Short Interest in Woori Bank (NYSE:WF) Grows By 92.8%

Woori Bank (NYSE:WF) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 79,663 shares, an increase of 92.8% from the February 26th total of 41,309 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 107,825 shares, the days-to-cover ratio is presently 0.7 days.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Zacks Research upgraded Woori Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. Wall Street Zen downgraded Woori Bank from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Woori Bank in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Woori Bank Stock Down 2.6%

Shares of WF traded down $1.71 during mid-day trading on Thursday, hitting $65.17. 112,811 shares of the company’s stock were exchanged, compared to its average volume of 116,980. The stock has a market cap of $15.95 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 0.68 and a beta of 1.10. The firm has a fifty day moving average of $69.34 and a two-hundred day moving average of $60.71. The company has a quick ratio of 1.13, a current ratio of 1.10 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.

Woori Bank (NYSE:WF) last issued its quarterly earnings data 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). The business had revenue of $367.58 million during the quarter, compared to the consensus estimate of $1.84 billion. Woori Bank had a return on equity of 8.74% and a net margin of 13.49%. On average, sell-side analysts forecast that Woori Bank will post 8.24 earnings per share for the current year.

Institutional Trading of Woori Bank

Institutional investors and hedge funds have recently made changes to their positions in the stock. HM Payson & Co. bought a new position in Woori Bank during the third quarter worth $29,000. Kestra Advisory Services LLC bought a new stake in Woori Bank in the 4th quarter valued at $43,000. Smartleaf Asset Management LLC boosted its holdings in 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 purchasing an additional 833 shares during the period. Osaic Holdings Inc. grew its position in Woori Bank by 51.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank’s stock worth $51,000 after purchasing an additional 356 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Woori Bank by 3,282.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,150 shares of the bank’s stock worth $57,000 after purchasing an additional 1,116 shares during the period. 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.