Woori Bank (NYSE:WF) Shares Sold by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. lessened its stake in shares of Woori Bank (NYSE:WF) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,465 shares of the bank’s stock after selling 1,735 shares during the quarter. Ramirez Asset Management Inc.’s holdings in Woori Bank were worth $1,317,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of Woori Bank by 19.6% during the fourth quarter. Bank of America Corp DE now owns 140,654 shares of the bank’s stock valued at $4,395,000 after acquiring an additional 23,015 shares during the period. Point72 Asset Management L.P. boosted its holdings in Woori Bank by 148.1% during the fourth quarter. Point72 Asset Management L.P. now owns 13,400 shares of the bank’s stock worth $419,000 after buying an additional 8,000 shares in the last quarter. Cerity Partners LLC boosted its holdings in Woori Bank by 68.0% during the first quarter. Cerity Partners LLC now owns 68,203 shares of the bank’s stock worth $2,277,000 after buying an additional 27,616 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Woori Bank by 3,000.5% during the first quarter. GAMMA Investing LLC now owns 81,481 shares of the bank’s stock worth $2,720,000 after buying an additional 78,853 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Woori Bank by 1,830.4% during the fourth quarter. JPMorgan Chase & Co. now owns 43,724 shares of the bank’s stock worth $1,366,000 after buying an additional 41,459 shares in the last quarter. Institutional investors and hedge funds own 3.41% of the company’s stock.

Woori Bank Trading Down 4.7%

Shares of NYSE:WF opened at $52.16 on Tuesday. The stock has a market capitalization of $12.91 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 1.00 and a beta of 1.04. Woori Bank has a 1-year low of $29.44 and a 1-year high of $57.97. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.08 and a current ratio of 1.08. The company has a 50 day moving average price of $47.87 and a 200 day moving average price of $39.09.

Woori Bank (NYSE:WF) last issued its earnings results on Friday, July 25th. The bank reported $2.63 earnings per share for the quarter, missing analysts’ consensus estimates of $3,574.37 by ($3,571.74). The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2,790.97 billion. Woori Bank had a return on equity of 8.31% and a net margin of 11.84%. On average, research analysts anticipate that Woori Bank will post 8.24 EPS for the current fiscal 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.