Woori Bank (NYSE:WF) Sets New 12-Month High – Here’s Why

Shares of Woori Bank (NYSE:WF) reached a new 52-week high on Monday . The company traded as high as $60.48 and last traded at $59.2560, with a volume of 9323 shares traded. The stock had previously closed at $59.22.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WF shares. Zacks Research raised Woori Bank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Wall Street Zen upgraded shares of Woori Bank from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woori Bank in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Woori Bank Stock Performance

The company has a debt-to-equity ratio of 0.78, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50 day moving average price of $56.19 and a 200 day moving average price of $54.73. The stock has a market capitalization of $14.49 billion, a PE ratio of 6.65, a PEG ratio of 1.02 and a beta of 1.16.

Woori Bank (NYSE:WF) last announced its quarterly earnings data on Friday, November 14th. The bank reported $3.57 EPS for the quarter, beating the consensus estimate of $2.28 by $1.29. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.99 billion. Woori Bank had a net margin of 13.29% and a return on equity of 9.16%. As a group, equities research analysts expect that Woori Bank will post 8.24 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Allworth Financial LP increased its holdings in Woori Bank by 28.6% in the 3rd quarter. Allworth Financial LP now owns 1,506 shares of the bank’s stock worth $85,000 after buying an additional 335 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Woori Bank by 90.4% in the third quarter. Coldstream Capital Management Inc. now owns 19,755 shares of the bank’s stock worth $1,109,000 after acquiring an additional 9,382 shares during the period. Verition Fund Management LLC purchased a new position in shares of Woori Bank during the third quarter valued at approximately $404,000. Mariner LLC boosted its holdings in Woori Bank by 11.3% in the third quarter. Mariner LLC now owns 30,927 shares of the bank’s stock worth $1,737,000 after purchasing an additional 3,128 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC grew its position in Woori Bank by 2.5% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 63,770 shares of the bank’s stock worth $3,581,000 after purchasing an additional 1,549 shares during the period. Hedge funds and other institutional investors own 3.41% of the company’s stock.

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.