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Woori Bank (NYSE:WF) Issues Earnings Results

Woori Bank logo with Finance background

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.
  • Need better tools to track Woori Bank? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Woori Bank (NYSE:WF - Get Free Report) announced its quarterly earnings data on Friday. The bank reported $2.63 earnings per share for the quarter, missing the consensus estimate of $3,574.37 by ($3,571.74), Zacks reports. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2,790.97 billion. Woori Bank had a return on equity of 8.31% and a net margin of 11.84%.

Woori Bank Trading Up 0.4%

Woori Bank stock traded up $0.21 during trading hours on Wednesday, hitting $53.41. The stock had a trading volume of 48,869 shares, compared to its average volume of 65,676. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.86. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of 6.73, a P/E/G ratio of 0.96 and a beta of 1.04. Woori Bank has a one year low of $29.44 and a one year high of $57.97. The business's 50 day simple moving average is $48.16 and its 200-day simple moving average is $39.19.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Woori Bank stock. AQR Capital Management LLC boosted its holdings in Woori Bank (NYSE:WF - Free Report) by 50.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 owned by institutional investors and hedge funds.

About Woori Bank

(Get Free Report)

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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Earnings History for Woori Bank (NYSE:WF)

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