Woori Bank (NYSE:WF) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• Woori Bank's share price recently surpassed its 200-day moving average of $40.16, reaching a high of $54.72 during trading.
• The bank reported a quarterly earnings miss with $2.63 EPS, falling short of the consensus estimate of $3,574.37.
• Institutional investors increased their stakes in Woori Bank, notably with JPMorgan Chase raising its holdings by 1,830.4% during the last quarter.

Shares of Woori Bank (NYSE:WF - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $40.16 and traded as high as $54.72. Woori Bank shares last traded at $54.66, with a volume of 42,511 shares traded.

Woori Bank Stock Up 1.8%

The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.86. The stock has a market cap of $13.59 billion, a P/E ratio of 6.92, a PEG ratio of 0.98 and a beta of 1.08. The firm has a 50-day simple moving average of $50.53 and a two-hundred day simple moving average of $40.56.

Woori Bank (NYSE:WF - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The bank reported $2.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3,574.37 by ($3,571.74). The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2,790.97 billion. Woori Bank had a return on equity of 8.31% and a net margin of 11.84%. Equities research analysts expect that Woori Bank will post 8.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Woori Bank

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in Woori Bank by 3,000.5% in the first quarter. GAMMA Investing LLC now owns 81,481 shares of the bank's stock valued at $2,720,000 after buying an additional 78,853 shares in the last quarter. Creative Planning boosted its position in Woori Bank by 25.8% in the second quarter. Creative Planning now owns 261,811 shares of the bank's stock valued at $13,020,000 after buying an additional 53,743 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Woori Bank by 1,830.4% in the fourth quarter. JPMorgan Chase & Co. now owns 43,724 shares of the bank's stock valued at $1,366,000 after buying an additional 41,459 shares in the last quarter. Cerity Partners LLC increased its holdings in Woori Bank by 68.0% in the 1st quarter. Cerity Partners LLC now owns 68,203 shares of the bank's stock worth $2,277,000 after purchasing an additional 27,616 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in Woori Bank in the 4th quarter worth about $779,000. 3.41% of the stock is currently owned by institutional investors.

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.