Nykredit A S Purchases New Position in Woori Bank $WF

Nykredit A S acquired a new position in shares of Woori Bank (NYSE:WF) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 46,757 shares of the bank’s stock, valued at approximately $2,684,000.

A number of other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of Woori Bank during the first quarter worth approximately $26,000. Bessemer Group Inc. lifted its holdings in Woori Bank by 68.1% during the 1st quarter. Bessemer Group Inc. now owns 437 shares of the bank’s stock worth $29,000 after purchasing an additional 177 shares during the last quarter. Bell Investment Advisors Inc lifted its holdings in Woori Bank by 34.2% during the 1st quarter. Bell Investment Advisors Inc now owns 675 shares of the bank’s stock worth $45,000 after purchasing an additional 172 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Woori Bank in the 4th quarter valued at $43,000. Finally, Smartleaf Asset Management LLC grew its holdings in Woori Bank by 551.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 984 shares of the bank’s stock valued at $48,000 after buying an additional 833 shares in the last quarter. Institutional investors own 3.41% of the company’s stock.

Analyst Upgrades and Downgrades

WF has been the topic of several recent research reports. Weiss Ratings cut Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Zacks Research raised shares of Woori Bank from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Woori Bank Stock Down 0.1%

NYSE WF opened at $74.77 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.99. Woori Bank has a 1-year low of $48.83 and a 1-year high of $84.71. The company has a 50 day moving average of $67.14 and a 200-day moving average of $67.01. The company has a market cap of $18.15 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 0.71 and a beta of 1.02.

Woori Bank (NYSE:WF) last issued its quarterly earnings results on Friday, July 24th. The bank reported $2.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.13). The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.98 billion. Woori Bank had a return on equity of 8.18% and a net margin of 13.28%. On average, equities research analysts expect that Woori Bank will post 9 earnings per share for the current fiscal year.

Woori Bank Company 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.