Ritholtz Wealth Management Acquires 6,024 Shares of Woori Bank $WF

Key Points

• Ritholtz Wealth Management has increased its ownership in Woori Bank by 20%, acquiring an additional 6,024 shares during the second quarter, bringing its total holdings to 36,171 shares worth approximately $1.79 million.
• Woori Bank reported earnings of $2.63 per share for the recent quarter, significantly missing analysts' estimates, alongside revenues of $2 billion compared to expectations of nearly $2.79 billion.
• Wall Street analysts maintain a “buy” rating on Woori Bank's shares, with an average forecast of 8.24 EPS for the current year.

Ritholtz Wealth Management increased its holdings in shares of Woori Bank (NYSE:WF - Free Report) by 20.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,171 shares of the bank's stock after purchasing an additional 6,024 shares during the quarter. Ritholtz Wealth Management's holdings in Woori Bank were worth $1,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its holdings in 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 during the period. BSW Wealth Partners lifted its holdings in 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 during the period. Signaturefd LLC lifted its holdings in 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 during the period. PDS Planning Inc lifted its holdings in 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 during the period. Finally, Yousif Capital Management LLC lifted its holdings in 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 during the period. 3.41% of the stock is owned by institutional investors.

Woori Bank Stock Up 0.2%

WF stock opened at $54.22 on Friday. Woori Bank has a twelve month low of $29.44 and a twelve month high of $57.97. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock has a market cap of $13.42 billion, a P/E ratio of 6.83, a PEG ratio of 0.97 and a beta of 1.14. The business's 50-day moving average price is $55.04 and its 200-day moving average price is $47.49.

Woori Bank (NYSE:WF - Get Free Report) last posted 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). Woori Bank had a net margin of 11.84% and a return on equity of 8.30%. The company had revenue of $2 billion for the quarter, compared to analysts' expectations of $2,790.97 billion. On average, equities research analysts forecast that Woori Bank will post 8.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Woori Bank in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy".

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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