Ethic Inc. Raises Position in Woori Bank $WF

Ethic Inc. raised its stake in Woori Bank (NYSE:WF) by 8.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 114,310 shares of the bank’s stock after acquiring an additional 9,298 shares during the period. Ethic Inc.’s holdings in Woori Bank were worth $6,418,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC purchased a new stake in shares of Woori Bank in the 1st quarter worth about $207,000. Trexquant Investment LP purchased a new position in shares of Woori Bank in the 1st quarter worth $408,000. Aprio Wealth Management LLC grew its stake in shares of Woori Bank by 60.5% during the 1st quarter. Aprio Wealth Management LLC now owns 11,602 shares of the bank’s stock valued at $387,000 after purchasing an additional 4,375 shares during the period. AQR Capital Management LLC grew its position in Woori Bank by 50.7% during the first quarter. AQR Capital Management LLC now owns 20,163 shares of the bank’s stock valued at $673,000 after buying an additional 6,782 shares during the period. Finally, Goldman Sachs Group Inc. increased 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 worth $1,741,000 after purchasing an additional 21,016 shares in the last quarter. 3.41% of the stock is currently owned by hedge funds and other institutional investors.

Woori Bank Stock Performance

Shares of NYSE:WF opened at $59.10 on Tuesday. The firm has a fifty day simple moving average of $55.83 and a two-hundred day simple moving average of $54.35. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $14.46 billion, a P/E ratio of 6.61, a PEG ratio of 1.07 and a beta of 1.17. Woori Bank has a 52 week low of $29.44 and a 52 week high of $59.90.

Woori Bank (NYSE:WF) last issued its quarterly earnings data on Friday, November 14th. The bank reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $1.29. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.99 billion. Woori Bank had a return on equity of 9.16% and a net margin of 13.29%. On average, analysts expect that Woori Bank will post 8.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on WF shares. Zacks Research upgraded shares of Woori Bank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Wall Street Zen raised Woori Bank from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Woori Bank in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Woori Bank Company Profile

Woori Bank Co, Ltd. (NYSE: WF) is a South Korean commercial bank and the principal banking unit of Woori Financial Group. Established in 2001 through the merger of Hanvit Bank and Peace Bank, the institution traces its roots to earlier banking entities that date back to the late 19th and mid-20th centuries. Headquartered in Seoul, Woori Bank operates under a universal banking model, serving both individual customers and corporate clients with a comprehensive suite of financial products and services.

The bank’s core operations encompass retail banking, corporate and investment banking, treasury services, and wealth management.