Woori Bank (WF) Projected to Post Quarterly Earnings on Wednesday

Woori Bank (NYSE:WF) is expected to issue its results before the market opens on Wednesday, March 4th. Analysts expect the company to announce earnings of $0.8980 per share and revenue of $1.8397 billion for the quarter.

Woori Bank Stock Up 0.1%

Woori Bank stock opened at $82.05 on Wednesday. The company has a market capitalization of $20.08 billion, a PE ratio of 9.18, a PEG ratio of 0.87 and a beta of 1.14. Woori Bank has a 12-month low of $29.44 and a 12-month high of $84.71. The firm’s fifty day moving average is $64.66 and its 200 day moving average is $58.48. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.78.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. AQR Capital Management LLC grew its holdings in Woori Bank by 50.7% during the first quarter. AQR Capital Management LLC now owns 20,163 shares of the bank’s stock worth $673,000 after buying an additional 6,782 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Woori Bank by 67.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 52,170 shares of the bank’s stock worth $1,741,000 after acquiring an additional 21,016 shares during the last quarter. Geode Capital Management LLC purchased a new position in Woori Bank during the 2nd quarter worth $240,000. JPMorgan Chase & Co. grew its stake in shares of Woori Bank by 40.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 80,430 shares of the bank’s stock worth $4,000,000 after acquiring an additional 23,020 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Woori Bank by 133.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 8,744 shares of the bank’s stock worth $435,000 after purchasing an additional 4,996 shares in the last quarter. Institutional investors own 3.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WF. Zacks Research upgraded 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 report on Monday, December 29th. Finally, Wall Street Zen upgraded Woori Bank from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, Woori Bank currently has a consensus 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.