Meritage Portfolio Management Sells 2,753 Shares of Woori Bank $WF

Meritage Portfolio Management lowered its position in shares of Woori Bank (NYSE:WF) by 2.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 95,621 shares of the bank’s stock after selling 2,753 shares during the period. Meritage Portfolio Management’s holdings in Woori Bank were worth $4,755,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC grew its position in Woori Bank by 28.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 100,704 shares of the bank’s stock worth $5,008,000 after acquiring an additional 22,000 shares during the last quarter. Blue Trust Inc. grew its position in shares of Woori Bank by 30.4% in the 2nd quarter. Blue Trust Inc. now owns 11,549 shares of the bank’s stock valued at $574,000 after buying an additional 2,695 shares during the last quarter. US Bancorp DE grew its position in shares of Woori Bank by 9.1% in the 2nd quarter. US Bancorp DE now owns 41,310 shares of the bank’s stock valued at $2,054,000 after buying an additional 3,446 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of Woori Bank by 18.1% in the 2nd quarter. QRG Capital Management Inc. now owns 11,865 shares of the bank’s stock valued at $590,000 after buying an additional 1,817 shares during the last quarter. Finally, BSW Wealth Partners grew its position in shares of Woori Bank by 6.3% in the 2nd quarter. BSW Wealth Partners now owns 8,844 shares of the bank’s stock valued at $440,000 after buying an additional 528 shares during the last quarter. Institutional investors own 3.41% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Woori Bank in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Woori Bank Trading Down 5.7%

NYSE WF opened at $52.98 on Friday. The business’s 50-day moving average price is $55.04 and its two-hundred day moving average price is $47.03. Woori Bank has a 12 month low of $29.44 and a 12 month high of $57.97. The firm has a market capitalization of $13.11 billion, a PE ratio of 6.67, a price-to-earnings-growth ratio of 0.95 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.88.

Woori Bank (NYSE:WF) last released its quarterly earnings results on Friday, July 25th. The bank reported $2.63 EPS for the quarter, missing analysts’ consensus estimates of $3,574.37 by ($3,571.74). The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2,790.97 billion. Woori Bank had a net margin of 11.84% and a return on equity of 8.30%. On average, analysts expect that Woori Bank will post 8.24 EPS for the current 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.