It is currently trading at $27.25 a tad above $25.59, the stock’s 50 day moving average and quite a bit higher than the 200 day moving average of $23.91. The 50 day moving average went up by +6.48% whereas the 200 day moving average was up $3.34 or +13.98%. Entegra Financial Corp. shares had a trading volume of 19K in the last trading session. Volume was up 25.54% over the stocks average daily volume.
Investors are a little more bullish on shares of Entegra Financial Corp. lately looking at the downtick in short interest. The company experienced a fall in short interest of -6.28% as of October 13, 2017 from the last reporting period. Short shares decreased from 144,086 to 135,041 over that period. With short interest at 135,041 and short average daily volume at 13,815, the short-interest ratio is 10.0 and the percentage of shorted shares was 0.02% on October 13.
The following firms have recently changed their position in ENFC. As of the end of the quarter Spark Investment Management LLC had acquired 1,700 shares growing its holdings by 12.7%. The value of the investment in ENFC increased from $316,000 to $343,000 a change of $27,000 for the reporting period. As of quarter end Ubs Group Ag had bought a total of 415 shares growing its position 221.9%. The value of the total investment in Entegra Financial Corp. went from $4,000 to $14,000 increasing 250.0% since the last quarter.
Acadian Asset Management LLC added to its holdings by buying 2,549 shares an increase of 5.6% from 06/30/2017 to 09/30/2017. Acadian Asset Management LLC now holds 47,973 shares worth $1,198,000. The value of the position overall is up by 15.9%. As of the end of the quarter Strs Ohio had sold a total of 1,700 shares trimming its stake by 94.4%. The value of the investment in Entegra Financial Corp. decreased from $40,000 to $2,000 a change of 95.0% quarter to quarter.
The P/E ratio is currently 23.49 and the market cap is 175.98M. As of the last earnings report the EPS was $1.16 and is estimated to be $1.33 for the current year with 6,458,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.46 and the next full year EPS is projected to be $2.01.
Entegra Financial Corp., launched on May 31, 2011, 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. It provides full service retail and commercial banking products, as well as wealth management services through a third party. It operates through retail banking segment. Entegra Bank is a chartered savings bank. The Bank’s business consists primarily of accepting deposits from individuals and small businesses and investing those deposits, together with funds generated from operations and borrowings, and primarily in loans secured by real estate. It also originates commercial business loans and invests in investment securities..