Woori Bank (WF) Expected to Release Earnings on Friday

Woori Bank (NYSE:WF) is expected to be issuing its results before the market opens on Friday, July 24th. Analysts expect the company to post earnings of $2.40 per share and revenue of $1.9668 billion for the quarter.

Woori Bank (NYSE:WF) last posted its quarterly earnings data on Friday, April 24th. The bank reported $1.59 earnings per share for the quarter, missing the consensus estimate of $2.60 by ($1.01). The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.99 billion. Woori Bank had a net margin of 13.34% and a return on equity of 8.46%. On average, analysts expect Woori Bank to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Woori Bank Stock Performance

Shares of WF opened at $62.30 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s 50 day moving average is $61.32 and its 200-day moving average is $65.54. Woori Bank has a 12-month low of $48.83 and a 12-month high of $84.71. The stock has a market capitalization of $15.12 billion, a P/E ratio of 7.20, a P/E/G ratio of 0.67 and a beta of 1.02.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of 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 report on Tuesday, June 23rd. Finally, Weiss Ratings downgraded Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Institutional Trading of Woori Bank

Hedge funds and other institutional investors have recently modified their holdings of the business. Calydon Capital lifted its position in shares of Woori Bank by 8.3% in the fourth quarter. Calydon Capital now owns 3,953 shares of the bank’s stock worth $232,000 after purchasing an additional 304 shares in the last quarter. Orion Porfolio Solutions LLC boosted its holdings in shares of Woori Bank by 10.2% during the fourth quarter. Orion Porfolio Solutions LLC now owns 4,485 shares of the bank’s stock worth $264,000 after purchasing an additional 414 shares during the period. Geode Capital Management LLC purchased a new position in Woori Bank during the fourth quarter valued at approximately $204,000. Aquatic Capital Management LLC purchased a new position in Woori Bank during the third quarter valued at approximately $234,000. Finally, Raymond James Financial Inc. increased its stake in Woori Bank by 1,221.1% in the 3rd quarter. Raymond James Financial Inc. now owns 4,254 shares of the bank’s stock valued at $239,000 after buying an additional 3,932 shares during the period. 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.