Woori Bank (NYSE:WF) Sees Significant Drop in Short Interest

Woori Bank (NYSE:WF) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 72,156 shares, a decline of 27.0% from the December 15th total of 98,826 shares. Based on an average daily trading volume, of 46,659 shares, the short-interest ratio is presently 1.5 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 46,659 shares, the short-interest ratio is presently 1.5 days.

Analyst Ratings Changes

A number of analysts recently commented on WF shares. Zacks Research raised Woori Bank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Wall Street Zen lowered shares of Woori Bank from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woori Bank in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Woori Bank Stock Down 0.8%

WF stock traded down $0.47 during midday trading on Friday, hitting $57.27. The stock had a trading volume of 60,301 shares, compared to its average volume of 47,118. The business has a 50-day moving average of $56.86 and a two-hundred day moving average of $55.36. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $14.01 billion, a price-to-earnings ratio of 6.41, a price-to-earnings-growth ratio of 0.99 and a beta of 1.16. Woori Bank has a 52-week low of $29.44 and a 52-week high of $60.48.

Woori Bank (NYSE:WF) last announced its earnings results on Friday, November 14th. The bank reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $1.29. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Woori Bank had a net margin of 13.29% and a return on equity of 9.16%. As a group, equities research analysts forecast that Woori Bank will post 8.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Woori Bank

A number of hedge funds and other institutional investors have recently bought and sold shares of WF. Frank Rimerman Advisors LLC increased its stake in shares of Woori Bank by 46.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 15,973 shares of the bank’s stock valued at $939,000 after purchasing an additional 5,047 shares in the last quarter. Tuttle Capital Management LLC bought a new position in Woori Bank during the 4th quarter valued at approximately $327,000. Allworth Financial LP increased its position in Woori Bank by 28.6% during the 3rd quarter. Allworth Financial LP now owns 1,506 shares of the bank’s stock valued at $85,000 after buying an additional 335 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in Woori Bank by 90.4% during the third quarter. Coldstream Capital Management Inc. now owns 19,755 shares of the bank’s stock valued at $1,109,000 after buying an additional 9,382 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in Woori Bank in the third quarter worth $404,000. Hedge funds and other institutional investors own 3.41% of the company’s stock.

About Woori Bank

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.