Woori Bank (NYSE:WF – Get Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $74.56, but opened at $78.90. Woori Bank shares last traded at $78.7750, with a volume of 30,277 shares trading hands.
Wall Street Analysts Forecast Growth
WF has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Woori Bank in a report on Friday, September 4th. Zacks Research upgraded shares of Woori Bank from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on WF
Woori Bank Price Performance
Woori Bank (NYSE:WF – Get Free Report) last released its quarterly earnings data on Friday, July 24th. The bank reported $2.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.13). The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.98 billion. Woori Bank had a net margin of 13.28% and a return on equity of 8.18%. Analysts anticipate that Woori Bank will post 9 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new position in Woori Bank during the first quarter valued at approximately $26,000. Bessemer Group Inc. lifted its stake in shares of Woori Bank by 68.1% in the first quarter. Bessemer Group Inc. now owns 437 shares of the bank’s stock valued at $29,000 after buying an additional 177 shares during the period. Bell Investment Advisors Inc lifted its position in shares of Woori Bank by 34.2% in 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 Woori Bank in the fourth quarter worth $43,000. Finally, Smartleaf Asset Management LLC lifted its holdings 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 worth $48,000 after acquiring an additional 833 shares during the period. Institutional investors and hedge funds own 3.41% of the company’s stock.
Woori Bank Company Profile
Woori Bank is a commercial bank headquartered in Seoul, South Korea, and a principal banking subsidiary of Woori Financial Group. The institution traces its roots to Daehan Cheon-il Bank, established in 1899, and has developed into one of South Korea’s major banking organizations.
Woori Bank provides financial services to individual, business and institutional customers. Its offerings include deposit accounts, consumer and commercial lending, mortgages, credit cards, wealth management, foreign-exchange services, investment banking and other financial products.
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