S. Muoio & CO. LLC bought a new stake in Entegra Financial Corp (NASDAQ:ENFC) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 39,407 shares of the bank’s stock, valued at approximately $885,000.
Other large investors have also recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its holdings in Entegra Financial by 2,053.8% in the first quarter. BNP Paribas Arbitrage SA now owns 1,400 shares of the bank’s stock valued at $31,000 after acquiring an additional 1,335 shares in the last quarter. Bank of America Corp DE raised its holdings in Entegra Financial by 36.2% in the fourth quarter. Bank of America Corp DE now owns 6,414 shares of the bank’s stock valued at $134,000 after acquiring an additional 1,706 shares in the last quarter. Beese Fulmer Investment Management Inc. acquired a new stake in Entegra Financial in the first quarter valued at approximately $206,000. Rhumbline Advisers acquired a new stake in Entegra Financial in the first quarter valued at approximately $206,000. Finally, First Trust Advisors LP raised its holdings in Entegra Financial by 18.7% in the fourth quarter. First Trust Advisors LP now owns 12,422 shares of the bank’s stock valued at $258,000 after acquiring an additional 1,954 shares in the last quarter. 44.77% of the stock is currently owned by hedge funds and other institutional investors.
ENFC stock traded up $0.03 during midday trading on Friday, reaching $29.62. 826 shares of the company were exchanged, compared to its average volume of 50,716. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 1.33. Entegra Financial Corp has a 1-year low of $19.18 and a 1-year high of $30.70. The stock has a market cap of $204.94 million, a P/E ratio of 14.11 and a beta of 0.80.
Several analysts recently weighed in on ENFC shares. FIG Partners raised shares of Entegra Financial from a “market perform” rating to an “outperform” rating in a report on Monday, February 25th. ValuEngine raised shares of Entegra Financial from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $27.25.
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About Entegra Financial
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.
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