Woori Bank (NYSE:WF) Releases Earnings Results, Misses Estimates By $0.04 EPS

Woori Bank (NYSE:WF) released its quarterly earnings data on Wednesday. The bank reported $0.86 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.04), Zacks reports. Woori Bank had a net margin of 13.10% and a return on equity of 8.71%. The business had revenue of $367.58 million for the quarter, compared to analysts’ expectations of $1.84 billion.

Woori Bank Stock Down 4.4%

Shares of NYSE WF traded down $3.16 during trading hours on Thursday, hitting $68.02. 49,275 shares of the stock were exchanged, compared to its average volume of 75,553. Woori Bank has a 12 month low of $29.44 and a 12 month high of $84.71. The firm has a fifty day moving average price of $66.77 and a 200-day moving average price of $59.32. The company has a quick ratio of 1.13, a current ratio of 1.10 and a debt-to-equity ratio of 0.90. The company has a market cap of $16.64 billion, a PE ratio of 7.61, a PEG ratio of 0.72 and a beta of 1.10.

Hedge Funds Weigh In On Woori Bank

Institutional investors and hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC purchased a new stake in shares of Woori Bank during the 4th quarter valued at $43,000. Smartleaf Asset Management LLC increased its position in Woori Bank by 551.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 984 shares of the bank’s stock valued at $48,000 after buying an additional 833 shares in the last quarter. Osaic Holdings Inc. raised its stake in Woori Bank by 51.9% in the second quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank’s stock valued at $51,000 after buying an additional 356 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in 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 acquiring an additional 1,116 shares in 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 during the fourth quarter worth about $72,000. 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 commented on WF. Weiss Ratings reiterated a “buy (b)” rating on shares of Woori Bank in a research note on Monday, December 29th. Zacks Research raised shares of Woori Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. Finally, Wall Street Zen upgraded shares of Woori Bank from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, Woori Bank currently has an average rating of “Strong Buy”.

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.