Abacus Wealth Partners LLC Purchases Shares of 7,453 Woori Bank (NYSE:WF)

Abacus Wealth Partners LLC purchased a new stake in shares of Woori Bank (NYSE:WF) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,453 shares of the bank’s stock, valued at approximately $249,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its position in shares of Woori Bank by 39.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 287,852 shares of the bank’s stock worth $8,995,000 after buying an additional 81,973 shares during the period. GAMMA Investing LLC boosted its position in shares of Woori Bank by 3,000.5% in the first quarter. GAMMA Investing LLC now owns 81,481 shares of the bank’s stock worth $2,720,000 after buying an additional 78,853 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Woori Bank by 1,830.4% in the fourth quarter. JPMorgan Chase & Co. now owns 43,724 shares of the bank’s stock worth $1,366,000 after buying an additional 41,459 shares during the period. Cerity Partners LLC boosted its position in shares of Woori Bank by 68.0% in the first quarter. Cerity Partners LLC now owns 68,203 shares of the bank’s stock worth $2,277,000 after buying an additional 27,616 shares during the period. Finally, First Trust Advisors LP purchased a new stake in shares of Woori Bank in the fourth quarter worth about $779,000. Hedge funds and other institutional investors own 3.41% of the company’s stock.

Woori Bank Price Performance

Shares of NYSE WF opened at $53.41 on Thursday. Woori Bank has a 1-year low of $29.44 and a 1-year high of $57.97. The business has a 50-day moving average of $48.16 and a 200-day moving average of $39.19. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $13.22 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 0.95 and a beta of 1.04.

Woori Bank (NYSE:WF) last issued its earnings results on Friday, July 25th. The bank reported $2.63 earnings per share for the quarter, missing the consensus estimate of $3,574.37 by ($3,571.74). Woori Bank had a return on equity of 8.31% and a net margin of 11.84%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2,790.97 billion. On average, equities analysts anticipate that Woori Bank will post 8.24 EPS for the current fiscal year.

About Woori Bank

Woori Financial Group Inc, a financial holding company, operates as a commercial bank that provides a range of financial products and services to individuals, corporations, and small- and medium-sized enterprises in Korea. It operates through Banking, Credit Card, Capital, Investment Banking, and Others segments.