Ramirez Asset Management Inc. Sells 38,457 Shares of Woori Bank $WF

Ramirez Asset Management Inc. cut its holdings in Woori Bank (NYSE:WF) by 98.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 700 shares of the bank’s stock after selling 38,457 shares during the quarter. Ramirez Asset Management Inc.’s holdings in Woori Bank were worth $39,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of WF. Creative Planning boosted its holdings in Woori Bank by 25.8% in the 2nd quarter. Creative Planning now owns 261,811 shares of the bank’s stock valued at $13,020,000 after purchasing an additional 53,743 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Woori Bank by 0.8% during the second quarter. Acadian Asset Management LLC now owns 128,924 shares of the bank’s stock worth $6,407,000 after purchasing an additional 1,083 shares during the period. Vident Advisory LLC raised its position in shares of Woori Bank by 2.1% in the second quarter. Vident Advisory LLC now owns 117,759 shares of the bank’s stock valued at $5,856,000 after buying an additional 2,394 shares in the last quarter. Ethic Inc. boosted its stake in shares of Woori Bank by 8.9% in the third quarter. Ethic Inc. now owns 114,310 shares of the bank’s stock valued at $6,418,000 after buying an additional 9,298 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in Woori Bank by 7.7% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 108,481 shares of the bank’s stock worth $6,091,000 after buying an additional 7,777 shares in the last quarter. 3.41% of the stock is owned by institutional investors.

Woori Bank Stock Performance

NYSE WF opened at $66.15 on Friday. The firm’s 50 day simple moving average is $67.04 and its 200 day simple moving average is $59.51. The firm has a market capitalization of $16.19 billion, a price-to-earnings ratio of 7.63, a P/E/G ratio of 0.67 and a beta of 1.10. The company has a current ratio of 1.10, a quick ratio of 1.13 and a debt-to-equity ratio of 0.90. Woori Bank has a 1 year low of $29.44 and a 1 year high of $84.71.

Woori Bank (NYSE:WF) last released its earnings results on Wednesday, March 4th. The bank reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.04). The business had revenue of $367.58 million for the quarter, compared to the consensus estimate of $1.84 billion. Woori Bank had a return on equity of 8.74% and a net margin of 13.49%. As a group, research analysts expect that Woori Bank will post 8.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WF. Zacks Research raised Woori Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Woori Bank in a report on Monday, December 29th. Finally, Wall Street Zen cut Woori Bank from a “strong-buy” rating to a “buy” rating in a research report on Sunday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

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.