Woori Bank (NYSE:WF) Short Interest Update

Woori Bank (NYSE:WF) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 406,492 shares, a growth of 118.9% from the May 31st total of 185,668 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 195,230 shares, the days-to-cover ratio is currently 2.1 days.

Analysts Set New Price Targets

A number of analysts recently weighed in on WF shares. Weiss Ratings downgraded Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Zacks Research raised Woori Bank from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Wall Street Zen cut shares of Woori Bank from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Woori Bank has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its position in shares of Woori Bank by 17.2% in the 1st quarter. Parallel Advisors LLC now owns 16,613 shares of the bank’s stock worth $1,106,000 after buying an additional 2,441 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Woori Bank by 47.5% during the first quarter. Quantinno Capital Management LP now owns 198,920 shares of the bank’s stock valued at $13,248,000 after buying an additional 64,055 shares during the period. Compound Planning Inc. raised its holdings in shares of Woori Bank by 9.9% during the first quarter. Compound Planning Inc. now owns 8,983 shares of the bank’s stock valued at $598,000 after acquiring an additional 809 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Woori Bank by 88.2% during the first quarter. First Trust Advisors LP now owns 32,905 shares of the bank’s stock valued at $2,191,000 after acquiring an additional 15,417 shares in the last quarter. Finally, Barometer Capital Management Inc. purchased a new stake in Woori Bank in the first quarter worth $1,172,000. Institutional investors own 3.41% of the company’s stock.

Woori Bank Stock Performance

NYSE WF opened at $57.69 on Tuesday. The company has a 50-day simple moving average of $63.80 and a two-hundred day simple moving average of $65.09. Woori Bank has a 12-month low of $48.83 and a 12-month high of $84.71. The firm has a market cap of $14.12 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 0.53 and a beta of 1.01. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.87.

Woori Bank (NYSE:WF) last issued its earnings results on Friday, April 24th. The bank reported $1.59 EPS for the quarter, missing the consensus estimate of $2.60 by ($1.01). Woori Bank had a return on equity of 8.46% and a net margin of 13.34%.The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.99 billion. On average, equities analysts forecast that Woori Bank will post 9.1 EPS for the current year.

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.