Analysts Set Entegra Financial Corp. (ENFC) Target Price at $27.50
Shares of Entegra Financial Corp. (NASDAQ:ENFC) have been assigned an average recommendation of “Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $27.50.
Several equities analysts recently weighed in on ENFC shares. ValuEngine raised Entegra Financial Corp. from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd. Compass Point started coverage on Entegra Financial Corp. in a research report on Thursday, May 18th. They set a “buy” rating and a $27.00 price objective for the company. Finally, FIG Partners started coverage on Entegra Financial Corp. in a research report on Wednesday, May 31st. They set an “outperform” rating for the company.
Shares of Entegra Financial Corp. (ENFC) opened at 22.60 on Tuesday. The firm’s 50-day moving average price is $22.87 and its 200-day moving average price is $23.22. Entegra Financial Corp. has a 52 week low of $17.54 and a 52 week high of $24.40. The firm has a market cap of $145.95 million, a price-to-earnings ratio of 19.48 and a beta of 0.30.
A number of institutional investors have recently modified their holdings of ENFC. New York State Common Retirement Fund purchased a new position in shares of Entegra Financial Corp. during the second quarter valued at about $152,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Entegra Financial Corp. during the second quarter valued at about $230,000. Teachers Advisors LLC purchased a new position in shares of Entegra Financial Corp. during the second quarter valued at about $256,000. Spark Investment Management LLC raised its position in shares of Entegra Financial Corp. by 12.7% in the second quarter. Spark Investment Management LLC now owns 15,100 shares of the bank’s stock valued at $343,000 after buying an additional 1,700 shares in the last quarter. Finally, TIAA CREF Investment Management LLC purchased a new position in shares of Entegra Financial Corp. during the second quarter valued at about $362,000. Hedge funds and other institutional investors own 43.17% of the company’s stock.
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Entegra Financial Corp. Company Profile
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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