Woori Bank (NYSE:WF) Upgraded by Wall Street Zen to “Buy” Rating

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

Several other equities analysts have also issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Woori Bank in a research note on Monday, December 29th. Zacks Research raised shares of Woori Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, Woori Bank has a consensus rating of “Strong Buy”.

Woori Bank Price Performance

Woori Bank stock opened at $80.68 on Friday. The company’s 50 day simple moving average is $61.21 and its 200-day simple moving average is $57.05. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.13. Woori Bank has a 1 year low of $29.44 and a 1 year high of $81.89. The company has a market capitalization of $19.74 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14.

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

Institutional Trading of Woori Bank

Hedge funds have recently added to or reduced their stakes in the company. HM Payson & Co. acquired a new position in Woori Bank during the 3rd quarter worth approximately $29,000. Kestra Advisory Services LLC acquired a new stake in shares of Woori Bank in the 4th quarter valued at $43,000. Smartleaf Asset Management LLC lifted its position in shares of Woori Bank by 551.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 984 shares of the bank’s stock worth $48,000 after purchasing an additional 833 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of Woori Bank by 51.9% during the second quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank’s stock worth $51,000 after purchasing an additional 356 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Woori Bank by 3,282.4% during the second quarter. Tower Research Capital LLC TRC now owns 1,150 shares of the bank’s stock worth $57,000 after purchasing an additional 1,116 shares in the last quarter. Institutional investors and hedge funds 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.