Shares of Woori Bank (NYSE:WF – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $60.57, but opened at $58.54. Woori Bank shares last traded at $57.9940, with a volume of 72,068 shares trading hands.
Analyst Ratings Changes
A number of brokerages recently commented on WF. Zacks Research lowered Woori Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Wall Street Zen lowered shares of Woori Bank from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Weiss Ratings downgraded shares of Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on WF
Woori Bank Price Performance
Woori Bank (NYSE:WF – Get Free Report) last issued its earnings results on Friday, April 24th. The bank reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $2.60 by ($1.01). The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Woori Bank had a return on equity of 8.46% and a net margin of 13.34%. Sell-side analysts expect that Woori Bank will post 9.1 earnings per share for the current year.
Institutional Investors Weigh In On Woori Bank
Hedge funds and other institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of Woori Bank in the 1st quarter valued at $26,000. Bessemer Group Inc. grew its position in Woori Bank by 68.1% during 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. Kestra Advisory Services LLC purchased a new position in Woori Bank in the fourth quarter valued at $43,000. Bell Investment Advisors Inc raised its position in shares of Woori Bank by 34.2% in the first 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. Finally, Smartleaf Asset Management LLC raised its position in shares of Woori Bank by 551.7% in the second 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.
About Woori Bank
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.
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