Woori Bank (WF) Projected to Post Earnings on Wednesday

Woori Bank (NYSE:WF) will likely be posting its results before the market opens on Wednesday, March 4th. Analysts expect Woori Bank to post earnings of $0.8980 per share and revenue of $1.8397 billion for the quarter.

Woori Bank Trading Down 1.3%

NYSE:WF opened at $74.06 on Tuesday. Woori Bank has a one year low of $29.44 and a one year high of $84.71. The business has a fifty day moving average price of $66.32 and a 200-day moving average price of $59.12. The firm has a market capitalization of $18.12 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 0.76 and a beta of 1.10. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.13 and a quick ratio of 1.13.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WF shares. Wall Street Zen raised Woori Bank from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research upgraded shares of Woori Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woori Bank in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Institutional Investors Weigh In On Woori Bank

A number of institutional investors have recently added to or reduced their stakes in WF. Kestra Advisory Services LLC purchased a new position in shares of Woori Bank in the fourth quarter worth $43,000. Smartleaf Asset Management LLC lifted its stake in Woori Bank by 551.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 984 shares of the bank’s stock worth $48,000 after purchasing an additional 833 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Woori Bank by 51.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank’s stock valued at $51,000 after purchasing an additional 356 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings 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 worth $57,000 after purchasing an additional 1,116 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Woori Bank in the fourth quarter worth about $72,000. 3.41% of the stock is owned by hedge funds and other institutional investors.

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.