Woori Bank (NYSE:WF) Sets New 1-Year High – Here’s Why

Shares of Woori Bank (NYSE:WF) hit a new 52-week high on Tuesday . The stock traded as high as $62.35 and last traded at $61.88, with a volume of 94637 shares. The stock had previously closed at $61.61.

Wall Street Analyst Weigh In

WF has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Woori Bank from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Wall Street Zen upgraded shares of Woori Bank from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Woori Bank in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Woori Bank Stock Up 0.4%

The firm’s 50-day moving average price is $57.44 and its 200-day moving average price is $55.71. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $15.14 billion, a price-to-earnings ratio of 6.92, a price-to-earnings-growth ratio of 1.06 and a beta of 1.16.

Woori Bank (NYSE:WF) last posted its earnings results on Friday, November 14th. The bank reported $3.57 earnings per share for the quarter, beating the consensus estimate of $2.28 by $1.29. Woori Bank had a net margin of 13.29% and a return on equity of 9.16%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.99 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

Large investors have recently modified their holdings of the stock. HM Payson & Co. purchased a new stake in shares of Woori Bank during the 3rd quarter valued at about $29,000. Smartleaf Asset Management LLC grew its position in Woori Bank by 551.7% in the second quarter. Smartleaf Asset Management LLC now owns 984 shares of the bank’s stock valued at $48,000 after acquiring an additional 833 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Woori Bank by 51.9% during the second quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank’s stock valued at $51,000 after purchasing an additional 356 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Woori Bank by 3,282.4% during the second quarter. Tower Research Capital LLC TRC now owns 1,150 shares of the bank’s stock worth $57,000 after purchasing an additional 1,116 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Woori Bank by 25.5% in the second quarter. Allworth Financial LP now owns 1,171 shares of the bank’s stock valued at $58,000 after purchasing an additional 238 shares during the period. 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.