5,729 Shares in Woori Bank $WF Acquired by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC acquired 5,729 shares of Woori Bank, valued at approximately $285,000, during the second quarter.
• Several hedge funds increased their holdings in Woori Bank, with Vident Advisory LLC boosting its position by 21.5% and GAMMA Investing LLC by 3,000.5%.
• Woori Bank reported an earnings per share (EPS) of $2.63, missing analysts' estimates significantly, while the stock has a market cap of $13.99 billion.

HB Wealth Management LLC bought a new position in Woori Bank (NYSE:WF - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,729 shares of the bank's stock, valued at approximately $285,000.

Several other hedge funds have also modified their holdings of the stock. Vident Advisory LLC boosted its position in shares of Woori Bank by 21.5% in the first quarter. Vident Advisory LLC now owns 115,365 shares of the bank's stock worth $3,851,000 after acquiring an additional 20,379 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Woori Bank by 3,000.5% in the first quarter. GAMMA Investing LLC now owns 81,481 shares of the bank's stock worth $2,720,000 after acquiring an additional 78,853 shares during the last quarter. Cerity Partners LLC boosted its position 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 worth $2,277,000 after acquiring an additional 27,616 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Woori Bank by 67.5% in the first quarter. Goldman Sachs Group Inc. now owns 52,170 shares of the bank's stock worth $1,741,000 after acquiring an additional 21,016 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Woori Bank by 2.1% in the second quarter. Signaturefd LLC now owns 43,212 shares of the bank's stock worth $2,149,000 after acquiring an additional 889 shares during the last quarter. 3.41% of the stock is owned by institutional investors and hedge funds.

Woori Bank Trading Up 0.6%

Shares of WF stock opened at $56.50 on Tuesday. The stock has a market cap of $13.99 billion, a price-to-earnings ratio of 7.12, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. Woori Bank has a fifty-two week low of $29.44 and a fifty-two week high of $57.97. The firm's 50 day moving average price is $54.83 and its two-hundred day moving average price is $46.53.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Woori Bank in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy".

Woori Bank Company Profile

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.

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