Woori Bank (NYSE:WF) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Woori Bank (NYSE:WF)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $60.36 and traded as high as $68.00. Woori Bank shares last traded at $66.2540, with a volume of 138,737 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wall Street Zen lowered Woori Bank from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Weiss Ratings restated a “buy (b)” rating on shares of Woori Bank in a report on Monday, December 29th. Finally, Zacks Research raised Woori Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, Woori Bank currently has an average rating of “Strong Buy”.

Woori Bank Price Performance

The stock’s 50-day moving average price is $68.65 and its 200 day moving average price is $60.36. The firm has a market cap of $16.21 billion, a price-to-earnings ratio of 7.64, a price-to-earnings-growth ratio of 0.68 and a beta of 1.10. The company has a quick ratio of 1.13, a current ratio of 1.10 and a debt-to-equity ratio of 0.90.

Woori Bank (NYSE:WF) last released its earnings results on Wednesday, March 4th. The bank reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.04). Woori Bank had a return on equity of 8.74% and a net margin of 13.49%.The firm had revenue of $367.58 million for the quarter, compared to analyst estimates of $1.84 billion. Equities research analysts predict that Woori Bank will post 8.24 earnings per share for the current year.

Institutional Trading of Woori Bank

Several institutional investors have recently modified their holdings of the company. Laird Norton Wetherby Trust Company LLC bought a new stake in shares of Woori Bank during the fourth quarter valued at approximately $5,521,000. Millennium Management LLC bought a new position in Woori Bank in the fourth quarter worth $3,954,000. Morgan Stanley boosted its stake in Woori Bank by 4.6% during the fourth quarter. Morgan Stanley now owns 1,399,904 shares of the bank’s stock worth $82,300,000 after buying an additional 61,178 shares in the last quarter. Capital International Investors acquired a new stake in Woori Bank during the third quarter worth $2,997,000. Finally, B. Metzler seel. Sohn & Co. AG increased its holdings in Woori Bank by 100.1% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 89,881 shares of the bank’s stock valued at $5,284,000 after buying an additional 44,974 shares during the period. Institutional investors and hedge funds own 3.41% of the company’s stock.

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.