Woori Bank (NYSE:WF) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Woori Bank (NYSE:WF) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $63.28 and traded as high as $69.37. Woori Bank shares last traded at $68.6380, with a volume of 142,455 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Woori Bank from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Zacks Research lowered Woori Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Woori Bank has a consensus rating of “Moderate Buy”.

Woori Bank Trading Down 2.0%

The business has a 50 day simple moving average of $69.22 and a 200-day simple moving average of $63.28. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $16.80 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 0.66 and a beta of 1.08.

Woori Bank (NYSE:WF) last issued its quarterly earnings results on Friday, April 24th. The bank reported $1.59 EPS for the quarter, missing the consensus estimate of $2.60 by ($1.01). The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.99 billion. Woori Bank had a return on equity of 8.64% and a net margin of 13.34%. On average, equities analysts predict that Woori Bank will post 9.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its position in Woori Bank by 68.1% during the first quarter. Bessemer Group Inc. now owns 437 shares of the bank’s stock valued at $29,000 after acquiring an additional 177 shares during the period. Enterprise Financial Services Corp purchased a new position in shares of Woori Bank in the 1st quarter worth about $212,000. Sequoia Financial Advisors LLC lifted its stake in shares of Woori Bank by 10.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 39,779 shares of the bank’s stock valued at $2,649,000 after purchasing an additional 3,742 shares in the last quarter. Frank Rimerman Advisors LLC grew its holdings in shares of Woori Bank by 46.2% during the 1st quarter. Frank Rimerman Advisors LLC now owns 23,347 shares of the bank’s stock worth $1,555,000 after purchasing an additional 7,374 shares during the period. Finally, Kathmere Capital Management LLC purchased a new stake in shares of Woori Bank during the 1st quarter worth about $207,000. 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.