Woori Bank (NYSE:WF) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen lowered shares of Woori Bank (NYSE:WF) from a strong-buy rating to a buy rating in a research note published on Sunday.

A number of other analysts also recently commented on the stock. Zacks Research upgraded shares of Woori Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Weiss Ratings restated a “buy (b)” rating on shares of Woori Bank in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Woori Bank Trading Down 3.3%

Shares of WF opened at $66.15 on Friday. Woori Bank has a 52-week low of $29.44 and a 52-week high of $84.71. The stock has a market cap of $16.19 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 0.67 and a beta of 1.10. The firm’s fifty day moving average is $67.04 and its two-hundred day moving average is $59.56. 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 issued its earnings results on Wednesday, March 4th. The bank reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.04). The business had revenue of $367.58 million during the quarter, compared to analyst estimates of $1.84 billion. Woori Bank had a net margin of 13.49% and a return on equity of 8.74%. Research analysts forecast that Woori Bank will post 8.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Woori Bank

Large investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its position in shares of Woori Bank by 50.7% during the 1st quarter. AQR Capital Management LLC now owns 20,163 shares of the bank’s stock worth $673,000 after purchasing an additional 6,782 shares during the period. Goldman Sachs Group Inc. raised its position in Woori Bank by 67.5% in the first quarter. Goldman Sachs Group Inc. now owns 52,170 shares of the bank’s stock valued at $1,741,000 after purchasing an additional 21,016 shares during the period. Envestnet Asset Management Inc. raised its position in Woori Bank by 8.6% in the second quarter. Envestnet Asset Management Inc. now owns 8,143 shares of the bank’s stock valued at $405,000 after purchasing an additional 643 shares during the period. Acadian Asset Management LLC lifted its stake in Woori Bank by 0.8% during the second quarter. Acadian Asset Management LLC now owns 128,924 shares of the bank’s stock worth $6,407,000 after purchasing an additional 1,083 shares in the last quarter. Finally, Profund Advisors LLC acquired a new position in Woori Bank during the second quarter worth $257,000. 3.41% of the stock is currently owned by institutional investors and hedge funds.

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.