Woori Financial Group (NYSE:WF) Stock Price Up 4.3%

Woori Financial Group Inc. (NYSE:WF - Get Free Report) shares rose 4.3% during trading on Monday . The company traded as high as $30.97 and last traded at $30.97. Approximately 14,614 shares changed hands during trading, a decline of 71% from the average daily volume of 50,304 shares. The stock had previously closed at $29.69.

Analyst Ratings Changes

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

Woori Financial Group Trading Up 3.9 %

The business has a 50 day simple moving average of $32.65 and a 200-day simple moving average of $30.49. The company has a current ratio of 1.05, a quick ratio of 1.07 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $7.64 billion, a price-to-earnings ratio of 4.14, a price-to-earnings-growth ratio of 0.39 and a beta of 1.04.

Woori Financial Group (NYSE:WF - Get Free Report) last issued its quarterly earnings results 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). Woori Financial Group had a return on equity of 7.31% and a net margin of 10.81%. The business had revenue of $2.13 billion during the quarter. On average, equities analysts predict that Woori Financial Group Inc. will post 8.04 earnings per share for the current year.

Woori Financial Group Dividend Announcement

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

Hedge Funds Weigh In On Woori Financial Group

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in shares of Woori Financial Group by 6.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 6,976 shares of the bank's stock valued at $191,000 after purchasing an additional 409 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Woori Financial Group by 7.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 23,260 shares of the bank's stock valued at $703,000 after buying an additional 1,565 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Woori Financial Group by 24.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 27,393 shares of the bank's stock valued at $751,000 after buying an additional 5,443 shares during the period. Blue Trust Inc. raised its holdings in shares of Woori Financial Group by 36.6% during the 4th quarter. Blue Trust Inc. now owns 3,751 shares of the bank's stock valued at $113,000 after buying an additional 1,005 shares during the period. Finally, Caprock Group LLC raised its holdings in shares of Woori Financial Group by 14.2% during the 4th quarter. Caprock Group LLC now owns 15,241 shares of the bank's stock valued at $461,000 after buying an additional 1,899 shares during the period. 17.79% of the stock is owned by institutional investors and hedge funds.

Woori Financial Group Company Profile

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.