Ethic Inc. Acquires 10,457 Shares of Woori Bank $WF

Ethic Inc. grew its holdings in shares of Woori Bank (NYSE:WF) by 9.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 124,767 shares of the bank’s stock after purchasing an additional 10,457 shares during the period. Ethic Inc.’s holdings in Woori Bank were worth $7,335,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Creative Planning lifted its position in Woori Bank by 14.2% during the 3rd quarter. Creative Planning now owns 298,934 shares of the bank’s stock worth $16,785,000 after buying an additional 37,123 shares in the last quarter. Vident Advisory LLC lifted its position in Woori Bank by 2.1% during the 2nd quarter. Vident Advisory LLC now owns 117,759 shares of the bank’s stock worth $5,856,000 after buying an additional 2,394 shares in the last quarter. Bank of America Corp DE lifted its position in Woori Bank by 18.9% during the 3rd quarter. Bank of America Corp DE now owns 116,746 shares of the bank’s stock worth $6,555,000 after buying an additional 18,537 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Woori Bank by 7.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 108,481 shares of the bank’s stock valued at $6,091,000 after purchasing an additional 7,777 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Woori Bank by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 91,824 shares of the bank’s stock valued at $5,157,000 after purchasing an additional 1,253 shares during the period. 3.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WF shares. Zacks Research cut shares of Woori Bank from a “hold” rating to a “strong sell” rating in a report on Thursday. Wall Street Zen cut shares of Woori Bank from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Woori Bank Stock Up 2.3%

Shares of WF stock opened at $69.91 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.10 and a current ratio of 1.10. The firm’s 50-day moving average is $68.94 and its 200-day moving average is $63.38. The stock has a market cap of $17.11 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 0.65 and a beta of 1.08. Woori Bank has a 52-week low of $37.35 and a 52-week high of $84.71.

Woori Bank (NYSE:WF) last issued its earnings results on Friday, April 24th. The bank reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.60 by ($1.01). The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.99 billion. Woori Bank had a net margin of 13.34% and a return on equity of 8.64%. Sell-side analysts predict that Woori Bank will post 9.1 EPS for the current year.

Woori Bank Profile

Woori Bank Co, Ltd. (NYSE: WF) is a South Korean commercial bank and the principal banking unit of Woori Financial Group. Established in 2001 through the merger of Hanvit Bank and Peace Bank, the institution traces its roots to earlier banking entities that date back to the late 19th and mid-20th centuries. Headquartered in Seoul, Woori Bank operates under a universal banking model, serving both individual customers and corporate clients with a comprehensive suite of financial products and services.

The bank’s core operations encompass retail banking, corporate and investment banking, treasury services, and wealth management.