Woori Bank (NYSE:WF) Receives "Buy (B)" Rating from Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "Buy (B)" rating for Woori Bank's stock, which trades under the symbol NYSE:WF.
• The bank's stock price experienced a decline to $55.90 during midday trading, with a 12-month trading range between $29.44 and $57.97.
• Woori Bank reported an earnings per share (EPS) of $2.63 for the last quarter, significantly below the consensus estimate of $3,574.37.

Woori Bank (NYSE:WF - Get Free Report)'s stock had its "buy (b)" rating reiterated by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Woori Bank Price Performance

Shares of NYSE WF traded down $0.44 during midday trading on Wednesday, hitting $55.90. 12,711 shares of the company's stock were exchanged, compared to its average volume of 60,224. Woori Bank has a 12-month low of $29.44 and a 12-month high of $57.97. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.88. The company has a market cap of $13.84 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 1.02 and a beta of 1.14. The business's fifty day moving average price is $54.90 and its two-hundred day moving average price is $46.60.

Woori Bank (NYSE:WF - Get Free Report) last issued its earnings results on Friday, July 25th. The bank reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $3,574.37 by ($3,571.74). The firm had revenue of $2 billion during the quarter, compared to analysts' expectations of $2,790.97 billion. Woori Bank had a return on equity of 8.30% and a net margin of 11.84%. As a group, research analysts forecast that Woori Bank will post 8.24 EPS for the current fiscal year.

Institutional Trading of Woori Bank

Several hedge funds and other institutional investors have recently bought and sold shares of WF. Smartleaf Asset Management LLC boosted its stake in Woori Bank by 551.7% in the second quarter. Smartleaf Asset Management LLC now owns 984 shares of the bank's stock worth $48,000 after buying an additional 833 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of Woori Bank by 51.9% during the second quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank's stock valued at $51,000 after purchasing an additional 356 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Woori Bank by 3,282.4% during the second quarter. Tower Research Capital LLC TRC now owns 1,150 shares of the bank's stock valued at $57,000 after purchasing an additional 1,116 shares during the period. Allworth Financial LP boosted its stake in shares of Woori Bank by 25.5% during the second quarter. Allworth Financial LP now owns 1,171 shares of the bank's stock valued at $58,000 after purchasing an additional 238 shares during the period. Finally, Hantz Financial Services Inc. boosted its stake in shares of Woori Bank by 7,366.7% during the second quarter. Hantz Financial Services Inc. now owns 1,568 shares of the bank's stock valued at $78,000 after purchasing an additional 1,547 shares during the period. Hedge funds and other institutional investors own 3.41% of the company's stock.

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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