Woori Bank (NYSE:WF) Rating Lowered to “Hold” at Wall Street Zen

Woori Bank (NYSE:WF) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other research analysts have also recently issued reports on the company. Zacks Research upgraded Woori Bank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Woori Bank in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Woori Bank presently has an average rating of “Moderate Buy”.

Woori Bank Trading Down 2.6%

Shares of Woori Bank stock opened at $62.09 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78. Woori Bank has a 12-month low of $29.44 and a 12-month high of $65.25. The firm has a market capitalization of $15.19 billion, a price-to-earnings ratio of 6.94, a PEG ratio of 1.10 and a beta of 1.16. The firm’s 50 day simple moving average is $58.23 and its two-hundred day simple moving average is $55.91.

Woori Bank (NYSE:WF) last posted its quarterly earnings data on Friday, November 14th. The bank reported $3.57 EPS for the quarter, topping the consensus estimate 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%. Analysts predict that Woori Bank will post 8.24 EPS for the current year.

Institutional Trading of Woori Bank

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in Woori Bank by 50.7% during the first quarter. AQR Capital Management LLC now owns 20,163 shares of the bank’s stock valued at $673,000 after buying an additional 6,782 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Woori Bank by 67.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 52,170 shares of the bank’s stock valued at $1,741,000 after acquiring an additional 21,016 shares during the period. HB Wealth Management LLC purchased a new position in shares of Woori Bank in the 2nd quarter valued at about $285,000. QRG Capital Management Inc. increased its stake in shares of Woori Bank by 18.1% in the 2nd quarter. QRG Capital Management Inc. now owns 11,865 shares of the bank’s stock valued at $590,000 after purchasing an additional 1,817 shares in the last quarter. Finally, US Bancorp DE raised its holdings in Woori Bank by 9.1% in the 2nd quarter. US Bancorp DE now owns 41,310 shares of the bank’s stock worth $2,054,000 after purchasing an additional 3,446 shares during the period. 3.41% of the stock is owned by hedge funds and other institutional investors.

Woori Bank Company Profile

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.