Canopy Partners LLC Acquires Shares of 6,036 Woori Bank (NYSE:WF)

Key Points

• Canopy Partners LLC has acquired 6,036 shares of Woori Bank worth approximately $201,000, as noted in their latest 13F filing with the SEC.
• Institutional ownership in Woori Bank has increased significantly, with notable stakes from LPL Financial, JPMorgan Chase, and Arrowstreet Capital during the fourth quarter.
• Woori Bank recently reported disappointing earnings, with a net revenue of $2 billion falling short of analyst estimates, and earnings per share of $2.63 missing expectations by a significant margin.

Canopy Partners LLC acquired a new position in Woori Bank (NYSE:WF - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,036 shares of the bank's stock, valued at approximately $201,000.

A number of other large investors also recently bought and sold shares of WF. LPL Financial LLC grew its holdings in Woori Bank by 8.6% in the fourth quarter. LPL Financial LLC now owns 13,346 shares of the bank's stock worth $417,000 after purchasing an additional 1,055 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Woori Bank by 1,830.4% during the fourth quarter. JPMorgan Chase & Co. now owns 43,724 shares of the bank's stock valued at $1,366,000 after buying an additional 41,459 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Woori Bank by 39.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 287,852 shares of the bank's stock valued at $8,995,000 after buying an additional 81,973 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Woori Bank by 17.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 79,776 shares of the bank's stock valued at $2,493,000 after buying an additional 12,012 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Woori Bank by 2.4% in the fourth quarter. Invesco Ltd. now owns 40,936 shares of the bank's stock valued at $1,279,000 after purchasing an additional 950 shares during the last quarter. Institutional investors own 3.41% of the company's stock.

Woori Bank Stock Performance

NYSE:WF traded down $1.53 during mid-day trading on Friday, hitting $51.36. The company's stock had a trading volume of 64,764 shares, compared to its average volume of 66,103. Woori Bank has a 1 year low of $29.44 and a 1 year high of $57.97. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $12.71 billion, a price-to-earnings ratio of 6.47, a PEG ratio of 0.96 and a beta of 1.04. The business's fifty day moving average is $48.72 and its two-hundred day moving average is $39.43.

Woori Bank (NYSE:WF - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The bank reported $2.63 earnings per share for the quarter, missing analysts' consensus estimates of $3,574.37 by ($3,571.74). The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2,790.97 billion. Woori Bank had a return on equity of 8.31% and a net margin of 11.84%. Analysts anticipate that Woori Bank will post 8.24 EPS for the current fiscal year.

Woori Bank 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.