Connor Clark & Lunn Investment Management Ltd. Sells 9,412 Shares of Woori Bank $WF

Connor Clark & Lunn Investment Management Ltd. trimmed its position in shares of Woori Bank (NYSE:WF) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 485,518 shares of the bank’s stock after selling 9,412 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.20% of Woori Bank worth $27,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Coldstream Capital Management Inc. increased its position in Woori Bank by 577.5% in the second quarter. Coldstream Capital Management Inc. now owns 10,373 shares of the bank’s stock worth $516,000 after purchasing an additional 8,842 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Woori Bank by 242.5% during the third quarter. Envestnet Asset Management Inc. now owns 27,892 shares of the bank’s stock valued at $1,566,000 after purchasing an additional 19,749 shares during the last quarter. Assetmark Inc. grew its stake in shares of Woori Bank by 109.0% in the 3rd quarter. Assetmark Inc. now owns 35,898 shares of the bank’s stock worth $2,016,000 after buying an additional 18,726 shares in the last quarter. West Family Investments Inc. grew its stake in shares of Woori Bank by 42.9% in the 2nd quarter. West Family Investments Inc. now owns 17,614 shares of the bank’s stock worth $876,000 after buying an additional 5,284 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Woori Bank by 0.8% in the 2nd quarter. Acadian Asset Management LLC now owns 128,924 shares of the bank’s stock worth $6,407,000 after buying an additional 1,083 shares during the last quarter. 3.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WF has been the topic of several recent research reports. Zacks Research upgraded shares of Woori Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. Wall Street Zen cut Woori Bank from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Woori Bank in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Woori Bank Trading Down 4.6%

WF stock opened at $64.94 on Friday. Woori Bank has a twelve month low of $29.44 and a twelve month high of $84.71. The stock has a market capitalization of $15.89 billion, a price-to-earnings ratio of 7.49, a price-to-earnings-growth ratio of 0.69 and a beta of 1.10. The company has a quick ratio of 1.13, a current ratio of 1.10 and a debt-to-equity ratio of 0.90. The firm’s fifty day simple moving average is $67.71 and its two-hundred day simple moving average is $59.85.

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