B. Metzler seel. Sohn & Co. AG Grows Position in Woori Bank $WF

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Woori Bank by 100.1% in Q4, owning 89,881 shares after buying an additional 44,974 shares, valued at about $5.28 million.
• Woori Bank missed Q4 expectations with EPS of $0.86 versus $0.90 consensus and revenue of $367.6M versus $1.84B estimated; the stock traded down about 1.4% to $70.77, with a market cap of $17.32B and a P/E of 8.16.
• Analyst sentiment has softened—recent downgrades by Wall Street Zen and Zacks—and the stock carries a consensus rating of Moderate Buy, while institutional investors hold roughly 3.41% of the shares.

B. Metzler seel. Sohn & Co. AG grew its stake in Woori Bank (NYSE:WF - Free Report) by 100.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,881 shares of the bank's stock after purchasing an additional 44,974 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Woori Bank were worth $5,284,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of WF. HM Payson & Co. purchased a new stake in Woori Bank in the 3rd quarter worth approximately $29,000. Smartleaf Asset Management LLC boosted its position in Woori Bank by 551.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 984 shares of the bank's stock worth $48,000 after purchasing an additional 833 shares in the last quarter. Osaic Holdings Inc. boosted its position in Woori Bank by 51.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank's stock worth $51,000 after purchasing an additional 356 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Woori Bank by 3,282.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,150 shares of the bank's stock worth $57,000 after purchasing an additional 1,116 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position in Woori Bank by 167.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,101 shares of the bank's stock worth $62,000 after purchasing an additional 690 shares in the last quarter. Hedge funds and other institutional investors own 3.41% of the company's stock.

Woori Bank Trading Down 1.4%

Shares of WF stock opened at $70.77 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.10 and a quick ratio of 1.13. The company has a market cap of $17.32 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 0.73 and a beta of 1.13. The stock has a 50 day simple moving average of $70.98 and a 200-day simple moving average of $62.49. Woori Bank has a 1-year low of $34.80 and a 1-year high of $84.71.

Woori Bank (NYSE:WF - Get Free Report) last announced its earnings results on Wednesday, March 4th. The bank reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.04). The business had revenue of $367.58 million for the quarter, compared to analyst estimates of $1.84 billion. Woori Bank had a return on equity of 8.74% and a net margin of 13.49%. On average, equities research analysts expect that Woori Bank will post 9.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WF has been the topic of several recent research reports. Wall Street Zen lowered Woori Bank from a "buy" rating to a "hold" rating in a research report on Saturday, April 4th. Zacks Research lowered Woori Bank from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 8th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Woori Bank in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Woori Bank presently has a consensus rating of "Moderate Buy".

About Woori Bank

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.

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