Sequoia Financial Advisors LLC Has $1.49 Million Stock Position in Woori Bank $WF

Key Points

• Sequoia Financial Advisors LLC increased its position in Woori Bank by 20%, owning 30,027 shares valued at $1.49 million as reported in their latest SEC filing.
• Woori Bank reported a quarterly EPS of $2.63, significantly missing expectations of $3,574.37, with a revenue of $2 billion against a forecast of $2.79 billion.
• Despite the earnings miss, Woori Bank maintains a consensus rating of "Buy" with analysts forecasting an average EPS of 8.24 for the current fiscal year.

Sequoia Financial Advisors LLC grew its stake in shares of Woori Bank (NYSE:WF - Free Report) by 20.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,027 shares of the bank's stock after purchasing an additional 4,997 shares during the period. Sequoia Financial Advisors LLC's holdings in Woori Bank were worth $1,493,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Yousif Capital Management LLC raised its holdings in shares of Woori Bank by 7.9% during the second quarter. Yousif Capital Management LLC now owns 24,346 shares of the bank's stock valued at $1,211,000 after purchasing an additional 1,780 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Woori Bank by 28.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 100,704 shares of the bank's stock worth $5,008,000 after acquiring an additional 22,000 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Woori Bank by 30.4% in the 2nd quarter. Blue Trust Inc. now owns 11,549 shares of the bank's stock worth $574,000 after acquiring an additional 2,695 shares during the last quarter. US Bancorp DE raised its holdings in shares of Woori Bank by 9.1% in the 2nd quarter. US Bancorp DE now owns 41,310 shares of the bank's stock worth $2,054,000 after acquiring an additional 3,446 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of Woori Bank by 18.1% in the 2nd quarter. QRG Capital Management Inc. now owns 11,865 shares of the bank's stock worth $590,000 after acquiring an additional 1,817 shares during the last quarter. Institutional investors and hedge funds own 3.41% of the company's stock.

Woori Bank Trading Up 0.2%

NYSE:WF opened at $54.22 on Friday. 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 firm has a market cap of $13.42 billion, a price-to-earnings ratio of 6.83, a price-to-earnings-growth ratio of 0.97 and a beta of 1.14. Woori Bank has a 52 week low of $29.44 and a 52 week high of $57.97. The firm has a 50-day moving average price of $55.04 and a two-hundred day moving average price of $47.49.

Woori Bank (NYSE:WF - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The bank reported $2.63 EPS for the quarter, missing the consensus estimate of $3,574.37 by ($3,571.74). The firm 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%. On average, equities analysts expect that Woori Bank will post 8.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.

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