Woori Bank (NYSE:WF) Short Interest Down 18.2% in January

Woori Bank (NYSE:WF) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 72,268 shares, a decrease of 18.2% from the January 15th total of 88,354 shares. Based on an average daily volume of 62,572 shares, the short-interest ratio is currently 1.2 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 62,572 shares, the short-interest ratio is currently 1.2 days.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WF. Zacks Research raised Woori Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. Weiss Ratings restated a “buy (b)” rating on shares of Woori Bank in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Woori Bank from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Woori Bank Stock Up 2.0%

NYSE:WF traded up $1.59 during mid-day trading on Monday, reaching $80.68. The company’s stock had a trading volume of 107,928 shares, compared to its average volume of 61,341. The firm has a market capitalization of $19.74 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 0.85 and a beta of 1.14. The stock has a fifty day moving average of $61.68 and a 200-day moving average of $57.30. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.78. Woori Bank has a 1 year low of $29.44 and a 1 year high of $81.89.

Woori Bank (NYSE:WF) last released its quarterly earnings results on Friday, November 14th. The bank reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $1.29. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.99 billion. Woori Bank had a net margin of 13.29% and a return on equity of 9.16%. Equities research analysts forecast that Woori Bank will post 8.24 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TD Private Client Wealth LLC increased its holdings in shares of Woori Bank by 14.6% in the fourth quarter. TD Private Client Wealth LLC now owns 1,262 shares of the bank’s stock valued at $74,000 after purchasing an additional 161 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Woori Bank by 9.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,914 shares of the bank’s stock valued at $113,000 after purchasing an additional 166 shares during the period. Allworth Financial LP increased its position in Woori Bank by 12.4% during the fourth quarter. Allworth Financial LP now owns 1,693 shares of the bank’s stock worth $100,000 after purchasing an additional 187 shares during the last quarter. CWM LLC raised its stake in Woori Bank by 8.1% during the third quarter. CWM LLC now owns 3,230 shares of the bank’s stock worth $181,000 after purchasing an additional 243 shares during the period. Finally, Bridgewater Advisors Inc. boosted its holdings in Woori Bank by 2.1% in the 2nd quarter. Bridgewater Advisors Inc. now owns 12,225 shares of the bank’s stock valued at $650,000 after purchasing an additional 246 shares during the last quarter. 3.41% of the stock is owned by hedge funds and other institutional investors.

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.