Entegra Financial Corp. (ENFC) Insider Roger Plemens Buys 3,672 Shares of Stock
Entegra Financial Corp. (NASDAQ:ENFC) insider Roger Plemens purchased 3,672 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were acquired at an average price of $27.20 per share, with a total value of $99,878.40. Following the completion of the acquisition, the insider now owns 24,022 shares in the company, valued at approximately $653,398.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Entegra Financial Corp. (NASDAQ:ENFC) traded up $0.20 on Friday, hitting $27.45. The stock had a trading volume of 17,798 shares, compared to its average volume of 15,344. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $175.68 million, a price-to-earnings ratio of 18.76 and a beta of 0.36.
Entegra Financial Corp. (NASDAQ:ENFC) last issued its earnings results on Thursday, October 19th. The bank reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The company had revenue of $12.34 million during the quarter, compared to the consensus estimate of $12.86 million. Entegra Financial Corp. had a return on equity of 6.96% and a net margin of 16.06%. research analysts forecast that Entegra Financial Corp. will post 1.38 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of ENFC. 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. Spark Investment Management LLC lifted its position in 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 acquiring an additional 1,700 shares in the last quarter. Schwab Charles Investment Management Inc. bought a new position in Entegra Financial Corp. in the 2nd quarter valued at about $230,000. Bank of New York Mellon Corp bought a new position in Entegra Financial Corp. in the 2nd quarter valued at about $509,000. Finally, Seizert Capital Partners LLC lifted its position in Entegra Financial Corp. by 49.1% in the 2nd quarter. Seizert Capital Partners LLC now owns 33,907 shares of the bank’s stock valued at $771,000 after acquiring an additional 11,171 shares in the last quarter. Institutional investors own 49.86% of the company’s stock.
Separately, Hovde Group raised their target price on Entegra Financial Corp. from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Entegra Financial Corp. has an average rating of “Buy” and an average target price of $29.50.
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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