Vanguard Personalized Indexing Management LLC Raises Stock Holdings in Woori Bank $WF

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Woori Bank by 28% during the 2nd quarter, now holding over 100,000 shares valued at approximately $5 million.
• Woori Bank's stock received a "buy" rating from Weiss Ratings, with a consensus rating of "Buy" among analysts.
• Recently, Woori Bank reported quarterly earnings of $2.63 EPS, significantly missing analyst expectations, which were estimated at over $3,500.

Vanguard Personalized Indexing Management LLC raised its stake in Woori Bank (NYSE:WF - Free Report) by 28.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 100,704 shares of the bank's stock after purchasing an additional 22,000 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Woori Bank were worth $5,008,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Canopy Partners LLC purchased a new position in shares of Woori Bank in the 1st quarter valued at approximately $201,000. Optas LLC purchased a new position in shares of Woori Bank in the 1st quarter valued at approximately $203,000. HighTower Advisors LLC purchased a new position in shares of Woori Bank in the 1st quarter valued at approximately $207,000. Compound Planning Inc. purchased a new position in shares of Woori Bank in the 1st quarter valued at approximately $215,000. Finally, Abacus Wealth Partners LLC purchased a new position in shares of Woori Bank in the 1st quarter valued at approximately $249,000. 3.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Woori Bank Stock Up 1.5%

WF opened at $53.78 on Tuesday. 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 business has a 50 day simple moving average of $55.07 and a 200-day simple moving average of $47.26. The stock has a market capitalization of $13.31 billion, a P/E ratio of 6.77, a P/E/G ratio of 0.95 and a beta of 1.14. Woori Bank has a 12 month low of $29.44 and a 12 month high of $57.97.

Woori Bank (NYSE:WF - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $2 billion during the quarter, compared to analyst estimates 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 anticipate 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.

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