Woori Bank (NYSE:WF) Announces Earnings Results, Misses Expectations By $1.01 EPS
by Teresa Graham · The Cerbat GemWoori Bank (NYSE:WF – Get Free Report) announced its earnings results on Friday. The bank reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.60 by ($1.01), Zacks reports. Woori Bank had a net margin of 13.49% and a return on equity of 8.74%.
Woori Bank Price Performance
Shares of WF stock traded down $2.32 during trading hours on Friday, hitting $68.32. 128,659 shares of the company’s stock were exchanged, compared to its average volume of 98,867. The company has a market capitalization of $16.72 billion, a PE ratio of 7.88, a PEG ratio of 0.73 and a beta of 1.13. Woori Bank has a 12-month low of $34.80 and a 12-month high of $84.71. The business’s 50 day simple moving average is $70.98 and its 200-day simple moving average is $62.49. The company has a current ratio of 1.10, a quick ratio of 1.13 and a debt-to-equity ratio of 0.90.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on WF shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woori Bank in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Woori Bank from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. 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 analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Woori Bank presently has a consensus rating of “Moderate Buy”.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in WF. Laird Norton Wetherby Trust Company LLC purchased a new position in shares of Woori Bank during the fourth quarter worth approximately $5,521,000. Millennium Management LLC purchased a new position in shares of Woori Bank during the fourth quarter worth approximately $3,954,000. Morgan Stanley raised its stake in shares of Woori Bank by 4.6% during the fourth quarter. Morgan Stanley now owns 1,399,904 shares of the bank’s stock worth $82,300,000 after acquiring an additional 61,178 shares in the last quarter. Creative Planning raised its stake in shares of Woori Bank by 14.2% during the third quarter. Creative Planning now owns 298,934 shares of the bank’s stock worth $16,785,000 after acquiring an additional 37,123 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Woori Bank by 49.0% during the second quarter. Quantinno Capital Management LP now owns 84,072 shares of the bank’s stock worth $4,181,000 after acquiring an additional 27,633 shares in the last quarter. 3.41% of the stock is owned by hedge funds and other 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.