Connor Clark & Lunn Investment Management Ltd. Trims Stock Holdings in Woori Bank $WF

Connor Clark & Lunn Investment Management Ltd. reduced its holdings in shares of Woori Bank (NYSE:WF) by 1.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 485,518 shares of the bank’s stock after selling 9,412 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Woori Bank were worth $27,262,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. HM Payson & Co. bought a new position in Woori Bank in the 3rd quarter valued at $29,000. Smartleaf Asset Management LLC lifted its position in shares of Woori Bank by 551.7% during the second quarter. Smartleaf Asset Management LLC now owns 984 shares of the bank’s stock worth $48,000 after purchasing an additional 833 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Woori Bank by 51.9% during the second quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank’s stock worth $51,000 after purchasing an additional 356 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Woori Bank by 3,282.4% during the second quarter. Tower Research Capital LLC TRC now owns 1,150 shares of the bank’s stock valued at $57,000 after purchasing an additional 1,116 shares during the period. Finally, Allworth Financial LP grew its holdings in shares of Woori Bank by 25.5% in the second quarter. Allworth Financial LP now owns 1,171 shares of the bank’s stock worth $58,000 after purchasing an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 3.41% of the company’s stock.

Woori Bank Price Performance

WF opened at $64.94 on Friday. 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 fifty day simple moving average is $67.71 and its 200-day simple moving average is $59.85. The company has a market capitalization of $15.89 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 0.69 and a beta of 1.10.

Woori Bank (NYSE:WF) last released its quarterly earnings data 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). The firm had revenue of $367.58 million during the quarter, compared to the consensus estimate of $1.84 billion. Woori Bank had a net margin of 13.49% and a return on equity of 8.74%. On average, equities research analysts anticipate that Woori Bank will post 8.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WF has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Woori Bank from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Woori Bank in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Woori Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, Woori Bank currently has an average rating of “Strong Buy”.

Woori Bank Profile

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.