Entegra Financial Corp. Buyback
OLI recorded this information on 2/24/2017
Company:
Entegra Financial Corp.
Buyback:
ENFC buyback
Share Amount Authorized:
222,750
Buyback Details:
Entegra Financial Corp. (NASDAQ:ENFC) (the "Company"), announced today that the Company's Board of Directors has authorized the extension of its stock repurchase program (the "Program") through February 23, 2018. The Program allows for the repurchase of up to 327,318 shares of the Company's common stock, representing approximately 5% of the Company's outstanding shares as of December 31, 2015. Approximately 104,568 shares have been repurchased under the Program to date, leaving a balance of 222,750 shares that may be purchased under the Program, as extended.
Entegra Financial is a bank holding company. Through its subsidiary, Entegra Bank, Co. accepts deposits from individuals and small businesses and invests 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 mortgage loans, construction and development loans, and home equity loans and lines of credit. Co. also originates commercial business loans and invests in investment securities. Co.'s deposit accounts consist of savings accounts, certificates of deposit, regular checking accounts, money market accounts and individual retirement accounts.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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