Woori Bank (NYSE:WF) Upgraded at Zacks Research

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

Several other research firms also recently weighed in on WF. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woori Bank in a report on Monday, December 29th. Wall Street Zen downgraded shares of Woori Bank from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Woori Bank Stock Up 2.0%

WF opened at $80.68 on Wednesday. The stock’s 50 day moving average price is $61.21 and its 200 day moving average price is $57.05. 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 has a market cap of $19.74 billion, a P/E ratio of 9.02, a P/E/G ratio of 0.84 and a beta of 1.14. Woori Bank has a 12 month low of $29.44 and a 12 month high of $81.89.

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

Hedge Funds Weigh In On Woori Bank

Several large investors have recently made changes to their positions in WF. HM Payson & Co. bought a new stake in shares of Woori Bank in the 3rd quarter worth approximately $29,000. Kestra Advisory Services LLC acquired a new position in Woori Bank in the fourth quarter worth approximately $43,000. Smartleaf Asset Management LLC grew its position in Woori Bank by 551.7% in the second 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 last quarter. Osaic Holdings Inc. increased its holdings in shares of Woori Bank by 51.9% in the second quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank’s stock valued at $51,000 after buying an additional 356 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Woori Bank by 3,282.4% during 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 last quarter. 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.