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, worth approximately $2.68 million. Institutional investors and hedge funds collectively own 3.41% of the company.
• Woori Bank shares opened at $78.94, near their 52-week high of $84.71, with a market capitalization of $19.39 billion and a P/E ratio of 9.10.
• The bank’s latest quarterly results fell short of expectations, reporting EPS of $2.66 versus the $2.79 consensus estimate and revenue of $1.97 billion. Analysts nonetheless maintain a “Moderate Buy” consensus rating.

Nykredit A S acquired a new stake in Woori Bank (NYSE:WF - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 46,757 shares of the bank's stock, valued at approximately $2,684,000.

A number of other large investors have also made changes to their positions in WF. V Square Quantitative Management LLC purchased a new position in Woori Bank in the 1st quarter valued at about $26,000. Bessemer Group Inc. grew its holdings in shares of Woori Bank by 68.1% during the first quarter. Bessemer Group Inc. now owns 437 shares of the bank's stock worth $29,000 after buying an additional 177 shares in the last quarter. Bell Investment Advisors Inc grew its holdings in shares of Woori Bank by 34.2% during the first quarter. Bell Investment Advisors Inc now owns 675 shares of the bank's stock worth $45,000 after buying an additional 172 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Woori Bank by 37.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,084 shares of the bank's stock valued at $64,000 after buying an additional 296 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of Woori Bank by 12.4% in the fourth quarter. Allworth Financial LP now owns 1,693 shares of the bank's stock valued at $100,000 after buying an additional 187 shares during the last quarter. Institutional investors and hedge funds own 3.41% of the company's stock.

Woori Bank Trading Down 0.7%

Woori Bank stock opened at $78.94 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.16 and a current ratio of 1.16. The firm's 50-day moving average is $71.23 and its 200-day moving average is $66.96. Woori Bank has a 1 year low of $48.83 and a 1 year high of $84.71. The company has a market cap of $19.39 billion, a P/E ratio of 9.10, a PEG ratio of 0.71 and a beta of 1.02.

Woori Bank (NYSE:WF - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The bank reported $2.66 EPS for the quarter, missing the consensus estimate of $2.79 by ($0.13). Woori Bank had a return on equity of 8.18% and a net margin of 13.28%.The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.98 billion. On average, equities analysts expect that Woori Bank will post 9.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on WF shares. Weiss Ratings restated a "buy (b-)" rating on shares of Woori Bank in a research report on Friday, September 4th. Zacks Research raised Woori Bank from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Woori Bank Profile

Woori Bank is a commercial bank headquartered in Seoul, South Korea, and a principal banking subsidiary of Woori Financial Group. The institution traces its roots to Daehan Cheon-il Bank, established in 1899, and has developed into one of South Korea's major banking organizations.

Woori Bank provides financial services to individual, business and institutional customers. Its offerings include deposit accounts, consumer and commercial lending, mortgages, credit cards, wealth management, foreign-exchange services, investment banking and other financial products.

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