Capital International Investors Makes New $3 Million Investment in Woori Bank $WF

Capital International Investors bought a new position in shares of Woori Bank (NYSE:WF) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 52,446 shares of the bank’s stock, valued at approximately $2,997,000.

Several other large investors have also recently bought and sold shares of WF. Creative Planning increased its stake in Woori Bank by 25.8% in the second quarter. Creative Planning now owns 261,811 shares of the bank’s stock valued at $13,020,000 after acquiring an additional 53,743 shares during the period. Acadian Asset Management LLC lifted its stake in Woori Bank by 0.8% during the second quarter. Acadian Asset Management LLC now owns 128,924 shares of the bank’s stock worth $6,407,000 after purchasing an additional 1,083 shares during the period. Vident Advisory LLC lifted its stake in Woori Bank by 2.1% during the second quarter. Vident Advisory LLC now owns 117,759 shares of the bank’s stock worth $5,856,000 after purchasing an additional 2,394 shares during the period. Ethic Inc. boosted its holdings in Woori Bank by 8.9% during the third quarter. Ethic Inc. now owns 114,310 shares of the bank’s stock valued at $6,418,000 after purchasing an additional 9,298 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Woori Bank by 7.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 108,481 shares of the bank’s stock valued at $6,091,000 after purchasing an additional 7,777 shares during the period. 3.41% of the stock is currently owned by institutional investors and hedge funds.

Woori Bank Stock Down 4.6%

Shares of WF opened at $64.94 on Friday. The business’s fifty day moving average price is $67.71 and its two-hundred day moving average price is $59.85. The firm has a market capitalization of $15.89 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 0.69 and a beta of 1.10. Woori Bank has a 52 week low of $29.44 and a 52 week high of $84.71. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.13 and a current ratio of 1.10.

Woori Bank (NYSE:WF) last posted its quarterly earnings results on Wednesday, March 4th. The bank reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.04). The business had revenue of $367.58 million for the quarter, compared to the consensus estimate of $1.84 billion. Woori Bank had a return on equity of 8.74% and a net margin of 13.49%. On average, analysts predict that Woori Bank will post 8.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on WF shares. Wall Street Zen cut Woori Bank from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Weiss Ratings restated a “buy (b)” rating on shares of Woori Bank in a research note on Monday, December 29th. Finally, Zacks Research raised shares of Woori Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Strong Buy”.

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.