Woori Bank $WF Position Increased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its holdings in Woori Bank (NYSE:WF) by 577.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 10,373 shares of the bank’s stock after buying an additional 8,842 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Woori Bank were worth $516,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Allworth Financial LP raised its stake in Woori Bank by 25.5% during the second quarter. Allworth Financial LP now owns 1,171 shares of the bank’s stock worth $58,000 after acquiring an additional 238 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of Woori Bank by 7,366.7% during the second quarter. Hantz Financial Services Inc. now owns 1,568 shares of the bank’s stock valued at $78,000 after purchasing an additional 1,547 shares during the last quarter. MAI Capital Management bought a new position in shares of Woori Bank during the second quarter valued at approximately $215,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Woori Bank during the 2nd quarter worth approximately $221,000. Finally, Drive Wealth Management LLC bought a new stake in shares of Woori Bank in the 2nd quarter worth approximately $239,000. 3.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WF shares. Wall Street Zen upgraded Woori Bank from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Woori Bank in a research report on Monday. Finally, Zacks Research raised shares of Woori Bank from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Woori Bank Price Performance

NYSE WF opened at $54.63 on Friday. Woori Bank has a 12 month low of $29.44 and a 12 month high of $57.97. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $13.37 billion, a PE ratio of 6.88, a P/E/G ratio of 0.90 and a beta of 1.17. The company’s 50 day simple moving average is $54.95 and its 200 day simple moving average is $51.62.

Woori Bank (NYSE:WF) last released its earnings results on Friday, November 14th. The bank reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $1.29. Woori Bank had a return on equity of 8.30% and a net margin of 11.84%.The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.99 billion. As a group, equities research analysts forecast that Woori Bank will post 8.24 EPS for the current fiscal year.

Woori Bank Company Profile

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.