Woori Bank (NYSE:WF) Cut to Hold at Wall Street Zen

Woori Bank (NYSE:WF) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities research analysts have also issued reports on the company. Zacks Research raised Woori Bank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Weiss Ratings reiterated 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 given a Hold rating to the company’s stock. According to MarketBeat, Woori Bank has a consensus rating of “Moderate Buy”.

Woori Bank Price Performance

Woori Bank stock opened at $62.09 on Friday. Woori Bank has a 12-month low of $29.44 and a 12-month high of $65.25. 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 moving average price of $58.23 and a 200-day moving average price of $55.91. The firm has a market capitalization of $15.19 billion, a PE ratio of 6.94, a price-to-earnings-growth ratio of 1.10 and a beta of 1.16.

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

Institutional Trading of Woori Bank

A number of hedge funds have recently bought and sold shares of WF. AQR Capital Management LLC grew its holdings in Woori Bank by 50.7% in the first quarter. AQR Capital Management LLC now owns 20,163 shares of the bank’s stock worth $673,000 after purchasing an additional 6,782 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Woori Bank by 67.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 52,170 shares of the bank’s stock worth $1,741,000 after purchasing an additional 21,016 shares in the last quarter. HB Wealth Management LLC purchased a new position in Woori Bank during the 2nd quarter worth $285,000. QRG Capital Management Inc. increased its position in Woori Bank by 18.1% during the 2nd quarter. QRG Capital Management Inc. now owns 11,865 shares of the bank’s stock valued at $590,000 after buying an additional 1,817 shares in the last quarter. Finally, US Bancorp DE raised its stake in Woori Bank by 9.1% in the second quarter. US Bancorp DE now owns 41,310 shares of the bank’s stock valued at $2,054,000 after buying an additional 3,446 shares during the last quarter. Hedge funds and other institutional investors own 3.41% of the company’s stock.

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.