Woori Bank (NYSE:WF) Sees Unusually-High Trading Volume – Here’s What Happened

Woori Bank (NYSE:WF) saw unusually-high trading volume on Friday . Approximately 61,378 shares traded hands during mid-day trading, a decline of 37% from the previous session’s volume of 97,285 shares.The stock last traded at $67.8550 and had previously closed at $70.64.

Wall Street Analysts Forecast Growth

WF has been the topic of a number of analyst reports. Wall Street Zen cut shares of Woori Bank from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Woori Bank in a research note on Monday, December 29th. Finally, Zacks Research downgraded shares of Woori Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Woori Bank Trading Down 5.1%

The firm has a market capitalization of $16.41 billion, a PE ratio of 7.73, a PEG ratio of 0.72 and a beta of 1.13. The company has a quick ratio of 1.13, a current ratio of 1.10 and a debt-to-equity ratio of 0.90. The stock’s fifty day simple moving average is $70.71 and its 200 day simple moving average is $62.61.

Woori Bank (NYSE:WF) last announced its earnings results on Friday, April 24th. The bank reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $2.60 by ($1.01). Woori Bank had a net margin of 13.49% and a return on equity of 8.74%. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.99 billion. On average, sell-side analysts predict that Woori Bank will post 9.99 earnings per share for the current year.

Hedge Funds Weigh In On Woori Bank

Hedge funds have recently modified their holdings of the company. Laird Norton Wetherby Trust Company LLC purchased a new position in Woori Bank during the fourth quarter valued at $5,521,000. Millennium Management LLC bought a new position in Woori Bank during the fourth quarter valued at $3,954,000. Morgan Stanley lifted its position in Woori Bank by 4.6% during the fourth quarter. Morgan Stanley now owns 1,399,904 shares of the bank’s stock valued at $82,300,000 after purchasing an additional 61,178 shares during the last quarter. Capital International Investors purchased a new stake in shares of Woori Bank in the third quarter valued at $2,997,000. Finally, B. Metzler seel. Sohn & Co. AG raised its stake in shares of Woori Bank by 100.1% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 89,881 shares of the bank’s stock valued at $5,284,000 after acquiring an additional 44,974 shares during the period. 3.41% of the stock is currently owned by institutional investors.

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.