Woori Bank (NYSE:WF) Short Interest Update

Woori Bank (NYSE:WF) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totaling 130,740 shares, a growth of 33.5% from the March 31st total of 97,955 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 140,897 shares, the short-interest ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

Several research analysts have commented on WF shares. Zacks Research cut shares of Woori Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Wall Street Zen cut shares of Woori Bank from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Woori Bank Stock Up 4.1%

Shares of NYSE:WF traded up $2.79 on Thursday, hitting $70.86. 78,536 shares of the company’s stock were exchanged, compared to its average volume of 120,431. The firm’s 50-day moving average is $69.78 and its 200 day moving average is $62.93. The company has a market capitalization of $17.34 billion, a PE ratio of 8.19, a P/E/G ratio of 0.64 and a beta of 1.13. Woori Bank has a 1-year low of $36.70 and a 1-year high of $84.71. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.10 and a current ratio of 1.10.

Woori Bank (NYSE:WF) last released its quarterly earnings data on Friday, April 24th. The bank reported $1.59 earnings per share (EPS) 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 analyst estimates of $1.99 billion. Woori Bank had a return on equity of 8.64% and a net margin of 13.34%. Sell-side analysts predict that Woori Bank will post 9.1 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new position in shares of Woori Bank in the 1st quarter valued at $26,000. HM Payson & Co. acquired a new position in shares of Woori Bank in the 3rd quarter valued at $29,000. Bell Investment Advisors Inc boosted its holdings in shares of Woori Bank by 34.2% in the 1st quarter. Bell Investment Advisors Inc now owns 675 shares of the bank’s stock valued at $45,000 after buying an additional 172 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Woori Bank in the 4th quarter valued at $43,000. Finally, Smartleaf Asset Management LLC boosted 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 buying an additional 833 shares in the last quarter. Institutional investors and hedge funds own 3.41% of the company’s stock.

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.