BlackRock Inc. lifted its position in Entegra Financial Corp (NASDAQ:ENFC) by 2.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 331,331 shares of the bank’s stock after purchasing an additional 8,987 shares during the period. BlackRock Inc.’s holdings in Entegra Financial were worth $9,980,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ENFC. Strs Ohio lifted its holdings in Entegra Financial by 11,700.0% during the second quarter. Strs Ohio now owns 11,800 shares of the bank’s stock worth $355,000 after buying an additional 11,700 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Entegra Financial by 5.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 16,165 shares of the bank’s stock worth $487,000 after buying an additional 815 shares during the period. Panagora Asset Management Inc. purchased a new stake in Entegra Financial during the second quarter worth $917,000. Kellner Capital LLC purchased a new stake in Entegra Financial during the second quarter worth $1,522,000. Finally, Dupont Capital Management Corp purchased a new stake in Entegra Financial during the second quarter worth $2,298,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

Separately, ValuEngine lowered Entegra Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd.

Shares of ENFC stock opened at $30.06 on Monday. The business’s fifty day simple moving average is $30.04 and its 200-day simple moving average is $29.08. The company has a market cap of $208.30 million, a PE ratio of 14.75 and a beta of 0.70. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24. Entegra Financial Corp has a 12-month low of $19.18 and a 12-month high of $30.24.

Entegra Financial (NASDAQ:ENFC) last issued its quarterly earnings results on Wednesday, August 7th. The bank reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.23). The business had revenue of $13.29 million for the quarter. Entegra Financial had a return on equity of 8.54% and a net margin of 17.81%.

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, certificates of deposit, money market accounts, commercial and regular checking accounts, and individual retirement accounts.

Further Reading: Dividend Aristocrat Index

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

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