Woori Bank (WF) to Release Earnings on Thursday

Woori Bank (NYSE:WF) is expected to issue its results before the market opens on Thursday, November 13th. Analysts expect the company to announce earnings of $2.28 per share and revenue of $1.9926 billion for the quarter.

Woori Bank Trading Down 1.2%

Shares of NYSE WF opened at $54.18 on Wednesday. The firm’s 50 day moving average price is $55.17 and its 200-day moving average price is $50.40. Woori Bank has a 52-week low of $29.44 and a 52-week high of $57.97. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $13.26 billion, a PE ratio of 6.82, a P/E/G ratio of 0.90 and a beta of 1.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WF. Osaic Holdings Inc. lifted its holdings in shares of Woori Bank by 51.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank’s stock valued at $51,000 after acquiring an additional 356 shares during the last quarter. Evergreen Capital Management LLC purchased a new stake in Woori Bank during the second quarter valued at approximately $313,000. Tower Research Capital LLC TRC lifted its stake in shares of Woori Bank by 3,282.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,150 shares of the bank’s stock valued at $57,000 after purchasing an additional 1,116 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Woori Bank by 71.4% in the 2nd quarter. Corient Private Wealth LLC now owns 34,876 shares of the bank’s stock worth $1,734,000 after purchasing an additional 14,528 shares during the period. Finally, Vident Advisory LLC increased its position in shares of Woori Bank by 2.1% during the 2nd quarter. Vident Advisory LLC now owns 117,759 shares of the bank’s stock valued at $5,856,000 after purchasing an additional 2,394 shares during the last quarter. Institutional investors own 3.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WF. Zacks Research lowered shares of Woori Bank from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Woori Bank in a report on Wednesday, November 5th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

Woori Bank Company Profile

Woori Financial Group Inc, a financial holding company, operates as a commercial bank that provides a range of financial products and services to individuals, corporations, and small- and medium-sized enterprises in Korea. It operates through Banking, Credit Card, Capital, Investment Banking, and Others segments.