Woori Bank (NYSE:WF) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Woori Bank (NYSE:WF) from a buy rating to a hold rating in a research report report published on Saturday.

Several other research analysts have also recently issued reports on WF. Zacks Research raised Woori Bank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. 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 given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Woori Bank Trading Down 2.6%

NYSE WF opened at $62.09 on Friday. Woori Bank has a 52 week low of $29.44 and a 52 week high of $65.25. The firm has a 50 day moving average of $58.23 and a two-hundred day moving average of $55.90. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.78. The stock 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 released its quarterly earnings data on Friday, November 14th. The bank reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $1.29. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Woori Bank had a net margin of 13.29% and a return on equity of 9.16%. As a group, research analysts expect that Woori Bank will post 8.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Woori Bank

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in shares of Woori Bank by 25.5% in the 2nd quarter. Allworth Financial LP now owns 1,171 shares of the bank’s stock valued at $58,000 after acquiring an additional 238 shares during the period. CWM LLC grew its position in Woori Bank by 8.1% during the 3rd quarter. CWM LLC now owns 3,230 shares of the bank’s stock worth $181,000 after purchasing an additional 243 shares during the last quarter. Bridgewater Advisors Inc. increased its stake in Woori Bank by 2.1% in the second quarter. Bridgewater Advisors Inc. now owns 12,225 shares of the bank’s stock valued at $650,000 after purchasing an additional 246 shares during the period. Aprio Wealth Management LLC raised its holdings in shares of Woori Bank by 2.3% in the third quarter. Aprio Wealth Management LLC now owns 11,678 shares of the bank’s stock valued at $656,000 after buying an additional 258 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Woori Bank by 0.7% during the third quarter. Signaturefd LLC now owns 43,497 shares of the bank’s stock worth $2,442,000 after buying an additional 285 shares during the period. 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.