Entegra Financial (NASDAQ:ENFC) Stock Rating Lowered by ValuEngine

Entegra Financial (NASDAQ:ENFC) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report released on Thursday, ValuEngine reports.

Shares of ENFC stock traded up $0.01 during mid-day trading on Thursday, hitting $29.87. 10,024 shares of the stock were exchanged, compared to its average volume of 9,656. The stock’s fifty day moving average price is $29.80. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.94 and a current ratio of 0.95. Entegra Financial has a 52-week low of $19.18 and a 52-week high of $30.24. The company has a market capitalization of $206.36 million, a P/E ratio of 14.19 and a beta of 0.70.

Several hedge funds have recently bought and sold shares of ENFC. BNP Paribas Arbitrage SA lifted its stake in Entegra Financial by 2,053.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,400 shares of the bank’s stock valued at $31,000 after buying an additional 1,335 shares in the last quarter. Bank of America Corp DE lifted its stake in Entegra Financial by 36.2% in the 4th quarter. Bank of America Corp DE now owns 6,414 shares of the bank’s stock valued at $134,000 after buying an additional 1,706 shares in the last quarter. Rhumbline Advisers purchased a new position in Entegra Financial in the 1st quarter valued at about $206,000. Beese Fulmer Investment Management Inc. purchased a new position in Entegra Financial in the 1st quarter valued at about $206,000. Finally, Strs Ohio lifted its stake in Entegra Financial by 11,700.0% in the 2nd quarter. Strs Ohio now owns 11,800 shares of the bank’s stock valued at $355,000 after buying an additional 11,700 shares in the last quarter. 49.58% of the stock is currently owned by institutional investors and hedge funds.

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.

Recommended Story: What do I need to know about analyst ratings?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Entegra Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegra Financial and related companies with MarketBeat.com's FREE daily email newsletter.