Wall Street Zen Downgrades Woori Bank (NYSE:WF) to Hold

Woori Bank (NYSE:WF) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other analysts have also recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woori Bank in a report on Monday, December 29th. Zacks Research raised Woori Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Woori Bank Stock Down 0.5%

WF opened at $65.72 on Friday. The firm has a market capitalization of $16.08 billion, a P/E ratio of 7.58, a price-to-earnings-growth ratio of 0.67 and a beta of 1.13. Woori Bank has a one year low of $29.44 and a one year high of $84.71. The company has a fifty day moving average price of $70.14 and a 200-day moving average price of $61.20. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.10 and a quick ratio of 1.13.

Woori Bank (NYSE:WF) last issued its quarterly earnings data on Wednesday, March 4th. The bank reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.04). The business had revenue of $367.58 million during the quarter, compared to analysts’ expectations of $1.84 billion. Woori Bank had a return on equity of 8.74% and a net margin of 13.49%. Equities research analysts expect that Woori Bank will post 8.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. raised its position in Woori Bank by 37.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,084 shares of the bank’s stock valued at $64,000 after purchasing an additional 296 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Woori Bank by 2.0% in the 4th quarter. Corient Private Wealth LLC now owns 21,300 shares of the bank’s stock worth $1,252,000 after purchasing an additional 412 shares in the last quarter. Compound Planning Inc. boosted its holdings in shares of Woori Bank by 5.0% in the 4th quarter. Compound Planning Inc. now owns 8,174 shares of the bank’s stock worth $481,000 after purchasing an additional 392 shares in the last quarter. Summit Global Investments bought a new position in shares of Woori Bank during the 4th quarter valued at about $270,000. Finally, Millennium Management LLC bought a new position in shares of Woori Bank during the 4th quarter valued at about $3,954,000. 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.