Woori Bank (NYSE:WF) Sets New 1-Year High – Here’s What Happened

Shares of Woori Bank (NYSE:WF) reached a new 52-week high on Friday . The stock traded as high as $59.90 and last traded at $59.8780, with a volume of 38075 shares traded. The stock had previously closed at $59.67.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Woori Bank in a research report on Monday, December 22nd. Wall Street Zen raised shares of Woori Bank from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, Zacks Research upgraded shares of Woori Bank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Woori Bank currently has a consensus rating of “Moderate Buy”.

Woori Bank Stock Up 0.3%

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 firm has a 50 day simple moving average of $55.75 and a two-hundred day simple moving average of $54.19. The company has a market capitalization of $14.65 billion, a PE ratio of 6.70, a P/E/G ratio of 1.07 and a beta of 1.17.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. HM Payson & Co. purchased a new position in Woori Bank during the third quarter worth about $29,000. Smartleaf Asset Management LLC increased its position in Woori Bank by 551.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 984 shares of the bank’s stock worth $48,000 after purchasing an additional 833 shares during the period. Osaic Holdings Inc. increased its position in Woori Bank by 51.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank’s stock worth $51,000 after purchasing an additional 356 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Woori Bank by 3,282.4% during the 2nd 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 in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Woori Bank by 25.5% in the 2nd quarter. Allworth Financial LP now owns 1,171 shares of the bank’s stock valued at $58,000 after buying an additional 238 shares during the period. 3.41% of the stock is currently owned by institutional investors and hedge funds.

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.