Nykredit A S Invests $2.68 Million in Woori Bank $WF

Key Points

• Nykredit A/S acquired 46,757 shares of Woori Bank during the second quarter, valued at approximately $2.68 million. Other institutions, including Morgan Stanley and Quantinno Capital Management, also increased their positions.
• Analyst sentiment remains moderately positive: MarketBeat reports one Buy and one Hold rating, while Zacks upgraded the stock from Strong Sell to Hold and Weiss Ratings slightly downgraded its Buy rating.
• Woori Bank’s shares opened at $74.77, near the upper half of their 52-week range, but the bank’s latest quarterly EPS of $2.66 missed consensus estimates of $2.79; revenue was also slightly below expectations.

Nykredit A S acquired a new stake in Woori Bank (NYSE:WF - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 46,757 shares of the bank's stock, valued at approximately $2,684,000.

A number of other institutional investors have also made changes to their positions in WF. Laird Norton Wetherby Trust Company LLC acquired a new position in Woori Bank during the fourth quarter valued at approximately $5,521,000. Millennium Management LLC acquired a new position in shares of Woori Bank during the 4th quarter worth approximately $3,954,000. Quantinno Capital Management LP increased its position in shares of Woori Bank by 47.5% during the 1st quarter. Quantinno Capital Management LP now owns 198,920 shares of the bank's stock worth $13,248,000 after purchasing an additional 64,055 shares during the last quarter. Morgan Stanley raised its stake in shares of Woori Bank by 4.6% during the 4th quarter. Morgan Stanley now owns 1,399,904 shares of the bank's stock worth $82,300,000 after purchasing an additional 61,178 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Woori Bank by 14.2% during the 3rd quarter. Creative Planning now owns 298,934 shares of the bank's stock worth $16,785,000 after purchasing an additional 37,123 shares in the last quarter. Institutional investors own 3.41% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Weiss Ratings cut shares of Woori Bank from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday, June 8th. Zacks Research raised shares of Woori Bank from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Woori Bank Trading Down 0.1%

Woori Bank stock opened at $74.77 on Monday. The stock has a 50-day simple moving average of $67.14 and a 200 day simple moving average of $67.01. The stock has a market capitalization of $18.15 billion, a P/E ratio of 8.61, a PEG ratio of 0.71 and a beta of 1.02. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.16 and a current ratio of 1.16. Woori Bank has a 52 week low of $48.83 and a 52 week high of $84.71.

Woori Bank (NYSE:WF - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The bank reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.79 by ($0.13). Woori Bank had a net margin of 13.28% and a return on equity of 8.18%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. Analysts expect that Woori Bank will post 9 earnings per share for the current year.

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.

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