Woori Bank (NYSE:WF) Short Interest Down 27.0% in December

Woori Bank (NYSE:WF) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 72,156 shares, a decline of 27.0% from the December 15th total of 98,826 shares. Based on an average daily trading volume, of 46,659 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 46,659 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Investors Weigh In On Woori Bank

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WF. Frank Rimerman Advisors LLC grew its holdings in Woori Bank by 46.2% in the 4th quarter. Frank Rimerman Advisors LLC now owns 15,973 shares of the bank’s stock worth $939,000 after acquiring an additional 5,047 shares during the last quarter. Tuttle Capital Management LLC purchased a new stake in shares of Woori Bank during the fourth quarter worth about $327,000. Allworth Financial LP grew its stake in shares of Woori Bank by 28.6% in the third quarter. Allworth Financial LP now owns 1,506 shares of the bank’s stock worth $85,000 after purchasing an additional 335 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in Woori Bank by 90.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 19,755 shares of the bank’s stock valued at $1,109,000 after purchasing an additional 9,382 shares during the period. Finally, Verition Fund Management LLC purchased a new position in Woori Bank during the 3rd quarter valued at about $404,000. 3.41% of the stock is currently owned by institutional investors.

Woori Bank Trading Down 0.8%

Woori Bank stock traded down $0.47 during mid-day trading on Friday, hitting $57.27. The company’s stock had a trading volume of 60,301 shares, compared to its average volume of 47,118. The business has a 50 day moving average price of $56.86 and a 200-day moving average price of $55.36. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.13 and a quick ratio of 1.13. Woori Bank has a 12 month low of $29.44 and a 12 month high of $60.48. The stock has a market cap of $14.01 billion, a price-to-earnings ratio of 6.41, a price-to-earnings-growth ratio of 0.99 and a beta of 1.16.

Woori Bank (NYSE:WF) last released its quarterly earnings data on Friday, November 14th. The bank reported $3.57 EPS for the quarter, topping the consensus estimate of $2.28 by $1.29. Woori Bank had a return on equity of 9.16% and a net margin of 13.29%.The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.99 billion. As a group, analysts forecast that Woori Bank will post 8.24 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Zacks Research raised Woori Bank from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Wall Street Zen lowered shares of Woori Bank from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Woori Bank in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Woori Bank presently has a consensus rating of “Moderate Buy”.

Woori Bank Company Profile

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.