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 return on equity of 8.46% and a net margin of 13.34%.

Woori Bank Stock Up 4.5%

Shares of NYSE:WF traded up $2.81 during trading on Friday, hitting $65.53. 97,675 shares of the company were exchanged, compared to its average volume of 132,849. Woori Bank has a fifty-two week low of $48.83 and a fifty-two week high of $84.71. The stock has a market cap of $15.90 billion, a price-to-earnings ratio of 7.58, a P/E/G ratio of 0.66 and a beta of 1.02. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.87. The firm has a fifty day moving average price of $61.29 and a two-hundred day moving average price of $65.56.

Hedge Funds Weigh In On Woori Bank

Several hedge funds and other institutional investors have recently made changes to their positions in WF. Kestra Advisory Services LLC bought a new position in shares of Woori Bank in the 4th quarter valued at about $43,000. Smartleaf Asset Management LLC raised its holdings in shares of Woori Bank by 551.7% in the 2nd 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 holdings in shares of Woori Bank by 51.9% in 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 period. Tower Research Capital LLC TRC lifted its stake in Woori Bank by 3,282.4% in the 2nd 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 during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Woori Bank in the 4th quarter valued at about $72,000. 3.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WF shares. Wall Street Zen cut Woori Bank from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Zacks Research raised Woori Bank from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Weiss Ratings cut Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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.