Woori Bank (NYSE:WF) Stock Rating Upgraded by Wall Street Zen

Woori Bank (NYSE:WF) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

A number of other research firms also recently issued reports on WF. Weiss Ratings reiterated a “buy (b)” rating on shares of Woori Bank in a research report on Monday, December 29th. Zacks Research upgraded shares of Woori Bank from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Woori Bank Trading Down 0.8%

Shares of NYSE:WF opened at $57.27 on Friday. The company has a 50 day moving average price of $56.86 and a 200 day moving average price of $55.36. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $14.01 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 0.99 and a beta of 1.16. Woori Bank has a 1-year low of $29.44 and a 1-year high of $60.48.

Woori Bank (NYSE:WF) last announced its earnings results on Friday, November 14th. The bank reported $3.57 EPS for the quarter, topping the consensus estimate of $2.28 by $1.29. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Woori Bank had a net margin of 13.29% and a return on equity of 9.16%. On average, research analysts anticipate 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 have recently bought and sold shares of the business. Creative Planning raised its stake in shares of Woori Bank by 14.2% in the 3rd quarter. Creative Planning now owns 298,934 shares of the bank’s stock valued at $16,785,000 after buying an additional 37,123 shares in the last quarter. Acadian Asset Management LLC increased its stake in Woori Bank by 0.8% in the second quarter. Acadian Asset Management LLC now owns 128,924 shares of the bank’s stock valued at $6,407,000 after acquiring an additional 1,083 shares during the period. Vident Advisory LLC raised its position in Woori Bank by 2.1% in the second quarter. Vident Advisory LLC now owns 117,759 shares of the bank’s stock worth $5,856,000 after purchasing an additional 2,394 shares in the last quarter. Bank of America Corp DE lifted its stake in Woori Bank by 18.9% during the third quarter. Bank of America Corp DE now owns 116,746 shares of the bank’s stock worth $6,555,000 after purchasing an additional 18,537 shares during the period. Finally, Ethic Inc. boosted its holdings in Woori Bank by 8.9% during the third quarter. Ethic Inc. now owns 114,310 shares of the bank’s stock valued at $6,418,000 after purchasing an additional 9,298 shares in the last quarter. Institutional investors and hedge funds 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.