Woori Bank (NYSE:WF) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Shares of Woori Bank experienced elevated trading activity on Friday with about 61,378 shares traded and the stock last at $67.855, down from the prior close of $70.64.
• Woori Bank reported quarterly EPS of $1.59, missing the consensus by $1.01, while showing a return on equity of 8.74%, a P/E of 7.85 and a market cap of $16.65 billion.
• Analyst sentiment is mixed—Weiss Ratings reiterated a buy while Zacks and Wall Street Zen moved to hold—resulting in an average rating of Moderate Buy.

Shares of Woori Bank (NYSE:WF - Get Free Report) saw unusually-high trading volume on Friday . Approximately 61,378 shares traded hands during trading, a decline of 37% from the previous session's volume of 97,285 shares.The stock last traded at $67.8550 and had previously closed at $70.64.

Analyst Upgrades and Downgrades

WF has been the subject of several recent analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Woori Bank in a research note on Monday, December 29th. Zacks Research lowered Woori Bank from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 8th. Finally, Wall Street Zen cut Woori Bank from a "buy" rating to a "hold" rating in a research report on Saturday, April 4th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Woori Bank presently has an average rating of "Moderate Buy".

Woori Bank Price Performance

The firm has a market cap of $16.65 billion, a P/E ratio of 7.85, a price-to-earnings-growth ratio of 0.73 and a beta of 1.13. The stock's 50-day moving average is $70.98 and its 200-day moving average is $62.49. The company has a quick ratio of 1.13, a current ratio of 1.10 and a debt-to-equity ratio of 0.90.

Woori Bank (NYSE:WF - Get Free Report) last posted its quarterly earnings results on Friday, April 24th. The bank reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.60 by ($1.01). Woori Bank had a return on equity of 8.74% and a net margin of 13.49%. As a group, equities analysts anticipate that Woori Bank will post 9.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. HM Payson & Co. acquired a new stake in Woori Bank during the third quarter worth $29,000. Bell Investment Advisors Inc lifted its holdings in shares of Woori Bank by 34.2% during the 1st quarter. Bell Investment Advisors Inc now owns 675 shares of the bank's stock worth $45,000 after acquiring an additional 172 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Woori Bank during the 4th quarter worth about $43,000. Smartleaf Asset Management LLC boosted its position in shares of Woori Bank by 551.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 984 shares of the bank's stock valued at $48,000 after acquiring an additional 833 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in Woori Bank by 51.9% in the second quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank's stock valued at $51,000 after acquiring an additional 356 shares during the period. 3.41% of the stock is currently owned by institutional investors and hedge funds.

About Woori Bank

Woori Bank Co, Ltd. NYSE: WF is a South Korean commercial bank and the principal banking unit of Woori Financial Group. Established in 2001 through the merger of Hanvit Bank and Peace Bank, the institution traces its roots to earlier banking entities that date back to the late 19th and mid-20th centuries. Headquartered in Seoul, Woori Bank operates under a universal banking model, serving both individual customers and corporate clients with a comprehensive suite of financial products and services.

The bank's core operations encompass retail banking, corporate and investment banking, treasury services, and wealth management.

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