Wall Street Zen Downgrades Woori Bank (NYSE:WF) to Hold

Woori Bank (NYSE:WF) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Other equities research analysts also recently issued reports about the company. Zacks Research upgraded Woori Bank from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Woori Bank in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Woori Bank Stock Performance

Shares of WF stock opened at $62.09 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78. The company has a market cap of $15.19 billion, a PE ratio of 6.94, a P/E/G ratio of 1.07 and a beta of 1.14. The company’s fifty day simple moving average is $58.23 and its 200-day simple moving average is $55.91. Woori Bank has a 52 week low of $29.44 and a 52 week high of $65.25.

Woori Bank (NYSE:WF) last released its quarterly earnings data on Friday, November 14th. The bank reported $3.57 EPS for the quarter, beating the consensus estimate of $2.28 by $1.29. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.99 billion. Woori Bank had a return on equity of 9.16% and a net margin of 13.29%. As a group, equities research analysts anticipate that Woori Bank will post 8.24 EPS for the current year.

Institutional Trading of Woori Bank

Several hedge funds and other institutional investors have recently bought and sold shares of WF. Creative Planning raised its stake in Woori Bank by 14.2% during the third quarter. Creative Planning now owns 298,934 shares of the bank’s stock worth $16,785,000 after acquiring an additional 37,123 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Woori Bank by 0.8% in the second quarter. Acadian Asset Management LLC now owns 128,924 shares of the bank’s stock valued at $6,407,000 after acquiring an additional 1,083 shares during the last quarter. Vident Advisory LLC grew its position in shares of Woori Bank by 2.1% during the 2nd quarter. Vident Advisory LLC now owns 117,759 shares of the bank’s stock worth $5,856,000 after buying an additional 2,394 shares during the period. Bank of America Corp DE boosted its position in shares of Woori Bank by 18.9% in the 3rd quarter. Bank of America Corp DE now owns 116,746 shares of the bank’s stock worth $6,555,000 after purchasing an additional 18,537 shares during the last quarter. Finally, Ethic Inc. boosted its holdings in Woori Bank by 8.9% during the third quarter. Ethic Inc. now owns 114,310 shares of the bank’s stock worth $6,418,000 after buying an additional 9,298 shares during the last quarter. 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.