Woori Bank (NYSE:WF) Releases Earnings Results, Misses Estimates By $0.13 EPS

Woori Bank (NYSE:WF) issued its quarterly earnings results on Friday. The bank reported $2.66 EPS for the quarter, missing analysts’ consensus estimates 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%.

Woori Bank Trading Up 3.7%

WF opened at $65.02 on Friday. The company’s 50 day moving average is $61.33 and its 200-day moving average is $65.56. Woori Bank has a 1-year low of $48.83 and a 1-year high of $84.71. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.87. The company has a market cap of $15.78 billion, a P/E ratio of 7.52, a PEG ratio of 0.66 and a beta of 1.02.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WF. Wall Street Zen cut shares of Woori Bank from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Zacks Research upgraded 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 research note on Monday, June 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On Woori Bank

A number of institutional investors have recently added to or reduced their stakes in WF. AQR Capital Management LLC boosted its position in Woori Bank by 50.7% in the first quarter. AQR Capital Management LLC now owns 20,163 shares of the bank’s stock valued at $673,000 after buying an additional 6,782 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Woori Bank by 67.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 52,170 shares of the bank’s stock valued at $1,741,000 after acquiring an additional 21,016 shares during the last quarter. Geode Capital Management LLC bought a new position in shares of Woori Bank in the 2nd quarter valued at $240,000. JPMorgan Chase & Co. boosted its holdings in shares of Woori Bank by 40.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 80,430 shares of the bank’s stock valued at $4,000,000 after acquiring an additional 23,020 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Woori Bank by 133.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 8,744 shares of the bank’s stock valued at $435,000 after acquiring an additional 4,996 shares in the last quarter. 3.41% of the stock is currently owned by institutional investors and hedge funds.

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.