Woori Bank (NYSE:WF) Shares Gap Down – What’s Next?

Woori Bank (NYSE:WF) shares gapped down prior to trading on Wednesday. The stock had previously closed at $79.68, but opened at $76.35. Woori Bank shares last traded at $76.18, with a volume of 22,506 shares traded.

Analyst Ratings Changes

A number of equities analysts recently commented on WF shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Woori Bank in a report on Friday, September 4th. Zacks Research raised Woori Bank from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Woori Bank has an average rating of “Moderate Buy”.

Woori Bank Stock Performance

The company has a market capitalization of $18.56 billion, a P/E ratio of 8.71, a P/E/G ratio of 0.71 and a beta of 1.02. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.16 and a current ratio of 1.16. The business’s fifty day simple moving average is $72.77 and its 200-day simple moving average is $67.34.

Woori Bank (NYSE:WF) last released its quarterly earnings results on Friday, July 24th. The bank reported $2.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.13). Woori Bank had a net margin of 13.28% and a return on equity of 8.18%. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.98 billion. As a group, equities analysts anticipate that Woori Bank will post 9.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new position in Woori Bank in the first quarter valued at about $26,000. Bessemer Group Inc. grew its position in Woori Bank by 68.1% during the 1st quarter. Bessemer Group Inc. now owns 437 shares of the bank’s stock worth $29,000 after purchasing an additional 177 shares during the last quarter. Bell Investment Advisors Inc increased its stake in Woori Bank by 34.2% during the 1st quarter. Bell Investment Advisors Inc now owns 675 shares of the bank’s stock valued at $45,000 after purchasing an additional 172 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Woori Bank by 37.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,084 shares of the bank’s stock valued at $64,000 after acquiring an additional 296 shares during the period. Finally, Eastern Bank acquired a new position in shares of Woori Bank in the second quarter valued at about $140,000. 3.41% of the stock is currently owned by hedge funds and other institutional investors.

Woori Bank Company Profile

Woori Bank is a South Korean commercial bank and the principal banking subsidiary of Woori Financial Group. It provides banking and financial services to individual customers, businesses, and institutional clients, including deposit accounts, consumer and commercial lending, corporate finance, trade finance, payment services, and foreign-exchange services.

The bank serves customers through a network in South Korea and maintains an international presence supporting Korean companies, multinational businesses, and retail customers in selected overseas markets.