Woori Bank (WF) Projected to Post Quarterly Earnings on Friday

Woori Bank (NYSE:WF) will likely be releasing its results before the market opens on Friday, July 24th. Analysts expect the company to announce earnings of $2.40 per share and revenue of $1.9668 billion for the quarter.

Woori Bank (NYSE:WF) last posted its quarterly earnings results on Friday, April 24th. The bank reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.60 by ($1.01). The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.99 billion. Woori Bank had a net margin of 13.34% and a return on equity of 8.46%. On average, analysts expect Woori Bank to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Woori Bank Stock Up 2.0%

Woori Bank stock opened at $63.49 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.14 and a quick ratio of 1.14. The company’s 50-day moving average is $61.34 and its 200-day moving average is $65.51. The firm has a market capitalization of $15.41 billion, a PE ratio of 7.34, a P/E/G ratio of 0.68 and a beta of 1.02. Woori Bank has a fifty-two week low of $48.83 and a fifty-two week high of $84.71.

Wall Street Analyst Weigh In

Several analysts recently issued reports on WF shares. Zacks Research upgraded Woori Bank from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Weiss Ratings downgraded shares of Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Finally, Wall Street Zen lowered shares of Woori Bank from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Woori Bank

Several institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its stake in shares of Woori Bank by 50.7% in the 1st 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 during the last quarter. Goldman Sachs Group Inc. boosted its position in Woori Bank by 67.5% during the first quarter. Goldman Sachs Group Inc. now owns 52,170 shares of the bank’s stock valued at $1,741,000 after acquiring an additional 21,016 shares during the last quarter. Geode Capital Management LLC acquired a new stake in Woori Bank during the 2nd quarter worth about $240,000. JPMorgan Chase & Co. grew its holdings in Woori Bank by 40.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 80,430 shares of the bank’s stock worth $4,000,000 after acquiring an additional 23,020 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Woori Bank by 133.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 8,744 shares of the bank’s stock worth $435,000 after acquiring an additional 4,996 shares in the last quarter. Institutional investors and hedge funds 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.