Woori Bank (NYSE:WF) Lowered to Buy Rating by Wall Street Zen

Woori Bank (NYSE:WF) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Sunday.

Several other brokerages have also issued reports on WF. Zacks Research raised Woori Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Woori Bank in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Woori Bank Stock Down 3.3%

Shares of WF stock opened at $66.15 on Friday. The firm’s fifty day moving average price is $67.04 and its two-hundred day moving average price is $59.51. The firm has a market capitalization of $16.19 billion, a P/E ratio of 7.63, a PEG ratio of 0.67 and a beta of 1.10. Woori Bank has a 1 year low of $29.44 and a 1 year high of $84.71. The company has a current ratio of 1.10, a quick ratio of 1.13 and a debt-to-equity ratio of 0.90.

Woori Bank (NYSE:WF) last issued its quarterly earnings results on Wednesday, March 4th. The bank reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.04). Woori Bank had a return on equity of 8.74% and a net margin of 13.49%.The business had revenue of $367.58 million for the quarter, compared to analyst estimates of $1.84 billion. On average, equities analysts predict that Woori Bank will post 8.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Woori Bank

Several large investors have recently modified their holdings of WF. Morgan Stanley lifted its holdings in Woori Bank by 4.6% in the fourth quarter. Morgan Stanley now owns 1,399,904 shares of the bank’s stock valued at $82,300,000 after buying an additional 61,178 shares during the period. Creative Planning grew its holdings in Woori Bank by 14.2% during the 3rd quarter. Creative Planning now owns 298,934 shares of the bank’s stock worth $16,785,000 after acquiring an additional 37,123 shares during the period. Acadian Asset Management LLC grew its holdings in Woori Bank by 0.8% during the 2nd quarter. Acadian Asset Management LLC now owns 128,924 shares of the bank’s stock worth $6,407,000 after acquiring an additional 1,083 shares during the period. Ethic Inc. raised its position in shares of Woori Bank by 9.1% in the 4th quarter. Ethic Inc. now owns 124,767 shares of the bank’s stock worth $7,335,000 after acquiring an additional 10,457 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Woori Bank by 9.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 118,596 shares of the bank’s stock worth $6,972,000 after acquiring an additional 10,115 shares in the last quarter. 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.