EJF Capital LLC reduced its stake in shares of Entegra Financial Corp. (NASDAQ:ENFC) by 13.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 500,000 shares of the bank’s stock after selling 77,989 shares during the quarter. EJF Capital LLC owned about 7.30% of Entegra Financial worth $12,475,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ENFC. Acadian Asset Management LLC grew its stake in Entegra Financial by 10.8% during the 2nd quarter. Acadian Asset Management LLC now owns 45,424 shares of the bank’s stock worth $1,034,000 after buying an additional 4,418 shares during the last quarter. Spark Investment Management LLC grew its stake in Entegra Financial by 12.7% during the 2nd quarter. Spark Investment Management LLC now owns 15,100 shares of the bank’s stock worth $343,000 after buying an additional 1,700 shares during the last quarter. Schwab Charles Investment Management Inc. acquired a new position in Entegra Financial during the 2nd quarter worth $230,000. Bank of New York Mellon Corp acquired a new position in Entegra Financial during the 2nd quarter worth $509,000. Finally, Seizert Capital Partners LLC boosted its position in Entegra Financial by 49.1% during the 2nd quarter. Seizert Capital Partners LLC now owns 33,907 shares of the bank’s stock worth $771,000 after acquiring an additional 11,171 shares during the period. Hedge funds and other institutional investors own 46.06% of the company’s stock.

Entegra Financial Corp. (NASDAQ:ENFC) opened at $28.85 on Tuesday. 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 Corp. has a 12-month low of $19.45 and a 12-month high of $29.88. The stock has a market capitalization of $199.80, a price-to-earnings ratio of 20.10 and a beta of 0.38.

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

In other Entegra Financial news, insider Roger Plemens purchased 3,672 shares of Entegra Financial stock in a transaction on Wednesday, November 1st. The stock was bought at an average price of $27.20 per share, for a total transaction of $99,878.40. Following the transaction, the insider now owns 24,022 shares of the company’s stock, valued at approximately $653,398.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.90% of the company’s stock.

A number of research analysts have issued reports on the company. ValuEngine lowered Entegra Financial from a “buy” rating to a “hold” rating in a research report on Friday. Hovde Group boosted their price target on Entegra Financial from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $29.50.

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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.

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Institutional Ownership by Quarter for Entegra Financial (NASDAQ:ENFC)

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