Woori Bank $WF Stock: Frank Rimerman Advisors LLC Lowers Position

Frank Rimerman Advisors LLC lessened its position in Woori Bank (NYSE:WF) by 20.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,807 shares of the bank’s stock after selling 7,930 shares during the period. Frank Rimerman Advisors LLC’s holdings in Woori Bank were worth $2,327,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WF. V Square Quantitative Management LLC purchased a new stake in Woori Bank in the 1st quarter worth approximately $26,000. Bessemer Group Inc. lifted its stake in shares of Woori Bank by 68.1% during the 1st quarter. Bessemer Group Inc. now owns 437 shares of the bank’s stock worth $29,000 after purchasing an additional 177 shares during the period. Bell Investment Advisors Inc lifted its stake in shares of Woori Bank by 34.2% during the 1st quarter. Bell Investment Advisors Inc now owns 675 shares of the bank’s stock worth $45,000 after purchasing an additional 172 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of Woori Bank by 37.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,084 shares of the bank’s stock worth $64,000 after purchasing an additional 296 shares during the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of Woori Bank during the third quarter worth $82,000. Hedge funds and other institutional investors own 3.41% of the company’s stock.

Woori Bank Trading Down 0.1%

Shares of WF opened at $70.01 on Friday. Woori Bank has a twelve month low of $48.83 and a twelve month high of $84.71. The firm has a market capitalization of $17.20 billion, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 0.64 and a beta of 1.03. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.99. The stock’s fifty day simple moving average is $74.13 and its 200 day simple moving average is $67.96.

Woori Bank (NYSE:WF) last posted its quarterly earnings results on Friday, July 24th. The bank reported $2.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.13). The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Woori Bank had a net margin of 13.28% and a return on equity of 8.18%. On average, equities research analysts forecast that Woori Bank will post 9.61 earnings per share for the current year.

Analyst Ratings Changes

WF has been the subject of several recent analyst reports. Zacks Research upgraded Woori Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Wall Street Zen downgraded shares of Woori Bank from a “buy” rating to a “hold” rating in a report on Sunday, October 11th. Finally, Weiss Ratings raised shares of Woori Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Woori Bank Profile

Woori Bank is a South Korean commercial bank and the principal banking subsidiary of Woori Financial Group. It provides banking and financial services to individual customers, businesses, and institutional clients, including deposit accounts, consumer and commercial lending, corporate finance, trade finance, payment services, and foreign-exchange services.

The bank serves customers through a network in South Korea and maintains an international presence supporting Korean companies, multinational businesses, and retail customers in selected overseas markets.