Woori Bank (NYSE:WF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Woori Bank (NYSE:WF) from a hold rating to a buy rating in a research note released on Saturday morning.

A number of other equities analysts have also recently commented on the stock. Zacks Research raised shares of Woori Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Woori Bank in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Woori Bank Price Performance

NYSE:WF opened at $80.68 on Friday. Woori Bank has a 52-week low of $29.44 and a 52-week high of $81.89. The stock has a fifty day moving average of $61.68 and a 200 day moving average of $57.30. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $19.74 billion, a price-to-earnings ratio of 9.02, a P/E/G ratio of 0.85 and a beta of 1.14.

Woori Bank (NYSE:WF) last released its quarterly 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 return on equity of 9.16% and a net margin of 13.29%.The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.99 billion. On average, research analysts expect that Woori Bank will post 8.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Woori Bank

A number of institutional investors have recently bought and sold shares of WF. Morgan Stanley lifted its position in shares of Woori Bank by 4.6% in the fourth quarter. Morgan Stanley now owns 1,399,904 shares of the bank’s stock valued at $82,300,000 after acquiring an additional 61,178 shares in the last quarter. Creative Planning lifted its holdings in Woori Bank by 14.2% in the 3rd quarter. Creative Planning now owns 298,934 shares of the bank’s stock worth $16,785,000 after purchasing an additional 37,123 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Woori Bank by 0.8% in the 2nd quarter. Acadian Asset Management LLC now owns 128,924 shares of the bank’s stock worth $6,407,000 after purchasing an additional 1,083 shares in the last quarter. Ethic Inc. boosted its stake in Woori Bank by 9.1% in the 4th quarter. Ethic Inc. now owns 124,767 shares of the bank’s stock worth $7,335,000 after purchasing an additional 10,457 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Woori Bank by 9.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 118,596 shares of the bank’s stock valued at $6,972,000 after buying an additional 10,115 shares in the last quarter. Hedge funds and other institutional investors own 3.41% of the company’s stock.

About Woori Bank

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.