Woori Financial Group Inc. (NYSE:WF) Sees Significant Decrease in Short Interest

Woori Financial Group Inc. (NYSE:WF) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 115,500 shares, a decrease of 19.3% from the March 15th total of 143,100 shares. Based on an average daily volume of 51,800 shares, the short-interest ratio is presently 2.2 days.

Woori Financial Group Stock Down 4.4 %

Shares of Woori Financial Group stock traded down $1.34 during trading hours on Friday, reaching $29.02. 49,052 shares of the company were exchanged, compared to its average volume of 50,182. Woori Financial Group has a 1 year low of $24.94 and a 1 year high of $36.17. The stock’s fifty day moving average is $33.06 and its 200 day moving average is $30.36. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.07 and a current ratio of 1.05. The firm has a market cap of $7.27 billion, a PE ratio of 3.89, a PEG ratio of 0.38 and a beta of 1.04.

Woori Financial Group (NYSE:WF) last posted its quarterly earnings data on Thursday, February 29th. The bank reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.88). Woori Financial Group had a return on equity of 7.31% and a net margin of 10.81%. The company had revenue of $2.13 billion for the quarter. As a group, equities research analysts forecast that Woori Financial Group will post 8.04 earnings per share for the current year.

Woori Financial Group Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, April 1st were given a dividend of $1.1918 per share. This represents a dividend yield of 5.3%. The ex-dividend date was Thursday, March 28th. Woori Financial Group’s dividend payout ratio is currently 62.73%.

Analyst Upgrades and Downgrades

Separately, Bank of America raised Woori Financial Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th.

Institutional Trading of Woori Financial Group

A number of large investors have recently modified their holdings of WF. BlackRock Inc. raised its stake in Woori Financial Group by 21.2% in the second quarter. BlackRock Inc. now owns 1,481,554 shares of the bank’s stock valued at $39,928,000 after buying an additional 258,786 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in Woori Financial Group in the third quarter valued at $5,313,000. Morgan Stanley raised its stake in Woori Financial Group by 8.5% in the fourth quarter. Morgan Stanley now owns 1,086,569 shares of the bank’s stock valued at $29,913,000 after buying an additional 85,008 shares in the last quarter. Marshall Wace LLP raised its stake in Woori Financial Group by 67.1% in the third quarter. Marshall Wace LLP now owns 168,243 shares of the bank’s stock valued at $3,751,000 after buying an additional 67,537 shares in the last quarter. Finally, Rhumbline Advisers acquired a new stake in shares of Woori Financial Group during the second quarter worth about $1,314,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Woori Financial Group Company Profile

Woori Financial Group Inc, together with its subsidiaries, operates as a commercial bank that provides a range of financial services to individual, business, and institutional customers in Korea. It operates through Banking, Credit Card, Capital, Investment Banking, and Others segments. The company offers savings, demand, and installment deposits; time deposits, certificates of deposit, and repurchase instruments; and working capital, facilities, general purpose household, mortgage, and home equity loans.