchasing an additional 6,201 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Entegra Financial were worth $741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of ENFC. BNP Paribas Arbitrage SA increased its holdings in Entegra Financial by 2,053.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,400 shares of the bank’s stock worth $31,000 after buying an additional 1,335 shares in the last quarter. Bank of America Corp DE increased its holdings in Entegra Financial by 36.2% in the 4th quarter. Bank of America Corp DE now owns 6,414 shares of the bank’s stock worth $134,000 after buying an additional 1,706 shares in the last quarter. Rhumbline Advisers bought a new stake in Entegra Financial in the 1st quarter worth about $206,000. Beese Fulmer Investment Management Inc. bought a new stake in Entegra Financial in the 1st quarter worth about $206,000. Finally, First Trust Advisors LP increased its holdings in Entegra Financial by 18.7% in the 4th quarter. First Trust Advisors LP now owns 12,422 shares of the bank’s stock worth $258,000 after buying an additional 1,954 shares in the last quarter. 47.75% of the stock is owned by hedge funds and other institutional investors.
ENFC stock opened at $29.64 on Wednesday. Entegra Financial Corp has a twelve month low of $19.18 and a twelve month high of $30.70. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.94 and a current ratio of 0.95. The stock has a market cap of $204.60 million, a PE ratio of 14.08 and a beta of 0.80.
Several equities research analysts recently commented on the company. ValuEngine upgraded Entegra Financial from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Sandler O’Neill downgraded Entegra Financial from a “buy” rating to a “hold” rating in a research note on Friday, January 18th. Compass Point downgraded Entegra Financial from a “buy” rating to a “neutral” rating and cut their price target for the company from $27.00 to $21.50 in a research note on Wednesday, January 16th. Finally, FIG Partners raised Entegra Financial from a “market perform” rating to an “outperform” rating in a research report on Monday, February 25th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Entegra Financial presently has an average rating of “Hold” and a consensus price target of $27.25.
Entegra Financial Profile
Entegra Financial Corp. operates as the bank holding company for Entegra Bank that provides various retail and commercial banking products and services in the United States. The company offers deposit accounts, including savings accounts, certificates of deposit, money market accounts, commercial and regular checking accounts, and individual retirement accounts.
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