Woori Bank (NYSE:WF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Woori Bank (NYSE:WF) from a hold rating to a buy rating in a research note published on Sunday.

WF has been the subject of several other reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Woori Bank in a research report on Monday, December 29th. Zacks Research raised Woori Bank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Woori Bank Price Performance

Shares of WF stock opened at $57.99 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $14.19 billion, a PE ratio of 6.49, a price-to-earnings-growth ratio of 0.99 and a beta of 1.16. The firm’s 50-day moving average is $56.98 and its two-hundred day moving average is $55.49. Woori Bank has a 12 month low of $29.44 and a 12 month high of $60.48.

Woori Bank (NYSE:WF) last posted its quarterly earnings results on Friday, November 14th. The bank reported $3.57 earnings per share for the quarter, beating the consensus estimate of $2.28 by $1.29. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Woori Bank had a net margin of 13.29% and a return on equity of 9.16%. Analysts predict that Woori Bank will post 8.24 earnings per share for the current year.

Hedge Funds Weigh In On Woori Bank

Institutional investors and hedge funds have recently modified their holdings of the company. HM Payson & Co. purchased a new stake in Woori Bank during the third quarter valued at about $29,000. Smartleaf Asset Management LLC lifted its position in Woori Bank by 551.7% during the second quarter. Smartleaf Asset Management LLC now owns 984 shares of the bank’s stock valued at $48,000 after buying an additional 833 shares in the last quarter. Osaic Holdings Inc. lifted its position 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 in the last quarter. Tower Research Capital LLC TRC grew its stake in Woori Bank by 3,282.4% during the second quarter. Tower Research Capital LLC TRC now owns 1,150 shares of the bank’s stock worth $57,000 after buying an additional 1,116 shares during the period. Finally, Allworth Financial LP increased its position in shares of Woori Bank by 25.5% in the second quarter. Allworth Financial LP now owns 1,171 shares of the bank’s stock worth $58,000 after acquiring an additional 238 shares in the last quarter. Hedge funds and other 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.