Woori Bank (NYSE:WF) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Woori Bank's stock has crossed above its 200-day moving average, trading at $53.82, significantly above the average price of $42.08, indicating a potential trend reversal.
• Despite exceeding a reasonable trading range, Woori Bank's quarterly earnings reported lower than expected EPS of $2.63, missing analysts' estimates by over $3,500.
• Institutional investors have increased their stakes in Woori Bank during the second quarter, with several funds boosting their holdings by 2% to over 25%, reflecting growing confidence among large investors.

Woori Bank (NYSE:WF - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $42.08 and traded as high as $54.30. Woori Bank shares last traded at $53.82, with a volume of 32,191 shares changing hands.

Woori Bank Stock Performance

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 firm has a market cap of $13.32 billion, a price-to-earnings ratio of 6.78, a price-to-earnings-growth ratio of 0.98 and a beta of 1.08. The stock has a fifty day moving average price of $52.49 and a 200 day moving average price of $42.08.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Allworth Financial LP increased its holdings in shares of Woori Bank by 25.5% during the 2nd quarter. Allworth Financial LP now owns 1,171 shares of the bank's stock valued at $58,000 after acquiring an additional 238 shares during the last quarter. Bridgewater Advisors Inc. boosted its stake in Woori Bank by 2.1% during the 2nd quarter. Bridgewater Advisors Inc. now owns 12,225 shares of the bank's stock valued at $650,000 after purchasing an additional 246 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Woori Bank by 1.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 25,030 shares of the bank's stock valued at $836,000 after purchasing an additional 342 shares during the period. Franklin Resources Inc. boosted its stake in Woori Bank by 5.9% during the 2nd quarter. Franklin Resources Inc. now owns 6,507 shares of the bank's stock valued at $324,000 after purchasing an additional 362 shares during the period. Finally, BSW Wealth Partners boosted its stake in Woori Bank by 6.3% during the 2nd quarter. BSW Wealth Partners now owns 8,844 shares of the bank's stock valued at $440,000 after purchasing an additional 528 shares during the period. Institutional investors and hedge funds own 3.41% of the company's stock.

Woori Bank Company Profile

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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