Woori Bank (WF) Projected to Post Quarterly Earnings on Friday
by Doug Wharley · The Cerbat GemWoori Bank (NYSE:WF – Get Free Report) is projected to release its results before the market opens on Friday, April 24th. Analysts expect Woori Bank to post earnings of $2.60 per share and revenue of $1.9886 billion for the quarter.
Woori Bank (NYSE:WF – Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The bank reported $0.86 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.04). The company had revenue of $367.58 million during the quarter, compared to the consensus estimate of $1.84 billion. Woori Bank had a net margin of 13.49% and a return on equity of 8.74%.
Woori Bank Price Performance
WF stock opened at $71.55 on Wednesday. The stock has a market cap of $17.51 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 0.74 and a beta of 1.13. The stock has a 50-day moving average price of $71.27 and a two-hundred day moving average price of $62.37. Woori Bank has a 1 year low of $34.80 and a 1 year high of $84.71. The company has a current ratio of 1.10, a quick ratio of 1.13 and a debt-to-equity ratio of 0.90.
Hedge Funds Weigh In On Woori Bank
A number of institutional investors have recently added to or reduced their stakes in WF. Morgan Stanley grew its holdings in 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 purchasing an additional 61,178 shares during the period. Creative Planning boosted its stake in shares of Woori Bank by 14.2% during the 3rd quarter. Creative Planning now owns 298,934 shares of the bank’s stock worth $16,785,000 after acquiring an additional 37,123 shares during the period. Vanguard Personalized Indexing Management LLC raised 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 acquiring an additional 10,115 shares during the period. Vident Advisory LLC lifted its holdings in 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. Finally, Bank of America Corp DE raised its position in shares of Woori Bank by 18.9% in the third quarter. Bank of America Corp DE now owns 116,746 shares of the bank’s stock valued at $6,555,000 after purchasing an additional 18,537 shares during the period. 3.41% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have commented on WF shares. Weiss Ratings restated a “buy (b)” rating on shares of Woori Bank in a research note on Monday, December 29th. Zacks Research lowered shares of Woori Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Finally, Wall Street Zen lowered shares of Woori Bank from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.
View Our Latest Analysis on WF
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.