Barometer Capital Management Inc. Purchases New Shares in Woori Bank $WF

Barometer Capital Management Inc. purchased a new position in Woori Bank (NYSE:WF) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,600 shares of the bank’s stock, valued at approximately $1,172,000.

Other large investors also recently added to or reduced their stakes in the company. Summit Global Investments lifted its holdings in Woori Bank by 23.8% during the first quarter. Summit Global Investments now owns 5,689 shares of the bank’s stock valued at $379,000 after purchasing an additional 1,093 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Woori Bank by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 95,636 shares of the bank’s stock valued at $6,367,000 after purchasing an additional 3,345 shares during the period. Parallel Advisors LLC increased its stake in shares of Woori Bank by 17.2% during the first quarter. Parallel Advisors LLC now owns 16,613 shares of the bank’s stock worth $1,106,000 after purchasing an additional 2,441 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Woori Bank by 68.1% during the first quarter. Bessemer Group Inc. now owns 437 shares of the bank’s stock worth $29,000 after purchasing an additional 177 shares in the last quarter. Finally, Enterprise Financial Services Corp acquired a new position in shares of Woori Bank during the 1st quarter worth about $212,000. 3.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WF has been the subject of several research reports. Zacks Research upgraded Woori Bank from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Wall Street Zen downgraded Woori Bank from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Weiss Ratings lowered Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Woori Bank Price Performance

Shares of NYSE WF opened at $63.49 on Wednesday. The firm has a 50-day simple moving average of $61.34 and a 200-day simple moving average of $65.51. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $15.41 billion, a price-to-earnings ratio of 7.34, a price-to-earnings-growth ratio of 0.68 and a beta of 1.02. Woori Bank has a 52 week low of $48.83 and a 52 week high of $84.71.

Woori Bank (NYSE:WF) last posted its quarterly earnings results on Friday, April 24th. The bank reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.60 by ($1.01). Woori Bank had a return on equity of 8.46% and a net margin of 13.34%.The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.99 billion. On average, equities analysts predict that Woori Bank will post 8.4 earnings per share for the current fiscal 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.