US Bancorp DE Buys 9,207 Shares of Woori Bank (NYSE:WF)

Key Points

• US Bancorp DE has increased its stake in Woori Bank by 32.1%, owning 37,864 shares worth approximately $1.26 million as of the latest SEC filing.
• Woori Bank reported earnings per share of $2.63 for the last quarter, significantly missing the consensus estimate of $3,574.37.
• The bank's stock currently has a market cap of $13.51 billion and trades with a price-to-earnings ratio of 6.87, reflecting a robust valuation compared to earnings.

US Bancorp DE grew its position in Woori Bank (NYSE:WF - Free Report) by 32.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,864 shares of the bank's stock after acquiring an additional 9,207 shares during the quarter. US Bancorp DE's holdings in Woori Bank were worth $1,264,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WF. Bank of America Corp DE lifted its position in shares of Woori Bank by 19.6% during the 4th quarter. Bank of America Corp DE now owns 140,654 shares of the bank's stock worth $4,395,000 after buying an additional 23,015 shares during the period. Canopy Partners LLC acquired a new position in shares of Woori Bank in the 1st quarter worth approximately $201,000. Abacus Wealth Partners LLC acquired a new position in shares of Woori Bank in the 1st quarter worth approximately $249,000. Point72 Asset Management L.P. raised its position in Woori Bank by 148.1% in the 4th quarter. Point72 Asset Management L.P. now owns 13,400 shares of the bank's stock valued at $419,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Cerity Partners LLC raised its position in Woori Bank by 68.0% in the 1st quarter. Cerity Partners LLC now owns 68,203 shares of the bank's stock valued at $2,277,000 after purchasing an additional 27,616 shares during the last quarter. Institutional investors own 3.41% of the company's stock.

Woori Bank Price Performance

WF traded up $1.14 during trading on Tuesday, hitting $55.07. The company's stock had a trading volume of 30,929 shares, compared to its average volume of 64,852. The firm's 50 day moving average price is $50.53 and its two-hundred day moving average price is $40.56. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.86. Woori Bank has a 12 month low of $29.44 and a 12 month high of $57.97. The stock has a market capitalization of $13.63 billion, a price-to-earnings ratio of 6.94, a price-to-earnings-growth ratio of 0.98 and a beta of 1.08.

Woori Bank (NYSE:WF - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The bank reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $3,574.37 by ($3,571.74). Woori Bank had a net margin of 11.84% and a return on equity of 8.31%. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $2,790.97 billion. Sell-side analysts forecast that Woori Bank will post 8.24 earnings per share for the current fiscal year.

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.