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

Shares of Woori Bank (NYSE:WF) saw an uptick in trading volume on Wednesday . 89,684 shares were traded during mid-day trading, a decline of 23% from the previous session’s volume of 116,749 shares.The stock last traded at $63.9570 and had previously closed at $66.00.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WF. Zacks Research cut Woori Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Wall Street Zen lowered Woori Bank from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings cut Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Woori Bank Stock Down 0.3%

The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.14 and a current ratio of 1.14. The company’s fifty day moving average price is $65.51 and its 200-day moving average price is $65.05. The stock has a market cap of $15.32 billion, a P/E ratio of 7.24, a price-to-earnings-growth ratio of 0.59 and a beta of 1.01.

Woori Bank (NYSE:WF) last issued its quarterly earnings results on Friday, April 24th. The bank reported $1.59 EPS for the quarter, missing the consensus estimate of $2.60 by ($1.01). Woori Bank had a net margin of 13.34% and a return on equity of 8.46%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.99 billion. Equities analysts forecast that Woori Bank will post 9.1 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Parallel Advisors LLC lifted its stake in shares of Woori Bank by 17.2% during the 1st quarter. Parallel Advisors LLC now owns 16,613 shares of the bank’s stock worth $1,106,000 after acquiring an additional 2,441 shares during the last quarter. Quantinno Capital Management LP grew its position in Woori Bank by 47.5% in the 1st quarter. Quantinno Capital Management LP now owns 198,920 shares of the bank’s stock valued at $13,248,000 after acquiring an additional 64,055 shares during the last quarter. Compound Planning Inc. grew its position in Woori Bank by 9.9% in the 1st quarter. Compound Planning Inc. now owns 8,983 shares of the bank’s stock valued at $598,000 after acquiring an additional 809 shares during the last quarter. First Trust Advisors LP increased its stake in Woori Bank by 88.2% in the first quarter. First Trust Advisors LP now owns 32,905 shares of the bank’s stock worth $2,191,000 after purchasing an additional 15,417 shares during the period. Finally, Barometer Capital Management Inc. purchased a new stake in Woori Bank in the first quarter worth $1,172,000. Institutional investors own 3.41% of the company’s stock.

About Woori Bank

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.