Woori Bank (NYSE:WF) Issues Quarterly Earnings Results

Key Points

• Woori Bank reported a quarterly EPS of $2.63, significantly missing the consensus estimate of $3,574.37 by a large margin.
• The bank's revenue for the quarter was $2 billion, falling short of analysts' expectations of $2,790.97 billion.
• A hedge fund, AQR Capital Management LLC, increased its stake in Woori Bank by over 50% during the first quarter, indicating institutional interest in the bank.

Woori Bank (NYSE:WF - Get Free Report) announced its quarterly earnings results on Friday. The bank reported $2.63 EPS for the quarter, missing the consensus estimate of $3,574.37 by ($3,571.74), Zacks reports. The firm had revenue of $2 billion for the quarter, compared to analysts' expectations of $2,790.97 billion. Woori Bank had a return on equity of 8.27% and a net margin of 11.56%.

Woori Bank Price Performance

WF stock traded down $0.59 on Friday, reaching $54.61. The company had a trading volume of 77,901 shares, compared to its average volume of 82,172. Woori Bank has a 1 year low of $29.44 and a 1 year high of $57.97. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.08 and a current ratio of 1.08. The company's fifty day moving average is $47.61 and its 200 day moving average is $38.84. The company has a market cap of $13.52 billion, a P/E ratio of 6.97, a PEG ratio of 1.01 and a beta of 1.04.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Woori Bank stock. AQR Capital Management LLC grew its holdings in shares of Woori Bank (NYSE:WF - Free Report) by 50.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,163 shares of the bank's stock after purchasing an additional 6,782 shares during the quarter. AQR Capital Management LLC's holdings in Woori Bank were worth $673,000 at the end of the most recent quarter. 3.41% of the stock is currently owned by institutional investors.

About Woori Bank

Woori Financial Group Inc, a financial holding company, operates as a commercial bank that provides a range of financial products and services to individuals, corporations, and small- and medium-sized enterprises in Korea. It operates through Banking, Credit Card, Capital, Investment Banking, and Others segments.

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