Northern Trust Corp acquired a new stake in Entegra Financial Corp. (NASDAQ:ENFC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 59,224 shares of the bank’s stock, valued at approximately $1,347,000. Northern Trust Corp owned approximately 0.92% of Entegra Financial at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in shares of Entegra Financial in the 2nd quarter valued at about $509,000. Teachers Advisors LLC acquired a new position in shares of Entegra Financial in the 2nd quarter valued at about $256,000. TIAA CREF Investment Management LLC acquired a new position in shares of Entegra Financial in the 2nd quarter valued at about $362,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Entegra Financial in the 2nd quarter valued at about $230,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Entegra Financial in the 2nd quarter valued at about $152,000. 46.06% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on ENFC shares. ValuEngine lowered Entegra Financial from a “buy” rating to a “hold” rating in a research note 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $29.50.
Entegra Financial (NASDAQ:ENFC) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $12.34 million for the quarter, compared to analyst estimates of $12.86 million. Entegra Financial had a return on equity of 6.87% and a net margin of 16.06%.
In related news, insider Roger Plemens purchased 3,672 shares of Entegra Financial stock in a transaction that occurred on Wednesday, November 1st. The shares were purchased at an average cost of $27.20 per share, with a total value 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.90% of the company’s stock.
Entegra Financial Company Profile
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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