Woori Bank (NYSE:WF) Shares Gap Up – Here’s What Happened

Woori Bank (NYSE:WF) 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 traded.

Analysts Set New Price Targets

Several research firms have weighed in on WF. Weiss Ratings reiterated a “buy (b-)” rating on shares of Woori Bank in a research note on Friday, September 4th. Zacks Research raised shares of Woori Bank from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Woori Bank has an average rating of “Moderate Buy”.

Woori Bank Price Performance

The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $19.02 billion, a P/E ratio of 9.03, a PEG ratio of 0.70 and a beta of 1.02. The business has a 50 day simple moving average of $68.50 and a 200-day simple moving average of $66.84.

Woori Bank (NYSE:WF) last released its quarterly 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 firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.98 billion. Analysts predict that Woori Bank will post 9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WF. V Square Quantitative Management LLC acquired a new stake in Woori Bank in the 1st quarter valued at approximately $26,000. Bessemer Group Inc. lifted its stake 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 purchasing an additional 177 shares during the last quarter. Bell Investment Advisors Inc lifted its position in shares of Woori Bank by 34.2% during the 1st 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. Kestra Advisory Services LLC acquired a new position in shares of Woori Bank in the 4th quarter valued at $43,000. Finally, Smartleaf Asset Management LLC boosted its holdings 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 buying an additional 833 shares during the period. Institutional investors 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.