Woori Bank (NYSE:WF) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Woori Bank (NYSE:WF) from a buy rating to a hold rating in a report released on Saturday.

Several other research analysts have also weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woori Bank in a research note on Monday, December 29th. Zacks Research raised shares of Woori Bank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Woori Bank Price Performance

NYSE:WF opened at $57.34 on Friday. Woori Bank has a 52 week low of $29.44 and a 52 week high of $60.48. The stock’s fifty day moving average is $56.60 and its two-hundred day moving average is $55.08. The company has a market capitalization of $14.03 billion, a P/E ratio of 6.41, a P/E/G ratio of 0.99 and a beta of 1.16. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.78.

Woori Bank (NYSE:WF) last released its quarterly earnings results on Friday, November 14th. The bank reported $3.57 earnings per share 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 analysts’ expectations of $1.99 billion. Woori Bank had a return on equity of 9.16% and a net margin of 13.29%. Equities analysts expect that Woori Bank will post 8.24 EPS for the current year.

Hedge Funds Weigh In On Woori Bank

Several institutional investors have recently modified their holdings of WF. Tuttle Capital Management LLC acquired a new position in Woori Bank during the 4th quarter worth approximately $327,000. Allworth Financial LP grew its stake in shares of Woori Bank by 28.6% during the third quarter. Allworth Financial LP now owns 1,506 shares of the bank’s stock worth $85,000 after purchasing an additional 335 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in Woori Bank by 90.4% in the third quarter. Coldstream Capital Management Inc. now owns 19,755 shares of the bank’s stock valued at $1,109,000 after buying an additional 9,382 shares during the last quarter. Verition Fund Management LLC purchased a new position in Woori Bank in the third quarter valued at $404,000. Finally, Mariner LLC raised its stake in Woori Bank by 11.3% in the third quarter. Mariner LLC now owns 30,927 shares of the bank’s stock valued at $1,737,000 after buying an additional 3,128 shares in the last quarter. Institutional investors and hedge funds 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.