Woori Bank (NYSE:WF) Sets New 52-Week High – Still a Buy?

Woori Bank (NYSE:WF) shares hit a new 52-week high on Tuesday . The stock traded as high as $62.35 and last traded at $61.88, with a volume of 94637 shares. The stock had previously closed at $61.61.

Analyst Ratings Changes

Several equities research analysts have recently commented 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. Weiss Ratings reissued a “buy (b)” rating on shares of Woori Bank in a report on Monday, December 29th. Finally, Wall Street Zen upgraded Woori Bank from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Woori Bank has an average rating of “Moderate Buy”.

Woori Bank Stock Performance

The company has a market capitalization of $15.14 billion, a PE ratio of 6.92, a price-to-earnings-growth ratio of 1.06 and a beta of 1.16. The stock’s fifty day simple moving average is $57.44 and its 200-day simple moving average is $55.71. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.13.

Woori Bank (NYSE:WF) last issued its quarterly earnings results on Friday, November 14th. The bank reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $1.29. The business had revenue of $1.94 billion during 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 analysts predict that Woori Bank will post 8.24 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. PDS Planning Inc boosted its holdings in shares of Woori Bank by 3.6% during the fourth quarter. PDS Planning Inc now owns 13,493 shares of the bank’s stock worth $793,000 after purchasing an additional 469 shares during the last quarter. CWM LLC lifted its position in Woori Bank by 7.6% during the fourth quarter. CWM LLC now owns 3,474 shares of the bank’s stock worth $204,000 after buying an additional 244 shares during the period. Bridgewater Advisors Inc. boosted its stake in Woori Bank by 3.3% in the 4th quarter. Bridgewater Advisors Inc. now owns 12,962 shares of the bank’s stock worth $784,000 after buying an additional 417 shares during the last quarter. BSW Wealth Partners boosted its stake in Woori Bank by 12.8% in the 4th quarter. BSW Wealth Partners now owns 11,234 shares of the bank’s stock worth $660,000 after buying an additional 1,272 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in Woori Bank by 89.0% in the 4th quarter. Assetmark Inc. now owns 67,850 shares of the bank’s stock valued at $3,989,000 after buying an additional 31,952 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.