Vident Advisory LLC Raises Stock Position 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 grew its stake in shares of Woori Bank (NYSE:WF - Free Report) by 21.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,365 shares of the bank's stock after buying an additional 20,379 shares during the period. Vident Advisory LLC's holdings in Woori Bank were worth $3,851,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in WF. Bank of America Corp DE raised its stake in Woori Bank by 19.6% in the 4th quarter. Bank of America Corp DE now owns 140,654 shares of the bank's stock valued at $4,395,000 after purchasing an additional 23,015 shares during the last quarter. GAMMA Investing LLC boosted its position in Woori Bank by 3,000.5% during the first quarter. GAMMA Investing LLC now owns 81,481 shares of the bank's stock worth $2,720,000 after acquiring an additional 78,853 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Woori Bank by 45.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 70,121 shares of the bank's stock worth $2,191,000 after acquiring an additional 21,908 shares during the last quarter. Cerity Partners LLC boosted its position in Woori Bank by 68.0% during the first quarter. Cerity Partners LLC now owns 68,203 shares of the bank's stock worth $2,277,000 after acquiring an additional 27,616 shares during the last quarter. Finally, Millennium Management LLC boosted its position in Woori Bank by 5.3% during the fourth quarter. Millennium Management LLC now owns 57,597 shares of the bank's stock worth $1,800,000 after acquiring an additional 2,917 shares during the last quarter. 3.41% of the stock is currently owned by hedge funds and other institutional investors.

Woori Bank Trading Up 1.2%

NYSE WF traded up $0.62 during mid-day trading on Wednesday, reaching $54.33. 48,956 shares of the stock were exchanged, compared to its average volume of 62,793. Woori Bank has a 1-year low of $29.44 and a 1-year high of $57.97. The business's fifty day simple moving average is $53.41 and its 200 day simple moving average is $42.83. The stock has a market capitalization of $13.45 billion, a PE ratio of 6.84, a PEG ratio of 0.96 and a beta of 1.11. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.09 and a current ratio of 1.09.

Woori Bank (NYSE:WF - Get Free Report) last announced its 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). Woori Bank had a return on equity of 8.30% and a net margin of 11.84%.The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2,790.97 billion. On average, research 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.