Woori Bank (NYSE:WF) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Woori Bank (NYSE:WF) from a strong-buy rating to a buy rating in a research report sent to investors on Sunday.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Woori Bank in a research report on Monday, December 29th. Zacks Research raised Woori Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, Woori Bank has a consensus rating of “Strong Buy”.

Woori Bank Trading Down 1.4%

NYSE:WF opened at $67.33 on Friday. The company has a market cap of $16.47 billion, a P/E ratio of 7.77, a price-to-earnings-growth ratio of 0.69 and a beta of 1.10. Woori Bank has a twelve month low of $29.44 and a twelve month high of $84.71. The business has a 50 day moving average price of $67.40 and a two-hundred day moving average price of $59.75. The company has a quick ratio of 1.13, a current ratio of 1.10 and a debt-to-equity ratio of 0.90.

Woori Bank (NYSE:WF) last posted 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). Woori Bank had a net margin of 13.49% and a return on equity of 8.74%. The business had revenue of $367.58 million during the quarter, compared to analyst estimates of $1.84 billion. As a group, 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 and hedge funds have recently modified their holdings of WF. HM Payson & Co. bought a new position in Woori Bank during the third quarter worth about $29,000. Kestra Advisory Services LLC acquired a new stake in shares of Woori Bank in the fourth quarter valued at approximately $43,000. Smartleaf Asset Management LLC lifted its position in shares of Woori Bank by 551.7% in the second quarter. Smartleaf Asset Management LLC now owns 984 shares of the bank’s stock valued at $48,000 after buying an additional 833 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Woori Bank by 51.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank’s stock worth $51,000 after acquiring an additional 356 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Woori Bank by 3,282.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,150 shares of the bank’s stock worth $57,000 after acquiring an additional 1,116 shares during the last quarter. 3.41% of the stock is owned by institutional investors.

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.