Woori Bank (NYSE:WF) Short Interest Update

Woori Bank (NYSE:WF) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 406,492 shares, an increase of 118.9% from the May 31st total of 185,668 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 195,230 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Investors Weigh In On Woori Bank

Institutional investors have recently modified their holdings of the business. Morgan Stanley lifted its stake in Woori Bank by 4.6% during the 4th quarter. Morgan Stanley now owns 1,399,904 shares of the bank’s stock valued at $82,300,000 after acquiring an additional 61,178 shares during the period. Creative Planning boosted its holdings in Woori Bank by 14.2% in the third quarter. Creative Planning now owns 298,934 shares of the bank’s stock worth $16,785,000 after purchasing an additional 37,123 shares during the last quarter. Quantinno Capital Management LP grew its position in Woori Bank by 47.5% in the 1st quarter. Quantinno Capital Management LP now owns 198,920 shares of the bank’s stock worth $13,248,000 after purchasing an additional 64,055 shares during the period. Ethic Inc. raised its stake in Woori Bank by 9.1% during the 4th quarter. Ethic Inc. now owns 124,767 shares of the bank’s stock valued at $7,335,000 after buying an additional 10,457 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Woori Bank by 9.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 118,596 shares of the bank’s stock valued at $6,972,000 after buying an additional 10,115 shares during the period. 3.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WF. Weiss Ratings lowered shares of Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Zacks Research raised shares of Woori Bank from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Wall Street Zen lowered shares of 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 company’s stock. According to data from MarketBeat, Woori Bank presently has a consensus rating of “Moderate Buy”.

Woori Bank Stock Down 0.3%

Shares of WF traded down $0.18 during mid-day trading on Wednesday, reaching $57.22. The company had a trading volume of 180,795 shares, compared to its average volume of 127,969. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of 6.62, a price-to-earnings-growth ratio of 0.54 and a beta of 1.01. The firm has a 50-day moving average price of $63.46 and a 200 day moving average price of $65.09. Woori Bank has a 52 week low of $48.83 and a 52 week high of $84.71.

Woori Bank (NYSE:WF) last released its earnings results on Friday, April 24th. The bank reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $2.60 by ($1.01). Woori Bank had a return on equity of 8.46% and a net margin of 13.34%.The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.99 billion. On average, sell-side analysts forecast that Woori Bank will post 9.1 EPS for the current year.

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.