Barometer Capital Management Inc. Makes New $696,000 Investment in Woori Bank $WF

Barometer Capital Management Inc. purchased a new stake in Woori Bank (NYSE:WF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,400 shares of the bank’s stock, valued at approximately $696,000.

A number of other hedge funds have also recently made changes to their positions in WF. AQR Capital Management LLC grew its position in Woori Bank by 50.7% during the first quarter. AQR Capital Management LLC now owns 20,163 shares of the bank’s stock worth $673,000 after buying an additional 6,782 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Woori Bank by 67.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 52,170 shares of the bank’s stock valued at $1,741,000 after acquiring an additional 21,016 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Woori Bank by 8.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,143 shares of the bank’s stock valued at $405,000 after acquiring an additional 643 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of 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 in the last quarter. Finally, Profund Advisors LLC purchased a new position in shares of Woori Bank during the second quarter worth about $257,000. 3.41% of the stock is currently owned by hedge funds and other institutional investors.

Woori Bank Stock Up 0.9%

WF opened at $68.02 on Thursday. Woori Bank has a 12 month low of $29.44 and a 12 month high of $84.71. The company has a current ratio of 1.10, a quick ratio of 1.13 and a debt-to-equity ratio of 0.90. The business’s 50-day moving average price is $67.59 and its 200-day moving average price is $59.81. The company has a market cap of $16.64 billion, a P/E ratio of 7.85, a P/E/G ratio of 0.68 and a beta of 1.10.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WF shares. Wall Street Zen downgraded shares of Woori Bank from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Weiss Ratings restated a “buy (b)” rating on shares of Woori Bank in a research report 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

About Woori Bank

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.