Woori Bank (NYSE:WF) Issues Earnings Results

Woori Bank (NYSE:WF) posted its earnings results on Friday. The bank reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.26, Zacks reports. Woori Bank had a net margin of 13.34% and a return on equity of 8.46%.

Woori Bank Stock Performance

WF stock traded up $3.31 during mid-day trading on Friday, reaching $66.03. 103,592 shares of the stock traded hands, compared to its average volume of 132,914. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.87. Woori Bank has a 52 week low of $48.83 and a 52 week high of $84.71. The business has a 50-day moving average of $61.29 and a two-hundred day moving average of $65.56. The firm has a market capitalization of $16.03 billion, a PE ratio of 7.59, a P/E/G ratio of 0.66 and a beta of 1.02.

Analyst Ratings Changes

A number of brokerages recently weighed in on WF. Zacks Research raised Woori Bank from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Weiss Ratings cut Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Finally, Wall Street Zen downgraded Woori Bank from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. One 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 currently has an average rating of “Moderate Buy”.

Hedge Funds Weigh In On Woori Bank

A number of institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new stake in shares of Woori Bank in the 4th quarter worth approximately $43,000. Smartleaf Asset Management LLC increased 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 valued at $48,000 after purchasing an additional 833 shares during the period. Osaic Holdings Inc. raised its stake in shares of Woori Bank by 51.9% in the second quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank’s stock valued at $51,000 after purchasing an additional 356 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Woori Bank by 3,282.4% in 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Woori Bank in the fourth quarter worth $72,000. 3.41% of the stock is currently owned by institutional investors.

Woori Bank Company 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.