Quadrant Capital Group LLC Purchases 12,280 Shares of Woori Bank $WF

Quadrant Capital Group LLC increased its position in shares of Woori Bank (NYSE:WF) by 38.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,028 shares of the bank’s stock after acquiring an additional 12,280 shares during the quarter. Quadrant Capital Group LLC’s holdings in Woori Bank were worth $3,167,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WF. Quantinno Capital Management LP grew its position in Woori Bank by 47.5% during the 1st quarter. Quantinno Capital Management LP now owns 198,920 shares of the bank’s stock worth $13,248,000 after purchasing an additional 64,055 shares in the last quarter. Nykredit A S acquired a new stake in Woori Bank during the 2nd quarter valued at $2,684,000. Barometer Capital Management Inc. acquired a new stake in Woori Bank during the 1st quarter valued at $1,172,000. First Trust Advisors LP raised its stake in Woori Bank by 88.2% during the 1st quarter. First Trust Advisors LP now owns 32,905 shares of the bank’s stock valued at $2,191,000 after purchasing an additional 15,417 shares during the period. Finally, Corient Private Wealth LP lifted its holdings in shares of Woori Bank by 63.4% in the second quarter. Corient Private Wealth LP now owns 39,631 shares of the bank’s stock valued at $2,275,000 after purchasing an additional 15,381 shares in the last quarter. Hedge funds and other institutional investors own 3.41% of the company’s stock.

Woori Bank Price Performance

NYSE WF opened at $70.48 on Thursday. The company has a 50 day simple moving average of $74.13 and a 200-day simple moving average of $68.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $17.31 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 0.64 and a beta of 1.03. Woori Bank has a 52-week low of $48.83 and a 52-week high of $84.71.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Weiss Ratings upgraded Woori Bank from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 2nd. Wall Street Zen downgraded Woori Bank from a “buy” rating to a “hold” rating in a report on Sunday, October 11th. Finally, Zacks Research raised Woori Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Woori Bank Company Profile

Woori Bank is a South Korean commercial bank that provides financial services to individuals, businesses and institutional customers. Its offerings include deposit accounts, consumer and commercial lending, payment and card services, foreign-exchange services, wealth management and other banking products.

The bank serves customers through a network of branches, digital banking platforms and other distribution channels in South Korea. It also supports Korean companies and individuals conducting business internationally through overseas branches, subsidiaries and representative offices in selected markets.

Woori Bank traces its origins to Daehan Cheon-il Bank, established in 1899, and is regarded as one of South Korea’s oldest banking institutions.