Vident Advisory LLC Raises Stock Holdings in Woori Bank $WF

Key Points

• Vident Advisory LLC increased its stake in Woori Bank by 21.5%, purchasing an additional 20,379 shares, bringing its total holdings to 115,365 shares worth $3.85 million.
• Woori Bank recently reported earnings, showing an EPS of $2.63 for the quarter, significantly missing analysts' expectations of $3,574.37.
• As of now, Woori Bank's stock has a market capitalization of $13.29 billion and is trading at around $53.71, with a 52-week high of $57.97 and a low of $29.44.

Vident Advisory LLC lifted its stake in shares of Woori Bank (NYSE:WF - Free Report) by 21.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 115,365 shares of the bank's stock after buying an additional 20,379 shares during the quarter. Vident Advisory LLC's holdings in Woori Bank were worth $3,851,000 at the end of the most recent reporting period.

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

Woori Bank Stock Down 0.6%

WF traded down $0.34 on Friday, reaching $52.90. The company's stock had a trading volume of 31,395 shares, compared to its average volume of 62,574. The stock has a 50 day moving average of $53.59 and a two-hundred day moving average of $43.03. 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 company has a market capitalization of $13.09 billion, a price-to-earnings ratio of 6.66, a P/E/G ratio of 0.97 and a beta of 1.11. Woori Bank has a fifty-two week low of $29.44 and a fifty-two week high of $57.97.

Woori Bank (NYSE:WF - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The bank reported $2.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. As a group, analysts forecast that Woori Bank will post 8.24 EPS for the current fiscal year.

Woori Bank 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.