Short Interest in Woori Financial Group Inc. (NYSE:WF) Decreases By 19.3%

Woori Financial Group Inc. (NYSE:WF - Get Free Report) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 115,500 shares, a decrease of 19.3% from the March 15th total of 143,100 shares. Based on an average trading volume of 51,800 shares, the short-interest ratio is currently 2.2 days.

Institutional Trading of Woori Financial Group

Several institutional investors have recently made changes to their positions in the business. Raymond James & Associates bought a new position in shares of Woori Financial Group during the 1st quarter worth approximately $363,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Woori Financial Group by 62.5% during the first quarter. Sequoia Financial Advisors LLC now owns 12,417 shares of the bank's stock valued at $468,000 after acquiring an additional 4,778 shares during the period. Thomas White International Ltd. boosted its stake in shares of Woori Financial Group by 0.3% in the 1st quarter. Thomas White International Ltd. now owns 162,413 shares of the bank's stock valued at $6,116,000 after purchasing an additional 485 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Woori Financial Group by 2.4% in the 1st quarter. Northern Trust Corp now owns 20,265 shares of the bank's stock worth $763,000 after purchasing an additional 480 shares during the last quarter. Finally, UBS Group AG increased its position in shares of Woori Financial Group by 12.8% during the 1st quarter. UBS Group AG now owns 3,156 shares of the bank's stock worth $119,000 after purchasing an additional 359 shares in the last quarter. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Woori Financial Group Stock Performance

Woori Financial Group stock traded down $1.34 during trading hours on Friday, hitting $29.02. The stock had a trading volume of 49,052 shares, compared to its average volume of 50,182. The company has a 50-day moving average of $33.06 and a two-hundred day moving average of $30.36. The company has a quick ratio of 1.07, a current ratio of 1.05 and a debt-to-equity ratio of 0.93. Woori Financial Group has a fifty-two week low of $24.94 and a fifty-two week high of $36.17. The company has a market cap of $7.27 billion, a PE ratio of 3.89, a price-to-earnings-growth ratio of 0.40 and a beta of 1.04.

Woori Financial Group (NYSE:WF - Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The bank reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.94 by ($0.88). The firm had revenue of $2.13 billion for the quarter. Woori Financial Group had a net margin of 10.81% and a return on equity of 7.31%. On average, equities research analysts anticipate that Woori Financial Group will post 8.04 EPS for the current fiscal year.

Woori Financial Group Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, April 1st were paid a $1.1918 dividend. This represents a dividend yield of 5.3%. The ex-dividend date of this dividend was Thursday, March 28th. Woori Financial Group's dividend payout ratio is 62.73%.

Wall Street Analyst Weigh In

Separately, Bank of America upgraded shares of Woori Financial Group from a "neutral" rating to a "buy" rating in a research note on Tuesday, January 16th.

About Woori Financial Group

Woori Financial Group Inc, together with its subsidiaries, operates as a commercial bank that provides a range of financial services to individual, business, and institutional customers in Korea. It operates through Banking, Credit Card, Capital, Investment Banking, and Others segments. The company offers savings, demand, and installment deposits; time deposits, certificates of deposit, and repurchase instruments; and working capital, facilities, general purpose household, mortgage, and home equity loans.