Woori Bank (WF) Projected to Announce Quarterly Earnings on Friday

Woori Bank (NYSE:WF) is projected to issue its results before the market opens on Friday, July 24th. Analysts expect the company to announce earnings of $2.40 per share and revenue of $1.9668 billion for the quarter.

Woori Bank (NYSE:WF) last announced its quarterly earnings data on Friday, April 24th. The bank reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.60 by ($1.01). The business 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%. On average, analysts expect Woori Bank to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Woori Bank Stock Up 0.1%

Shares of NYSE:WF opened at $63.42 on Friday. The stock has a fifty day simple moving average of $61.58 and a two-hundred day simple moving average of $65.43. The stock has a market capitalization of $15.39 billion, a price-to-earnings ratio of 7.33, a PEG ratio of 0.69 and a beta of 1.02. Woori Bank has a 12-month low of $48.83 and a 12-month high of $84.71. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.87.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Woori Bank from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings downgraded shares of Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Finally, Zacks Research upgraded shares of Woori Bank from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Woori Bank currently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On Woori Bank

Institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its holdings in shares of Woori Bank by 9.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,914 shares of the bank’s stock worth $113,000 after buying an additional 166 shares during the last quarter. Calydon Capital grew its position in Woori Bank by 8.3% during the fourth quarter. Calydon Capital now owns 3,953 shares of the bank’s stock valued at $232,000 after buying an additional 304 shares during the period. Osaic Holdings Inc. increased its holdings in Woori Bank by 51.9% during the second quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank’s stock valued at $51,000 after buying an additional 356 shares during the last quarter. Compound Planning Inc. increased its holdings in Woori Bank by 5.0% during the fourth quarter. Compound Planning Inc. now owns 8,174 shares of the bank’s stock valued at $481,000 after buying an additional 392 shares during the last quarter. Finally, Corient Private Wealth LLC raised its position in Woori Bank by 2.0% in the fourth quarter. Corient Private Wealth LLC now owns 21,300 shares of the bank’s stock worth $1,249,000 after acquiring an additional 412 shares during the period. Institutional investors own 3.41% of the company’s stock.

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.