Woori Bank (NYSE:WF) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Woori Bank (NYSE:WF)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $54.02 and traded as high as $59.86. Woori Bank shares last traded at $61.14, with a volume of 21,822 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have weighed in on WF shares. Zacks Research upgraded shares of Woori Bank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Wall Street Zen upgraded shares of Woori Bank from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Woori Bank in a report on Monday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Woori Bank Stock Up 5.7%

The firm’s fifty day simple moving average is $55.63 and its two-hundred day simple moving average is $54.02. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $14.96 billion, a price-to-earnings ratio of 6.84, a price-to-earnings-growth ratio of 1.07 and a beta of 1.17.

Woori Bank (NYSE:WF) last announced its quarterly earnings results on Friday, November 14th. The bank reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. Sell-side analysts anticipate that Woori Bank will post 8.24 EPS for the current year.

Institutional Trading of Woori Bank

A number of hedge funds and other institutional investors have recently modified their holdings of WF. Allworth Financial LP boosted its stake in Woori Bank by 25.5% during the second quarter. Allworth Financial LP now owns 1,171 shares of the bank’s stock worth $58,000 after buying an additional 238 shares during the period. CWM LLC boosted its position in shares of 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 period. Bridgewater Advisors Inc. increased its holdings in Woori Bank by 2.1% in the 2nd 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 last quarter. Aprio Wealth Management LLC raised its position in 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 purchasing an additional 258 shares during the period. Finally, Signaturefd LLC lifted its stake in 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 purchasing an additional 285 shares in the last quarter. 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.