Woori Bank (NYSE:WF) Raised to “Hold” at Zacks Research

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

Several other brokerages have also recently weighed in on WF. Weiss Ratings cut shares of Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Wall Street Zen downgraded shares of Woori Bank from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Woori Bank Stock Performance

WF stock opened at $57.81 on Tuesday. Woori Bank has a 1-year low of $48.51 and a 1-year high of $84.71. The business has a 50-day moving average price of $64.70 and a 200 day moving average price of $65.10. The company has a market capitalization of $14.15 billion, a P/E ratio of 6.68, a PEG ratio of 0.56 and a beta of 1.01. 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 (NYSE:WF) last issued its earnings results on Friday, April 24th. The bank reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.60 by ($1.01). The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.99 billion. Woori Bank had a return on equity of 8.46% and a net margin of 13.34%. As a group, equities research analysts forecast that Woori Bank will post 9.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Woori Bank

A number of large investors have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its holdings in shares of Woori Bank by 14.6% in the 4th quarter. TD Private Client Wealth LLC now owns 1,262 shares of the bank’s stock valued at $74,000 after buying an additional 161 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Woori Bank by 9.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,914 shares of the bank’s stock worth $113,000 after acquiring an additional 166 shares in the last quarter. Bell Investment Advisors Inc lifted its position in Woori Bank by 34.2% during the first quarter. Bell Investment Advisors Inc now owns 675 shares of the bank’s stock valued at $45,000 after acquiring an additional 172 shares during the last quarter. Bessemer Group Inc. lifted its position in Woori Bank by 68.1% during the first quarter. Bessemer Group Inc. now owns 437 shares of the bank’s stock valued at $29,000 after acquiring an additional 177 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Woori Bank by 12.4% in the fourth quarter. Allworth Financial LP now owns 1,693 shares of the bank’s stock valued at $100,000 after acquiring an additional 187 shares in the last quarter. 3.41% of the stock is currently owned by 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.