Woori Bank (NYSE:WF) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Woori Bank (NYSE:WF) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

A number of other brokerages also recently weighed in on WF. Weiss Ratings downgraded Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Wall Street Zen downgraded Woori Bank from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Woori Bank Stock Down 2.6%

WF opened at $57.81 on Tuesday. 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 company’s 50-day moving average is $64.70 and its 200 day moving average is $65.10. Woori Bank has a fifty-two week low of $48.51 and a fifty-two week high of $84.71. The firm has a market capitalization of $14.15 billion, a P/E ratio of 6.68, a PEG ratio of 0.56 and a beta of 1.01.

Woori Bank (NYSE:WF) last issued its quarterly earnings data on Friday, April 24th. The bank reported $1.59 earnings per share (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 the consensus estimate of $1.99 billion. Woori Bank had a return on equity of 8.46% and a net margin of 13.34%. Research analysts expect that Woori Bank will post 9.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its position in shares of Woori Bank by 50.7% during the 1st quarter. AQR Capital Management LLC now owns 20,163 shares of the bank’s stock valued at $673,000 after acquiring an additional 6,782 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Woori Bank by 67.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 52,170 shares of the bank’s stock worth $1,741,000 after purchasing an additional 21,016 shares during the period. Geode Capital Management LLC purchased a new position in Woori Bank in the second quarter valued at approximately $240,000. JPMorgan Chase & Co. lifted its stake in Woori Bank by 40.1% in the second quarter. JPMorgan Chase & Co. now owns 80,430 shares of the bank’s stock valued at $4,000,000 after purchasing an additional 23,020 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Woori Bank by 133.3% in the second quarter. Russell Investments Group Ltd. now owns 8,744 shares of the bank’s stock valued at $435,000 after purchasing an additional 4,996 shares during the last quarter. 3.41% of the stock is currently owned by hedge funds and other institutional investors.

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.