Ativo Capital Management LLC Has $1.60 Million Stock Holdings in Woori Bank $WF

Ativo Capital Management LLC cut its holdings in Woori Bank (NYSE:WF) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,076 shares of the bank’s stock after selling 1,016 shares during the quarter. Woori Bank comprises approximately 1.4% of Ativo Capital Management LLC’s holdings, making the stock its 29th largest position. Ativo Capital Management LLC’s holdings in Woori Bank were worth $1,595,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. HB Wealth Management LLC acquired a new stake in shares of Woori Bank in the 2nd quarter valued at $285,000. Canopy Partners LLC acquired a new stake in shares of Woori Bank in the first quarter worth about $201,000. Optas LLC acquired a new stake in shares of Woori Bank in the first quarter worth about $203,000. Aaron Wealth Advisors LLC acquired a new stake in shares of Woori Bank in the second quarter worth about $306,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Woori Bank in the first quarter worth about $207,000. Institutional investors and hedge funds own 3.41% of the company’s stock.

Analysts Set New Price Targets

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

Woori Bank Stock Up 1.5%

Woori Bank stock opened at $53.78 on Tuesday. The firm has a market cap of $13.31 billion, a price-to-earnings ratio of 6.77, a P/E/G ratio of 0.95 and a beta of 1.14. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 1.09. Woori Bank has a fifty-two week low of $29.44 and a fifty-two week high of $57.97. The firm has a fifty day moving average price of $55.07 and a two-hundred day moving average price of $47.26.

Woori Bank (NYSE:WF) last posted its quarterly earnings data on Friday, July 25th. The bank reported $2.63 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $2 billion for the quarter, compared to analyst estimates of $2,790.97 billion. As a group, analysts forecast that Woori Bank will post 8.24 earnings per share for the current year.

Woori Bank 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.