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

Woori Bank (NYSE:WF) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 88,354 shares, a growth of 22.4% from the December 31st total of 72,156 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 59,446 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 59,446 shares, the short-interest ratio is currently 1.5 days. Approximately 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Woori Bank

A number of hedge funds and other institutional investors have recently made changes to their positions in WF. Allworth Financial LP increased its holdings in shares of Woori Bank by 25.5% during the second quarter. Allworth Financial LP now owns 1,171 shares of the bank’s stock valued at $58,000 after acquiring an additional 238 shares in the last quarter. CWM LLC grew its position in Woori Bank by 8.1% during the 3rd quarter. CWM LLC now owns 3,230 shares of the bank’s stock worth $181,000 after purchasing an additional 243 shares during the last quarter. Bridgewater Advisors Inc. increased its stake in Woori Bank by 2.1% during 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 in the last quarter. Aprio Wealth Management LLC raised its holdings in shares of Woori Bank by 2.3% in the third quarter. Aprio Wealth Management LLC now owns 11,678 shares of the bank’s stock worth $656,000 after buying an additional 258 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Woori Bank by 0.7% during the third quarter. Signaturefd LLC now owns 43,497 shares of the bank’s stock worth $2,442,000 after buying an additional 285 shares during the period. Institutional investors own 3.41% of the company’s stock.

Woori Bank Trading Up 0.9%

NYSE WF opened at $65.49 on Thursday. Woori Bank has a 12 month low of $29.44 and a 12 month high of $66.52. The company’s 50-day moving average price is $58.85 and its 200-day moving average price is $56.11. The stock has a market cap of $16.02 billion, a PE ratio of 7.33, a PEG ratio of 1.12 and a beta of 1.14. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78.

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Woori Bank in a report on Monday, December 29th. Zacks Research raised shares of Woori Bank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Wall Street Zen cut shares of Woori Bank from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

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.