Woori Bank (NYSE:WF) Sees Significant Decrease in Short Interest

Woori Bank (NYSE:WF) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 41,309 shares, a decline of 35.9% from the February 12th total of 64,479 shares. Based on an average daily trading volume, of 102,965 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 102,965 shares, the short-interest ratio is currently 0.4 days.

Woori Bank Stock Down 1.0%

Shares of WF stock traded down $0.63 during trading on Friday, reaching $64.56. The company’s stock had a trading volume of 98,613 shares, compared to its average volume of 100,712. Woori Bank has a one year low of $29.44 and a one year high of $84.71. The business has a fifty day moving average price of $67.82 and a 200-day moving average price of $59.92. The company has a market cap of $15.80 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. 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 (NYSE:WF) last released its earnings results on Wednesday, March 4th. The bank reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.04). Woori Bank had a net margin of 13.49% and a return on equity of 8.74%. The business had revenue of $367.58 million during the quarter, compared to the consensus estimate of $1.84 billion. Analysts anticipate that Woori Bank will post 8.24 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Trading of Woori Bank

Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC grew its stake in Woori Bank by 50.7% in the first quarter. AQR Capital Management LLC now owns 20,163 shares of the bank’s stock valued at $673,000 after purchasing an additional 6,782 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Woori Bank by 67.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 52,170 shares of the bank’s stock valued at $1,741,000 after buying an additional 21,016 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Woori Bank by 8.6% in the second quarter. Envestnet Asset Management Inc. now owns 8,143 shares of the bank’s stock valued at $405,000 after buying an additional 643 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Woori Bank by 0.8% in the second quarter. Acadian Asset Management LLC now owns 128,924 shares of the bank’s stock valued at $6,407,000 after buying an additional 1,083 shares in the last quarter. Finally, Profund Advisors LLC acquired a new position in Woori Bank during the second quarter worth $257,000. 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.