Acadian Asset Management LLC trimmed its holdings in Entegra Financial Corp (NASDAQ:ENFC) by 27.2% in the third quarter, HoldingsChannel.com reports. The fund owned 57,203 shares of the bank’s stock after selling 21,422 shares during the period. Acadian Asset Management LLC’s holdings in Entegra Financial were worth $1,521,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Wasatch Advisors Inc. boosted its position in shares of Entegra Financial by 15.2% during the second quarter. Wasatch Advisors Inc. now owns 153,615 shares of the bank’s stock worth $4,501,000 after buying an additional 20,317 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Entegra Financial by 47.3% during the second quarter. Dimensional Fund Advisors LP now owns 74,697 shares of the bank’s stock worth $2,188,000 after buying an additional 23,970 shares during the period. Renaissance Technologies LLC boosted its position in shares of Entegra Financial by 99.3% during the second quarter. Renaissance Technologies LLC now owns 59,197 shares of the bank’s stock worth $1,734,000 after buying an additional 29,497 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Entegra Financial by 34.1% during the third quarter. First Trust Advisors LP now owns 10,468 shares of the bank’s stock worth $278,000 after buying an additional 2,662 shares during the period. 49.39% of the stock is owned by hedge funds and other institutional investors.

ENFC stock opened at $23.37 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.45. The stock has a market cap of $158.33 million, a PE ratio of 16.46 and a beta of 0.44. Entegra Financial Corp has a fifty-two week low of $21.99 and a fifty-two week high of $30.70.

Entegra Financial (NASDAQ:ENFC) last posted its quarterly earnings data on Friday, October 19th. The bank reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.06). The firm had revenue of $14.26 million for the quarter, compared to analyst estimates of $14.56 million. Entegra Financial had a return on equity of 9.10% and a net margin of 10.31%. As a group, equities research analysts anticipate that Entegra Financial Corp will post 2.15 EPS for the current fiscal year.

Several research firms have recently weighed in on ENFC. FIG Partners cut Entegra Financial to a “market-perform” rating in a research report on Monday, July 23rd. TheStreet cut Entegra Financial from a “b-” rating to a “c+” rating in a research report on Friday, August 24th. Zacks Investment Research raised Entegra Financial from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Tuesday, July 24th. Finally, ValuEngine cut Entegra Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.00.

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Entegra Financial Company 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, commercial and regular checking accounts, money market accounts, and individual retirement accounts, as well as certificates of deposit.

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

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