Woori Bank (NYSE:WF) Stock Price Crosses Above 200 Day Moving Average - Here's Why

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.

Woori Bank (NYSE:WF - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Woori Bank Stock Up 1.1%

The firm's 50 day moving average is $50.02 and its two-hundred day moving average is $40.16. The firm has a market cap of $13.53 billion, a P/E ratio of 6.88, a price-to-earnings-growth ratio of 0.97 and a beta of 1.08. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.86.

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

Institutional Trading of Woori Bank

Several hedge funds have recently bought and sold shares of WF. LPL Financial LLC raised its holdings in Woori Bank by 8.6% during the 4th quarter. LPL Financial LLC now owns 13,346 shares of the bank's stock worth $417,000 after buying an additional 1,055 shares during the period. JPMorgan Chase & Co. raised its holdings in Woori Bank by 1,830.4% during the 4th quarter. JPMorgan Chase & Co. now owns 43,724 shares of the bank's stock worth $1,366,000 after buying an additional 41,459 shares during the period. Invesco Ltd. raised its holdings in Woori Bank by 2.4% during the 4th quarter. Invesco Ltd. now owns 40,936 shares of the bank's stock worth $1,279,000 after buying an additional 950 shares during the period. Marshall Wace LLP raised its holdings in Woori Bank by 4.5% during the 4th quarter. Marshall Wace LLP now owns 91,806 shares of the bank's stock worth $2,869,000 after buying an additional 3,968 shares during the period. Finally, First Trust Advisors LP acquired a new stake in shares of Woori Bank in the fourth quarter valued at approximately $779,000. 3.41% of the stock is currently owned by institutional investors and hedge funds.

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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