Woori Bank (NYSE:WF) Hits New 12-Month High – Should You Buy?

Shares of Woori Bank (NYSE:WF) reached a new 52-week high on Monday . The company traded as high as $70.71 and last traded at $72.1750, with a volume of 5358 shares trading hands. The stock had previously closed at $69.29.

Wall Street Analyst Weigh In

WF has been the subject of several recent analyst reports. Zacks Research upgraded Woori Bank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Woori Bank in a report on Monday, December 29th. Finally, 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 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, the company has an average rating of “Moderate Buy”.

Woori Bank Stock Performance

The business’s fifty day moving average is $59.37 and its two-hundred day moving average is $56.30. The company has a market capitalization of $17.67 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78.

Woori Bank (NYSE:WF) last released its quarterly earnings data on Friday, November 14th. The bank reported $3.57 EPS 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 business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.99 billion. Equities research analysts predict that Woori Bank will post 8.24 earnings per share for the current year.

Institutional Investors Weigh In On Woori Bank

A number of hedge funds have recently made changes to their positions in WF. AQR Capital Management LLC raised its holdings in shares of 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 buying an additional 6,782 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Woori Bank by 67.5% in the first quarter. Goldman Sachs Group Inc. now owns 52,170 shares of the bank’s stock valued at $1,741,000 after buying an additional 21,016 shares in the last quarter. US Bancorp DE raised its holdings in Woori Bank by 9.1% in the 2nd quarter. US Bancorp DE now owns 41,310 shares of the bank’s stock worth $2,054,000 after purchasing an additional 3,446 shares during the period. Blue Trust Inc. lifted its position in shares of Woori Bank by 30.4% during the 2nd quarter. Blue Trust Inc. now owns 11,549 shares of the bank’s stock valued at $574,000 after buying an additional 2,695 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Woori Bank by 28.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 100,704 shares of the bank’s stock valued at $5,008,000 after buying an additional 22,000 shares in the last quarter. 3.41% of the stock is currently owned by hedge funds and other institutional investors.

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.