Woori Bank (WF) to Release Earnings on Wednesday

Woori Bank (NYSE:WF) is anticipated 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 Trading Down 6.2%

Shares of WF stock opened at $74.70 on Monday. The business has a 50-day moving average of $66.00 and a 200 day moving average of $58.99. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.13 and a quick ratio of 1.13. Woori Bank has a 1-year low of $29.44 and a 1-year high of $84.71. The stock has a market capitalization of $18.28 billion, a PE ratio of 8.36, a P/E/G ratio of 0.76 and a beta of 1.10.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC purchased a new position in Woori Bank during the 2nd quarter valued at about $240,000. AQR Capital Management LLC increased its stake in shares of Woori Bank by 50.7% during 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. Raymond James Financial Inc. lifted its holdings in shares of Woori Bank by 1,221.1% during the third quarter. Raymond James Financial Inc. now owns 4,254 shares of the bank’s stock valued at $239,000 after purchasing an additional 3,932 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Woori Bank in the 3rd quarter worth approximately $234,000. Finally, Calydon Capital grew its stake in shares of Woori Bank by 8.3% in the 4th quarter. Calydon Capital now owns 3,953 shares of the bank’s stock worth $232,000 after buying an additional 304 shares during the last quarter. Hedge funds and other institutional investors own 3.41% of the company’s stock.

Analyst Upgrades and Downgrades

WF has been the subject of a number of analyst reports. Zacks Research raised Woori Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Woori Bank in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of Woori Bank from a “buy” rating to a “strong-buy” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Strong 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.