Frank Rimerman Advisors LLC lowered its holdings in Woori Bank (NYSE:WF – Free Report) by 20.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 30,807 shares of the bank’s stock after selling 7,930 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Woori Bank were worth $2,327,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the business. Quantinno Capital Management LP increased its position in shares of Woori Bank by 47.5% during the first quarter. Quantinno Capital Management LP now owns 198,920 shares of the bank’s stock worth $13,248,000 after acquiring an additional 64,055 shares during the last quarter. Nykredit A S acquired a new position in shares of Woori Bank in the second quarter worth about $2,684,000. Barometer Capital Management Inc. purchased a new position in Woori Bank in the first quarter valued at about $1,172,000. First Trust Advisors LP boosted its holdings in Woori Bank by 88.2% in the first quarter. First Trust Advisors LP now owns 32,905 shares of the bank’s stock valued at $2,191,000 after purchasing an additional 15,417 shares during the last quarter. Finally, Corient Private Wealth LP boosted its holdings in Woori Bank by 63.4% in the second quarter. Corient Private Wealth LP now owns 39,631 shares of the bank’s stock valued at $2,275,000 after purchasing an additional 15,381 shares during the last quarter. Institutional investors and hedge funds own 3.41% of the company’s stock.
Woori Bank Trading Down 0.1%
NYSE WF opened at $70.01 on Friday. Woori Bank has a 12 month low of $48.83 and a 12 month high of $84.71. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $17.20 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 0.64 and a beta of 1.03. The company’s fifty day moving average price is $74.13 and its two-hundred day moving average price is $67.96.
Woori Bank (NYSE:WF – Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The bank reported $2.66 earnings per share for the quarter, missing the consensus estimate of $2.79 by ($0.13). The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.98 billion. Woori Bank had a return on equity of 8.18% and a net margin of 13.28%. As a group, research analysts predict that Woori Bank will post 9.61 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Zacks Research upgraded Woori Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Wall Street Zen lowered Woori Bank from a “buy” rating to a “hold” rating in a research report on Sunday, October 11th. Finally, Weiss Ratings raised Woori Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat.com, Woori Bank currently has a consensus rating of “Strong Buy”.
Get Our Latest Analysis on Woori Bank
Woori Bank Company Profile
Woori Bank is a South Korean commercial bank and the principal banking subsidiary of Woori Financial Group. It provides banking and financial services to individual customers, businesses, and institutional clients, including deposit accounts, consumer and commercial lending, corporate finance, trade finance, payment services, and foreign-exchange services.
The bank serves customers through a network in South Korea and maintains an international presence supporting Korean companies, multinational businesses, and retail customers in selected overseas markets.
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