Ativo Capital Management LLC Has $1.60 Million Position in Woori Bank $WF

Ativo Capital Management LLC decreased its position in Woori Bank (NYSE:WF) by 3.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 32,076 shares of the bank’s stock after selling 1,016 shares during the period. Woori Bank makes up about 1.4% of Ativo Capital Management LLC’s investment portfolio, making the stock its 29th biggest holding. Ativo Capital Management LLC’s holdings in Woori Bank were worth $1,595,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WF. Cerity Partners LLC raised its stake in shares of Woori Bank by 68.0% in the first quarter. Cerity Partners LLC now owns 68,203 shares of the bank’s stock valued at $2,277,000 after purchasing an additional 27,616 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Woori Bank by 28.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 100,704 shares of the bank’s stock valued at $5,008,000 after buying an additional 22,000 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Woori Bank by 67.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 52,170 shares of the bank’s stock valued at $1,741,000 after buying an additional 21,016 shares in the last quarter. Vident Advisory LLC raised its stake in shares of Woori Bank by 21.5% in the 1st quarter. Vident Advisory LLC now owns 115,365 shares of the bank’s stock valued at $3,851,000 after buying an additional 20,379 shares in the last quarter. Finally, Advisors Preferred LLC raised its stake in shares of Woori Bank by 1,425.0% in the 1st quarter. Advisors Preferred LLC now owns 15,723 shares of the bank’s stock valued at $533,000 after buying an additional 14,692 shares in the last quarter. Institutional investors and hedge funds own 3.41% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Woori Bank in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Woori Bank Stock Performance

Woori Bank stock opened at $53.78 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a fifty day moving average price of $55.07 and a two-hundred day moving average price of $47.26. Woori Bank has a 52-week low of $29.44 and a 52-week high of $57.97. The firm has a market capitalization of $13.31 billion, a P/E ratio of 6.77, a P/E/G ratio of 0.95 and a beta of 1.14.

Woori Bank (NYSE:WF) last announced its earnings results on Friday, July 25th. The bank reported $2.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3,574.37 by ($3,571.74). The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2,790.97 billion. Woori Bank had a return on equity of 8.30% and a net margin of 11.84%. As a group, analysts anticipate that Woori Bank will post 8.24 EPS for the current fiscal year.

About Woori Bank

Woori Financial Group Inc, a financial holding company, operates as a commercial bank that provides a range of financial products and services to individuals, corporations, and small- and medium-sized enterprises in Korea. It operates through Banking, Credit Card, Capital, Investment Banking, and Others segments.