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

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

Other equities analysts also recently issued reports about the company. Weiss Ratings reissued a “buy (b)” rating on shares of Woori Bank in a research report on Monday, December 29th. Zacks Research upgraded Woori Bank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Woori Bank currently has a consensus rating of “Moderate Buy”.

Woori Bank Price Performance

Shares of WF opened at $62.75 on Friday. Woori Bank has a 1-year low of $29.44 and a 1-year high of $65.25. The stock has a market cap of $15.36 billion, a PE ratio of 7.02, a P/E/G ratio of 1.07 and a beta of 1.14. The firm has a 50-day simple moving average of $58.41 and a two-hundred day simple moving average of $55.96. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.13 and a quick ratio of 1.13.

Woori Bank (NYSE:WF) last issued 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. Woori Bank had a net margin of 13.29% and a return on equity of 9.16%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.99 billion. As a group, analysts forecast that Woori Bank will post 8.24 EPS for the current year.

Institutional Trading of Woori Bank

A number of hedge funds and other institutional investors have recently made changes to their positions in WF. Coldstream Capital Management Inc. raised its holdings in shares of Woori Bank by 577.5% in the second quarter. Coldstream Capital Management Inc. now owns 10,373 shares of the bank’s stock valued at $516,000 after buying an additional 8,842 shares during the last quarter. Acadian Asset Management LLC raised its stake in Woori Bank by 0.8% during the 2nd quarter. Acadian Asset Management LLC now owns 128,924 shares of the bank’s stock valued at $6,407,000 after acquiring an additional 1,083 shares during the last quarter. West Family Investments Inc. lifted its position in Woori Bank by 42.9% during the 2nd quarter. West Family Investments Inc. now owns 17,614 shares of the bank’s stock worth $876,000 after acquiring an additional 5,284 shares during the period. Creative Planning lifted its position in Woori Bank by 25.8% during the 2nd quarter. Creative Planning now owns 261,811 shares of the bank’s stock worth $13,020,000 after acquiring an additional 53,743 shares during the period. Finally, Drive Wealth Management LLC purchased a new position in shares of Woori Bank in the 2nd quarter valued at approximately $239,000. 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.