Woori Bank (NYSE:WF) Sees Strong Trading Volume – Should You Buy?

Woori Bank (NYSE:WF) shares saw an uptick in trading volume on Wednesday . 89,684 shares were traded during trading, a decline of 23% from the previous session’s volume of 116,749 shares.The stock last traded at $63.9570 and had previously closed at $66.00.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WF. Zacks Research downgraded shares of Woori Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded shares of Woori Bank from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings downgraded shares of Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Woori Bank presently has an average rating of “Hold”.

Woori Bank Stock Performance

The company has a debt-to-equity ratio of 0.87, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $15.78 billion, a price-to-earnings ratio of 7.45, a P/E/G ratio of 0.60 and a beta of 1.01. The stock’s 50-day moving average is $65.62 and its 200 day moving average is $64.94.

Woori Bank (NYSE:WF) last announced its quarterly earnings data on Friday, April 24th. The bank reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $2.60 by ($1.01). The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.99 billion. Woori Bank had a net margin of 13.34% and a return on equity of 8.46%. As a group, analysts predict that Woori Bank will post 9.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Woori Bank

Hedge funds have recently added to or reduced their stakes in the company. Laird Norton Wetherby Trust Company LLC acquired a new stake in shares of Woori Bank during the 4th quarter valued at approximately $5,521,000. Millennium Management LLC acquired a new stake in shares of Woori Bank during the 4th quarter valued at approximately $3,954,000. Quantinno Capital Management LP lifted its position in shares of Woori Bank by 47.5% during the 1st quarter. Quantinno Capital Management LP now owns 198,920 shares of the bank’s stock valued at $13,248,000 after acquiring an additional 64,055 shares during the period. Morgan Stanley lifted its position in shares of Woori Bank by 4.6% during the 4th quarter. Morgan Stanley now owns 1,399,904 shares of the bank’s stock valued at $82,300,000 after acquiring an additional 61,178 shares during the period. Finally, Capital International Investors acquired a new stake in shares of Woori Bank during the 3rd quarter valued at approximately $2,997,000. 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.