Woori Bank (NYSE:WF) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Woori Bank (NYSE:WF) from a hold rating to a strong sell rating in a report published on Thursday morning,Zacks.com reports.

Separately, Wall Street Zen cut Woori Bank from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Woori Bank Price Performance

NYSE WF opened at $69.91 on Thursday. The business’s fifty day moving average price is $68.94 and its 200-day moving average price is $63.38. The stock has a market capitalization of $17.11 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 0.64 and a beta of 1.08. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.10 and a quick ratio of 1.10. Woori Bank has a 1-year low of $37.35 and a 1-year high of $84.71.

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

Institutional Investors Weigh In On Woori Bank

A number of institutional investors have recently bought and sold shares of WF. AQR Capital Management LLC increased its stake in Woori Bank by 50.7% in the 1st quarter. AQR Capital Management LLC now owns 20,163 shares of the bank’s stock worth $673,000 after buying an additional 6,782 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in 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 buying an additional 21,016 shares in the last quarter. Geode Capital Management LLC purchased a new stake in Woori Bank in the 2nd quarter worth $240,000. JPMorgan Chase & Co. increased its stake in Woori Bank by 40.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 80,430 shares of the bank’s stock worth $4,000,000 after buying an additional 23,020 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Woori Bank by 133.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 8,744 shares of the bank’s stock worth $435,000 after buying an additional 4,996 shares in the last quarter. Hedge funds and other institutional investors 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.