Woori Bank (NYSE:WF) Short Interest Update

Woori Bank (NYSE:WF) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 79,663 shares, a growth of 92.8% from the February 26th total of 41,309 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 107,825 shares, the short-interest ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woori Bank in a research report on Monday, December 29th. Wall Street Zen lowered Woori Bank from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. Finally, Zacks Research upgraded Woori Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

Woori Bank Stock Down 2.6%

WF stock traded down $1.71 during mid-day trading on Thursday, hitting $65.17. 112,811 shares of the company were exchanged, compared to its average volume of 116,980. The company has a current ratio of 1.10, a quick ratio of 1.13 and a debt-to-equity ratio of 0.90. Woori Bank has a twelve month low of $29.44 and a twelve month high of $84.71. The firm has a fifty day simple moving average of $69.34 and a 200 day simple moving average of $60.71. The company has a market capitalization of $15.95 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 0.68 and a beta of 1.10.

Woori Bank (NYSE:WF) last issued its earnings results on Wednesday, March 4th. The bank reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.04). Woori Bank had a return on equity of 8.74% and a net margin of 13.49%.The business had revenue of $367.58 million during the quarter, compared to the consensus estimate of $1.84 billion. On average, research analysts forecast that Woori Bank will post 8.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Woori Bank

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HM Payson & Co. purchased a new stake in Woori Bank during the third quarter valued at about $29,000. Kestra Advisory Services LLC purchased a new position in shares of Woori Bank in the fourth quarter worth approximately $43,000. Smartleaf Asset Management LLC raised its holdings in shares of Woori Bank by 551.7% during the second quarter. Smartleaf Asset Management LLC now owns 984 shares of the bank’s stock valued at $48,000 after acquiring an additional 833 shares during the period. Osaic Holdings Inc. lifted its position 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 acquiring an additional 356 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of 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 acquiring an additional 1,116 shares in the last quarter. Institutional investors 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.