Rhumbline Advisers Lowers Stock Holdings in Woori Bank $WF

Key Points

• Rhumbline Advisers reduced its stake in Woori Bank by 33.2%, holding 26,087 shares valued at $871,000 at the end of the most recent quarter.
• Other institutional investors have increased their stakes, with Bank of America Corp DE raising its position by 19.6% and GAMMA Investing LLC boosting its stake by an impressive 3,000.5% during the same period.
• Woori Bank's recent quarterly earnings saw an EPS of $2.63, significantly missing analysts' expectations of $3,574.37, while the stock trades within a twelve-month range of $29.44 to $57.97.

Rhumbline Advisers decreased its position in shares of Woori Bank (NYSE:WF - Free Report) by 33.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,087 shares of the bank's stock after selling 12,973 shares during the quarter. Rhumbline Advisers' holdings in Woori Bank were worth $871,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in WF. Canopy Partners LLC acquired a new position in shares of Woori Bank during the 1st quarter worth approximately $201,000. Optas LLC acquired a new position in shares of Woori Bank during the 1st quarter worth approximately $203,000. HighTower Advisors LLC acquired a new position in Woori Bank in the 1st quarter valued at $207,000. Compound Planning Inc. acquired a new position in Woori Bank in the 1st quarter valued at $215,000. Finally, Foster Group Inc. acquired a new position in Woori Bank in the 1st quarter valued at $221,000. 3.41% of the stock is owned by institutional investors and hedge funds.

Woori Bank Price Performance

NYSE WF traded up $0.27 during mid-day trading on Tuesday, hitting $57.52. The stock had a trading volume of 8,590 shares, compared to its average volume of 61,331. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 1.09. The firm's 50 day moving average is $54.46 and its 200 day moving average is $44.92. The stock has a market capitalization of $14.24 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 1.03 and a beta of 1.11. Woori Bank has a twelve month low of $29.44 and a twelve month high of $57.97.

Woori Bank (NYSE:WF - Get Free Report) last issued its earnings results on Friday, July 25th. The bank reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $3,574.37 by ($3,571.74). The company had revenue of $2 billion during the quarter, compared to analysts' expectations of $2,790.97 billion. Woori Bank had a net margin of 11.84% and a return on equity of 8.30%. Equities research analysts forecast that Woori Bank will post 8.24 earnings per share for the current fiscal year.

About Woori Bank

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.