Woori Bank (NYSE:WF) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Woori Bank (NYSE:WF) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning,Zacks.com reports.

A number of other equities research analysts have also weighed in on the company. Wall Street Zen lowered Woori Bank from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings restated a “buy (b)” rating on shares of Woori Bank in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Woori Bank presently has an average rating of “Moderate Buy”.

Woori Bank Price Performance

Shares of NYSE WF opened at $70.37 on Wednesday. Woori Bank has a 1-year low of $32.50 and a 1-year high of $84.71. The business has a 50-day moving average of $70.62 and a 200-day moving average of $61.52. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.10 and a quick ratio of 1.13. The company has a market capitalization of $17.22 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.70 and a beta of 1.13.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WF. HM Payson & Co. acquired a new position in shares of Woori Bank during the 3rd quarter valued at $29,000. Kestra Advisory Services LLC acquired a new position in shares of Woori Bank in the 4th quarter worth $43,000. Smartleaf Asset Management LLC grew its holdings 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 acquiring an additional 833 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of Woori Bank by 51.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank’s stock worth $51,000 after acquiring an additional 356 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Woori Bank by 37.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,084 shares of the bank’s stock worth $64,000 after buying an additional 296 shares during the period. 3.41% of the stock is owned by institutional investors and hedge funds.

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.