Shares of Entegra Financial Corp (NASDAQ:ENFC) reached a new 52-week high during mid-day trading on Friday following a stronger than expected earnings report. The stock traded as high as $26.75 and last traded at $26.75, with a volume of 5,592 shares trading hands. The stock had previously closed at $26.40.

The bank reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Entegra Financial Corp had a net margin of 20.03% and a return on equity of 6.99%. The company had revenue of $12.34 million during the quarter, compared to analysts’ expectations of $12.86 million.

Separately, Compass Point cut shares of Entegra Financial Corp from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Entegra Financial Corp currently has an average rating of “Buy” and an average target price of $27.25.

Institutional investors have recently bought and sold shares of the company. Salem Investment Counselors Inc. grew its stake in shares of Entegra Financial Corp by 65.0% in the 2nd quarter. Salem Investment Counselors Inc. now owns 24,750 shares of the bank’s stock valued at $563,000 after buying an additional 9,750 shares during the period. Castine Capital Management LLC grew its stake in shares of Entegra Financial Corp by 1.5% in the 2nd quarter. Castine Capital Management LLC now owns 238,595 shares of the bank’s stock valued at $5,428,000 after buying an additional 3,595 shares during the period. Spark Investment Management LLC grew its stake in shares of Entegra Financial Corp by 12.7% in the 2nd 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 during the period. Acadian Asset Management LLC grew its stake in shares of Entegra Financial Corp by 10.8% in the 2nd quarter. Acadian Asset Management LLC now owns 45,424 shares of the bank’s stock valued at $1,034,000 after buying an additional 4,418 shares during the period. Finally, State Street Corp purchased a new stake in shares of Entegra Financial Corp in the 2nd quarter valued at approximately $1,396,000. 49.94% of the stock is owned by institutional investors and hedge funds.

The stock has a market capitalization of $172.11 million, a price-to-earnings ratio of 22.97 and a beta of 0.32. The firm’s 50 day moving average is $24.92 and its 200-day moving average is $23.76.

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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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