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

Woori Bank (NYSE:WF) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 41,309 shares, a drop of 35.9% from the February 12th total of 64,479 shares. Based on an average trading volume of 102,965 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 102,965 shares, the short-interest ratio is currently 0.4 days.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Woori Bank in a research note on Monday, December 29th. Wall Street Zen cut Woori Bank from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Finally, Zacks Research upgraded Woori Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Woori Bank currently has an average rating of “Strong Buy”.

Woori Bank Price Performance

NYSE WF traded down $0.63 on Friday, hitting $64.56. 98,613 shares of the company’s stock were exchanged, compared to its average volume of 100,712. The stock has a 50-day moving average of $67.82 and a 200-day moving average of $59.92. The stock has a market cap of $15.80 billion, a price-to-earnings ratio of 7.45, a P/E/G ratio of 0.66 and a beta of 1.10. Woori Bank has a 52 week low of $29.44 and a 52 week 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.

Woori Bank (NYSE:WF) last posted its quarterly earnings results on Wednesday, March 4th. The bank reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.04). The business had revenue of $367.58 million for the quarter, compared to analyst estimates of $1.84 billion. Woori Bank had a return on equity of 8.74% and a net margin of 13.49%. Analysts expect that Woori Bank will post 8.24 earnings per share for the current year.

Institutional Trading of Woori Bank

A number of hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its stake in shares of Woori Bank by 50.7% during the first quarter. AQR Capital Management LLC now owns 20,163 shares of the bank’s stock worth $673,000 after buying an additional 6,782 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Woori Bank by 67.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 52,170 shares of the bank’s stock valued at $1,741,000 after acquiring an additional 21,016 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Woori Bank by 8.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,143 shares of the bank’s stock valued at $405,000 after acquiring an additional 643 shares in the last quarter. Acadian Asset Management LLC grew its position in Woori Bank by 0.8% during the 2nd quarter. Acadian Asset Management LLC now owns 128,924 shares of the bank’s stock worth $6,407,000 after acquiring an additional 1,083 shares during the last quarter. Finally, Profund Advisors LLC bought a new stake in Woori Bank during the 2nd quarter worth $257,000. Institutional investors and hedge funds own 3.41% of the company’s stock.

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.