Woori Bank (NYSE:WF) Shares Gap Down – Here’s Why

Woori Bank (NYSE:WF)’s share price gapped down prior to trading on Friday . The stock had previously closed at $77.36, but opened at $73.84. Woori Bank shares last traded at $74.1250, with a volume of 9,280 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WF. Weiss Ratings lowered shares of Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Zacks Research raised shares of Woori Bank from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Woori Bank Stock Performance

The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a 50 day moving average price of $66.77 and a two-hundred day moving average price of $67.06. The company has a market capitalization of $18.09 billion, a P/E ratio of 8.59, a price-to-earnings-growth ratio of 0.72 and a beta of 1.02.

Woori Bank (NYSE:WF) last posted its earnings results on Friday, July 24th. The bank reported $2.66 EPS for the quarter, missing the consensus estimate of $2.79 by ($0.13). Woori Bank had a return on equity of 8.18% and a net margin of 13.28%.The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.98 billion. On average, research analysts expect that Woori Bank will post 9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Woori Bank

Several large investors have recently made changes to their positions in the company. TD Private Client Wealth LLC grew its stake in Woori Bank by 14.6% during the fourth quarter. TD Private Client Wealth LLC now owns 1,262 shares of the bank’s stock worth $74,000 after buying an additional 161 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Woori Bank by 9.5% during 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 in the last quarter. Bell Investment Advisors Inc raised its stake 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 valued at $45,000 after acquiring an additional 172 shares during the last quarter. Bessemer Group Inc. raised 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 acquiring an additional 177 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Woori Bank by 12.4% in the 4th quarter. Allworth Financial LP now owns 1,693 shares of the bank’s stock worth $100,000 after acquiring an additional 187 shares in the last quarter. 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.