US Bancorp DE Acquires 3,446 Shares of Woori Bank $WF

US Bancorp DE raised its holdings in Woori Bank (NYSE:WF) by 9.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,310 shares of the bank’s stock after purchasing an additional 3,446 shares during the quarter. US Bancorp DE’s holdings in Woori Bank were worth $2,054,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Canopy Partners LLC bought a new stake in shares of Woori Bank during the first quarter worth $201,000. HighTower Advisors LLC bought a new stake in shares of Woori Bank during the first quarter worth $207,000. Compound Planning Inc. bought a new stake in shares of Woori Bank during the first quarter worth $215,000. Abacus Wealth Partners LLC bought a new stake in shares of Woori Bank during the first quarter worth $249,000. Finally, HB Wealth Management LLC bought a new stake in shares of Woori Bank during the second quarter worth $285,000. Institutional investors own 3.41% of the company’s stock.

Woori Bank Stock Up 2.9%

NYSE:WF opened at $54.20 on Thursday. Woori Bank has a 1 year low of $29.44 and a 1 year high of $57.97. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock has a market cap of $13.41 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 0.94 and a beta of 1.14. The stock has a 50-day moving average price of $55.05 and a two-hundred day moving average price of $47.35.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Woori Bank in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

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.