Woori Bank (NYSE:WF) Shares Gap Down – Should You Sell?

Woori Bank (NYSE:WF) 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WF shares. Zacks Research downgraded shares of Woori Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded shares of Woori Bank from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Woori Bank has an average rating of “Hold”.

Woori Bank Stock Performance

The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average price of $66.18 and a 200-day moving average price of $64.55. The firm has a market capitalization of $14.32 billion, a price-to-earnings ratio of 6.77, a P/E/G ratio of 0.57 and a beta of 1.01.

Woori Bank (NYSE:WF) last issued its quarterly earnings data on Friday, April 24th. The bank reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.60 by ($1.01). The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.99 billion. Woori Bank had a return on equity of 8.46% and a net margin of 13.34%. As a group, equities research analysts forecast that Woori Bank will post 9.1 earnings per share for the current year.

Institutional Investors Weigh In On Woori Bank

A number of institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its position in Woori Bank by 17.2% in the first quarter. Parallel Advisors LLC now owns 16,613 shares of the bank’s stock worth $1,106,000 after purchasing an additional 2,441 shares during the period. Quantinno Capital Management LP lifted its position in Woori Bank by 47.5% in the first quarter. Quantinno Capital Management LP now owns 198,920 shares of the bank’s stock worth $13,248,000 after purchasing an additional 64,055 shares during the period. Compound Planning Inc. lifted its position in Woori Bank by 9.9% in the first quarter. Compound Planning Inc. now owns 8,983 shares of the bank’s stock worth $598,000 after purchasing an additional 809 shares during the period. First Trust Advisors LP lifted its position in Woori Bank by 88.2% in the first quarter. First Trust Advisors LP now owns 32,905 shares of the bank’s stock worth $2,191,000 after purchasing an additional 15,417 shares during the period. Finally, Barometer Capital Management Inc. acquired a new stake in Woori Bank in the first quarter worth approximately $1,172,000. 3.41% of the stock is currently owned by institutional investors and hedge funds.

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.