Revenue Update on Entegra Financial Corp(NASDAQ:ENFC)

Entegra Financial Corp(NASDAQ:ENFC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Intraday on Jul 21, 2016. Earnings per share were $0.36.

Entegra Financial Corp (ENFC) shares turned negative on Wednesdays trading session with the shares closing down -0.04 points or -0.23% at a volume of 12,949. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.45. The peak price level was also seen at $17.45 while the days lowest was $17.4. Finally the shares closed at $17.4. The 52-week high of the shares is $19.9 while the 52-week low is $16.11. According to the latest information available, the market cap of the company is $113 M.

Several Insider Transactions has been reported to the SEC. On May 24, 2016, Charles D Umberger (Executive Vice President) purchased 2,000 shares at $17.50 per share price.Also, On Jan 26, 2016, Louis E Buck (director) purchased 2,000 shares at $17.27 per share price.On Dec 17, 2015, Roger Plemens (CEO) purchased 7,464 shares at $19.90 per share price, according to the Form-4 filing with the securities and exchange commission.

Entegra Financial Corp. is the holding company of Macon Bank Inc. (Bank). The Bank is a North Carolina chartered savings bank and its business consists primarily of accepting deposits from individuals and small businesses and investing those deposits together with funds generated from operations and borrowings primarily in loans secured by real estate including commercial real estate loans one- to four-family residential loans construction loans and home equity loans and lines of credit. The Bank also originates commercial business loans and invests in investment securities. Through its mortgage loan production operations the Bank originates loans for sale in the secondary markets to Fannie Mae and others. It also offers a variety of deposit accounts including savings accounts certificates of deposit money market accounts commercial and regular checking accounts and individual retirement accounts.

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