Woori Bank (NYSE:WF) Sets New 52-Week High – What’s Next?

Shares of Woori Bank (NYSE:WF) reached a new 52-week high during trading on Friday . The stock traded as high as $82.94 and last traded at $83.0540, with a volume of 38614 shares changing hands. The stock had previously closed at $80.37.

Analyst Ratings Changes

A number of analysts have recently weighed in on WF shares. Zacks Research raised shares of Woori Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Weiss Ratings restated a “buy (b)” rating on shares of Woori Bank in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Woori Bank from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Woori Bank Stock Performance

The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $20.67 billion, a P/E ratio of 9.45, a P/E/G ratio of 0.89 and a beta of 1.14. The company’s 50 day moving average is $63.62 and its 200 day moving average is $58.07.

Hedge Funds Weigh In On Woori Bank

Several large investors have recently bought and sold shares of the company. Compound Planning Inc. grew its holdings in shares of Woori Bank by 5.0% during the fourth quarter. Compound Planning Inc. now owns 8,174 shares of the bank’s stock worth $481,000 after purchasing an additional 392 shares during the last quarter. Corient Private Wealth LLC boosted its position in Woori Bank by 2.0% during the 4th quarter. Corient Private Wealth LLC now owns 21,300 shares of the bank’s stock worth $1,249,000 after buying an additional 412 shares during the period. Summit Global Investments acquired a new stake in Woori Bank during the 4th quarter worth approximately $270,000. Millennium Management LLC bought a new stake in Woori Bank during the 4th quarter worth approximately $3,954,000. Finally, Guggenheim Capital LLC increased its position in Woori Bank by 25.9% in the 4th quarter. Guggenheim Capital LLC now owns 16,951 shares of the bank’s stock valued at $997,000 after acquiring an additional 3,488 shares during the period. 3.41% of the stock is currently owned by institutional investors.

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.