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 report released on Tuesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the company. Wall Street Zen downgraded Woori Bank from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings cut Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Woori Bank presently has a consensus rating of “Moderate Buy”.

Woori Bank Stock Down 2.6%

NYSE:WF opened at $57.81 on Tuesday. The firm 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. Woori Bank has a 1-year low of $48.51 and a 1-year high of $84.71. The company’s fifty day moving average price is $64.70 and its 200-day moving average price is $65.10. 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 analysts’ expectations 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 anticipate that Woori Bank will post 9.1 EPS for the current year.

Institutional Trading of Woori Bank

A number of hedge funds have recently added to or reduced their stakes in WF. Parallel Advisors LLC increased its holdings in Woori Bank by 17.2% in the first quarter. Parallel Advisors LLC now owns 16,613 shares of the bank’s stock valued at $1,106,000 after buying an additional 2,441 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of Woori Bank by 47.5% during the 1st quarter. Quantinno Capital Management LP now owns 198,920 shares of the bank’s stock worth $13,248,000 after acquiring an additional 64,055 shares in the last quarter. Compound Planning Inc. boosted its stake in shares of Woori Bank by 9.9% during the 1st quarter. Compound Planning Inc. now owns 8,983 shares of the bank’s stock worth $598,000 after acquiring an additional 809 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Woori Bank by 88.2% during the 1st quarter. First Trust Advisors LP now owns 32,905 shares of the bank’s stock worth $2,191,000 after acquiring an additional 15,417 shares in the last quarter. Finally, Barometer Capital Management Inc. acquired a new stake in shares of Woori Bank during the 1st quarter valued at about $1,172,000. 3.41% of the stock is owned by hedge funds and other 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.