Rhumbline Advisers Has $871,000 Stake in Woori Bank $WF

Rhumbline Advisers reduced its stake in shares of Woori Bank (NYSE:WF) by 33.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,087 shares of the bank’s stock after selling 12,973 shares during the period. Rhumbline Advisers’ holdings in Woori Bank were worth $871,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Bank of America Corp DE raised its position in shares of Woori Bank by 19.6% in the 4th quarter. Bank of America Corp DE now owns 140,654 shares of the bank’s stock worth $4,395,000 after acquiring an additional 23,015 shares in the last quarter. Vident Advisory LLC grew its stake in shares of Woori Bank by 21.5% in the 1st quarter. Vident Advisory LLC now owns 115,365 shares of the bank’s stock valued at $3,851,000 after buying an additional 20,379 shares during the period. GAMMA Investing LLC boosted its stake in Woori Bank by 3,000.5% during the 1st quarter. GAMMA Investing LLC now owns 81,481 shares of the bank’s stock valued at $2,720,000 after purchasing an additional 78,853 shares during the last quarter. Cerity Partners LLC boosted its stake in Woori Bank by 68.0% during the 1st quarter. Cerity Partners LLC now owns 68,203 shares of the bank’s stock valued at $2,277,000 after purchasing an additional 27,616 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Woori Bank by 5.3% during the 4th quarter. Millennium Management LLC now owns 57,597 shares of the bank’s stock valued at $1,800,000 after purchasing an additional 2,917 shares during the last quarter. 3.41% of the stock is owned by institutional investors.

Woori Bank Price Performance

Shares of NYSE WF opened at $57.49 on Friday. Woori Bank has a twelve month low of $29.44 and a twelve month high of $57.97. The stock’s 50 day moving average price is $54.47 and its 200-day moving average price is $44.67. The company has a market capitalization of $14.23 billion, a PE ratio of 7.24, a PEG ratio of 1.03 and a beta of 1.11. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

Woori Bank (NYSE:WF) last posted its quarterly earnings results on Friday, July 25th. The bank reported $2.63 EPS for the quarter, missing analysts’ consensus estimates of $3,574.37 by ($3,571.74). Woori Bank had a return on equity of 8.30% and a net margin of 11.84%.The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2,790.97 billion. On average, equities analysts anticipate that Woori Bank will post 8.24 EPS for the current 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.