Woori Bank (NYSE:WF) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Woori Bank (NYSE:WF) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $54.02 and traded as high as $59.86. Woori Bank shares last traded at $61.14, with a volume of 21,822 shares trading hands.

Wall Street Analysts Forecast Growth

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

Woori Bank Stock Up 0.3%

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.78. The firm’s 50-day moving average price is $55.75 and its 200 day moving average price is $54.12. The firm has a market cap of $14.65 billion, a P/E ratio of 6.70, a price-to-earnings-growth ratio of 1.07 and a beta of 1.17.

Woori Bank (NYSE:WF) last issued its quarterly earnings data on Friday, November 14th. The bank reported $3.57 earnings per share for the quarter, beating 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 the consensus estimate of $1.99 billion. As a group, research analysts expect that Woori Bank will post 8.24 earnings per share for the current year.

Institutional Trading of Woori Bank

Several hedge funds have recently added to or reduced their stakes in the business. HM Payson & Co. acquired a new position in Woori Bank during the 3rd quarter worth $29,000. Smartleaf Asset Management LLC lifted its holdings in Woori Bank by 551.7% in the second quarter. Smartleaf Asset Management LLC now owns 984 shares of the bank’s stock worth $48,000 after purchasing an additional 833 shares during the period. Osaic Holdings Inc. lifted its holdings in Woori Bank by 51.9% in the second quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank’s stock worth $51,000 after purchasing an additional 356 shares during the period. Tower Research Capital LLC TRC grew its position in Woori Bank by 3,282.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,150 shares of the bank’s stock valued at $57,000 after buying an additional 1,116 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Woori Bank by 25.5% during the 2nd quarter. Allworth Financial LP now owns 1,171 shares of the bank’s stock valued at $58,000 after buying an additional 238 shares during the period. Institutional investors 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.