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

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

WF has been the topic of several other reports. Zacks Research upgraded Woori Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Woori Bank in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Woori Bank Stock Down 0.5%

Woori Bank stock opened at $65.72 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.13 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $16.08 billion, a P/E ratio of 7.58, a P/E/G ratio of 0.67 and a beta of 1.13. The firm’s fifty day simple moving average is $70.14 and its 200-day simple moving average is $61.17. Woori Bank has a 1-year low of $29.44 and a 1-year high of $84.71.

Woori Bank (NYSE:WF) last announced its quarterly earnings data on Wednesday, March 4th. The bank reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.04). Woori Bank had a net margin of 13.49% and a return on equity of 8.74%. The business had revenue of $367.58 million during the quarter, compared to the consensus estimate of $1.84 billion. Sell-side analysts forecast that Woori Bank will post 8.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Woori Bank

Hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC grew its holdings in shares of Woori Bank by 50.7% in the 1st quarter. AQR Capital Management LLC now owns 20,163 shares of the bank’s stock valued at $673,000 after buying an additional 6,782 shares during the period. Goldman Sachs Group Inc. raised its stake in Woori Bank by 67.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 52,170 shares of the bank’s stock worth $1,741,000 after buying an additional 21,016 shares during the period. Geode Capital Management LLC bought a new position in Woori Bank during the second quarter worth about $240,000. JPMorgan Chase & Co. lifted its holdings in Woori Bank by 40.1% during the second quarter. JPMorgan Chase & Co. now owns 80,430 shares of the bank’s stock worth $4,000,000 after acquiring an additional 23,020 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Woori Bank by 5.9% in the second quarter. Franklin Resources Inc. now owns 6,507 shares of the bank’s stock valued at $324,000 after acquiring an additional 362 shares during the period. 3.41% of the stock is currently owned by institutional investors and hedge funds.

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.