Woori Bank (NYSE:WF) Stock Rating Upgraded by Zacks Research

Woori Bank (NYSE:WF) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other analysts have also recently commented on WF. Weiss Ratings cut shares of Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Wall Street Zen lowered shares of Woori Bank from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Woori Bank Trading Down 2.6%

Shares of NYSE:WF opened at $57.81 on Tuesday. The business’s 50-day moving average is $64.70 and its 200 day moving average is $65.10. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.14 and a quick ratio of 1.14. Woori Bank has a 1 year low of $48.51 and a 1 year high of $84.71. The firm has a market capitalization of $14.15 billion, a P/E ratio of 6.68, a P/E/G ratio of 0.56 and a beta of 1.01.

Woori Bank (NYSE:WF) last issued its quarterly earnings results on Friday, April 24th. The bank reported $1.59 earnings per share for the quarter, missing the consensus estimate of $2.60 by ($1.01). Woori Bank had a return on equity of 8.46% and a net margin of 13.34%.The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.99 billion. On average, research analysts predict that Woori Bank will post 9.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in Woori Bank by 242.5% in the third quarter. Envestnet Asset Management Inc. now owns 27,892 shares of the bank’s stock valued at $1,566,000 after buying an additional 19,749 shares during the last quarter. Capital International Investors purchased a new position in Woori Bank during the 3rd quarter worth approximately $2,997,000. Assetmark Inc. raised its position in Woori Bank by 89.0% during the 4th quarter. Assetmark Inc. now owns 67,850 shares of the bank’s stock worth $3,989,000 after buying an additional 31,952 shares during the last quarter. Barometer Capital Management Inc. acquired a new stake in Woori Bank during the 3rd quarter valued at approximately $696,000. Finally, B. Metzler seel. Sohn & Co. AG lifted its stake in Woori Bank by 100.1% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 89,881 shares of the bank’s stock valued at $5,284,000 after acquiring an additional 44,974 shares during the period. 3.41% of the stock is owned by institutional investors and hedge funds.

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.