Woori Bank (NYSE:WF) Sets New 1-Year High – Time to Buy?

Woori Bank (NYSE:WF) reached a new 52-week high on Friday . The stock traded as high as $59.90 and last traded at $59.8780, with a volume of 38075 shares trading hands. The stock had previously closed at $59.67.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Zacks Research upgraded shares of Woori Bank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Weiss Ratings restated a “buy (b)” rating on shares of Woori Bank in a research report on Monday. Finally, Wall Street Zen upgraded Woori Bank from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Woori Bank Stock Performance

The stock’s fifty day simple moving average is $55.63 and its two-hundred day simple moving average is $54.02. The company has a market cap of $14.65 billion, a price-to-earnings ratio of 6.70, a price-to-earnings-growth ratio of 1.07 and a beta of 1.17. 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 earnings results on Friday, November 14th. The bank reported $3.57 earnings per share for the quarter, topping the consensus estimate of $2.28 by $1.29. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.99 billion. Woori Bank had a return on equity of 9.16% and a net margin of 13.29%. Equities research analysts anticipate that Woori Bank will post 8.24 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning lifted its holdings in shares of Woori Bank by 14.2% during the 3rd quarter. Creative Planning now owns 298,934 shares of the bank’s stock valued at $16,785,000 after acquiring an additional 37,123 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Woori Bank by 0.8% in the second quarter. Acadian Asset Management LLC now owns 128,924 shares of the bank’s stock worth $6,407,000 after buying an additional 1,083 shares during the period. Vident Advisory LLC boosted its position in shares of 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 buying an additional 2,394 shares during the period. Bank of America Corp DE grew its stake in shares of Woori Bank by 18.9% in the third quarter. Bank of America Corp DE now owns 116,746 shares of the bank’s stock valued at $6,555,000 after buying an additional 18,537 shares in the last quarter. Finally, Ethic Inc. raised its holdings in shares of Woori Bank by 8.9% during the 3rd quarter. Ethic Inc. now owns 114,310 shares of the bank’s stock valued at $6,418,000 after buying an additional 9,298 shares during the period. 3.41% of the stock is owned by institutional investors and hedge funds.

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.