Woori Bank (NYSE:WF) Hits New 1-Year High – Here’s What Happened

Woori Bank (NYSE:WF) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $70.71 and last traded at $72.1750, with a volume of 5358 shares trading hands. The stock had previously closed at $69.29.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WF shares. Zacks Research raised Woori Bank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Wall Street Zen lowered shares of Woori Bank from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Woori Bank in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Woori Bank currently has an average rating of “Moderate Buy”.

Woori Bank Trading Up 4.2%

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $17.67 billion, a P/E ratio of 8.08, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14. The business has a fifty day moving average price of $59.37 and a 200 day moving average price of $56.30.

Woori Bank (NYSE:WF) last posted its quarterly earnings results on Friday, November 14th. The bank reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $1.29. Woori Bank had a return on equity of 9.16% and a net margin of 13.29%.The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.99 billion. On average, analysts expect that Woori Bank will post 8.24 earnings per share for the current fiscal year.

Institutional Trading of Woori Bank

Several institutional investors and hedge funds have recently made changes to their positions in the company. HM Payson & Co. bought a new position in Woori Bank in the 3rd quarter valued at $29,000. Smartleaf Asset Management LLC lifted its stake in shares of Woori Bank by 551.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 984 shares of the bank’s stock valued at $48,000 after purchasing an additional 833 shares during the period. Osaic Holdings Inc. boosted its stake in Woori Bank by 51.9% during the second quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank’s stock worth $51,000 after acquiring an additional 356 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Woori Bank by 3,282.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,150 shares of the bank’s stock worth $57,000 after purchasing an additional 1,116 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Woori Bank by 25.5% during the 2nd quarter. Allworth Financial LP now owns 1,171 shares of the bank’s stock valued at $58,000 after purchasing an additional 238 shares during the last quarter. 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.