Woori Bank (NYSE:WF) Announces Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Woori Bank (NYSE:WF) released its quarterly earnings data on Friday. The bank reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.79 by ($0.13), Zacks reports. Woori Bank had a return on equity of 8.46% and a net margin of 13.34%.The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.98 billion.

Woori Bank Trading Up 3.7%

WF opened at $65.02 on Friday. The business has a fifty day simple moving average of $61.33 and a 200-day simple moving average of $65.56. Woori Bank has a 52 week low of $48.83 and a 52 week high of $84.71. The firm has a market cap of $15.78 billion, a P/E ratio of 7.49, a P/E/G ratio of 0.69 and a beta of 1.02. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.87.

Analyst Ratings Changes

WF has been the subject of several analyst reports. Wall Street Zen cut shares of Woori Bank from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Zacks Research raised shares of Woori Bank from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Weiss Ratings cut Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Woori Bank currently has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WF. Morgan Stanley boosted its holdings in Woori Bank by 4.6% in the fourth quarter. Morgan Stanley now owns 1,399,904 shares of the bank’s stock valued at $82,300,000 after purchasing 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 purchasing an additional 37,123 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Woori Bank by 9.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 118,596 shares of the bank’s stock valued at $6,972,000 after buying an additional 10,115 shares during the period. Vident Advisory LLC raised its holdings in Woori Bank by 2.1% during the second quarter. Vident Advisory LLC now owns 117,759 shares of the bank’s stock worth $5,856,000 after purchasing an additional 2,394 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Woori Bank by 18.9% during the 3rd quarter. Bank of America Corp DE now owns 116,746 shares of the bank’s stock worth $6,555,000 after buying an additional 18,537 shares in the last quarter. 3.41% of the stock is currently owned by hedge funds and other institutional investors.

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.