Short Interest in Woori Bank (NYSE:WF) Rises By 118.9%

Woori Bank (NYSE:WF) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 406,492 shares, an increase of 118.9% from the May 31st total of 185,668 shares. Based on an average daily trading volume, of 195,230 shares, the short-interest ratio is currently 2.1 days. Approximately 0.2% of the company’s stock are sold short.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Woori Bank

Large investors have recently modified their holdings of the company. Morgan Stanley grew its holdings in shares of Woori Bank by 4.6% during the fourth quarter. Morgan Stanley now owns 1,399,904 shares of the bank’s stock worth $82,300,000 after buying an additional 61,178 shares during the last quarter. Creative Planning raised its stake in Woori Bank by 14.2% during the 3rd quarter. Creative Planning now owns 298,934 shares of the bank’s stock valued at $16,785,000 after acquiring an additional 37,123 shares during the last quarter. Quantinno Capital Management LP raised its stake in Woori Bank by 47.5% during 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. Ethic Inc. lifted its position in Woori Bank by 9.1% during the 4th quarter. Ethic Inc. now owns 124,767 shares of the bank’s stock worth $7,335,000 after acquiring an additional 10,457 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Woori Bank by 9.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 118,596 shares of the bank’s stock worth $6,972,000 after acquiring an additional 10,115 shares during the period. 3.41% of the stock is owned by institutional investors and hedge funds.

Woori Bank Stock Performance

NYSE WF opened at $57.22 on Thursday. The company has a fifty day moving average of $63.14 and a two-hundred day moving average of $65.10. The company has a market capitalization of $14.00 billion, a PE ratio of 6.62, a P/E/G ratio of 0.54 and a beta of 1.02. Woori Bank has a 1 year low of $48.83 and a 1 year high of $84.71. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.14 and a quick ratio of 1.14.

Woori Bank (NYSE:WF) last announced its earnings results on Friday, April 24th. The bank reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.60 by ($1.01). The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.99 billion. Woori Bank had a net margin of 13.34% and a return on equity of 8.46%. As a group, analysts expect that Woori Bank will post 9.1 earnings per share for the current year.

Woori Bank Company Profile

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.