Ethic Inc. Grows Stock Position in Woori Bank $WF

Key Points

• Ethic Inc. increased its stake in Woori Bank by 9.2%, acquiring an additional 8,806 shares during the second quarter, bringing its total holdings to 105,012 shares valued at $5.15 million.
• Woori Bank reported an EPS of $2.63 for the last quarter, missing analysts' estimates significantly, which averaged around $3,574.37.
• Analysts have mixed sentiments on Woori Bank, with Weiss Ratings maintaining a "buy" rating, while Zacks Research downgraded the stock from "hold" to "strong sell".

Ethic Inc. grew its position in Woori Bank (NYSE:WF - Free Report) by 9.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,012 shares of the bank's stock after acquiring an additional 8,806 shares during the quarter. Ethic Inc.'s holdings in Woori Bank were worth $5,150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC lifted its position in shares of Woori Bank by 1.4% in the first quarter. Sequoia Financial Advisors LLC now owns 25,030 shares of the bank's stock valued at $836,000 after acquiring an additional 342 shares in the last quarter. BSW Wealth Partners lifted its position in shares of Woori Bank by 6.3% in the second quarter. BSW Wealth Partners now owns 8,844 shares of the bank's stock valued at $440,000 after acquiring an additional 528 shares in the last quarter. Signaturefd LLC lifted 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 valued at $2,149,000 after acquiring an additional 889 shares in the last quarter. PDS Planning Inc lifted its position in shares of Woori Bank by 11.8% in the first quarter. PDS Planning Inc now owns 13,260 shares of the bank's stock valued at $443,000 after acquiring an additional 1,403 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in shares of Woori Bank by 7.9% in the second quarter. Yousif Capital Management LLC now owns 24,346 shares of the bank's stock valued at $1,211,000 after acquiring an additional 1,780 shares in the last quarter. Hedge funds and other institutional investors own 3.41% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WF. Weiss Ratings restated a "buy (b)" rating on shares of Woori Bank in a research report on Wednesday, October 8th. Zacks Research downgraded Woori Bank from a "hold" rating to a "strong sell" rating in a research report on Tuesday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold".

Woori Bank Stock Performance

Shares of Woori Bank stock opened at $53.96 on Friday. Woori Bank has a one year low of $29.44 and a one year high of $57.97. The company has a market cap of $13.20 billion, a price-to-earnings ratio of 6.80, a PEG ratio of 0.98 and a beta of 1.14. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.09 and a current ratio of 1.09. The business's 50 day moving average price is $55.01 and its 200 day moving average price is $48.24.

Woori Bank (NYSE:WF - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $2 billion for the quarter, compared to analysts' expectations of $2,790.97 billion. On average, research analysts predict that Woori Bank will post 8.24 EPS for the current year.

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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