Woori Bank (NYSE:WF) Raised to “Buy” at Wall Street Zen

Woori Bank (NYSE:WF) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Sunday.

Several other research firms also recently weighed in on WF. Weiss Ratings reissued a “buy (b)” rating on shares of Woori Bank in a research note on Monday, December 29th. Zacks Research raised shares of Woori Bank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. 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.com, Woori Bank has a consensus rating of “Moderate Buy”.

Woori Bank Stock Performance

NYSE WF opened at $57.27 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 stock’s 50 day simple moving average is $56.86 and its 200-day simple moving average is $55.36. The company has a market cap of $14.01 billion, a PE ratio of 6.41, a price-to-earnings-growth ratio of 0.99 and a beta of 1.16. Woori Bank has a 1-year low of $29.44 and a 1-year high of $60.48.

Woori Bank (NYSE:WF) last posted 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. Woori Bank had a return on equity of 9.16% and a net margin of 13.29%.The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.99 billion. As a group, equities research analysts anticipate that Woori Bank will post 8.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. HM Payson & Co. purchased a new position in shares of Woori Bank during the 3rd quarter worth approximately $29,000. Smartleaf Asset Management LLC raised its position in shares of Woori Bank by 551.7% in the 2nd 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. Osaic Holdings Inc. grew its holdings in shares of 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% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,150 shares of the bank’s stock valued at $57,000 after acquiring an additional 1,116 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Woori Bank by 25.5% during the second quarter. Allworth Financial LP now owns 1,171 shares of the bank’s stock worth $58,000 after purchasing an additional 238 shares in the last quarter. Institutional investors and hedge funds own 3.41% of the company’s stock.

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.