Woori Bank (NYSE:WF) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Woori Bank (NYSE:WF) from a hold rating to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

Several other research analysts have also recently weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Woori Bank in a report on Monday, December 29th. Wall Street Zen lowered shares of Woori Bank from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, Woori Bank presently has a consensus rating of “Strong Buy”.

Woori Bank Stock Performance

WF stock opened at $79.03 on Wednesday. Woori Bank has a 1-year low of $29.44 and a 1-year high of $81.20. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78. The firm has a market cap of $19.34 billion, a PE ratio of 8.84, a P/E/G ratio of 0.81 and a beta of 1.14. The business’s 50-day moving average price is $60.76 and its two-hundred day moving average price is $56.85.

Woori Bank (NYSE:WF) last announced its quarterly earnings results on Friday, November 14th. The bank reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $1.29. Woori Bank had a return on equity of 9.16% and a net margin of 13.29%.The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.99 billion. As a group, research analysts forecast that Woori Bank will post 8.24 earnings per share for the current year.

Institutional Investors Weigh In On Woori Bank

Several institutional investors and hedge funds have recently added to or reduced their stakes in WF. Quadrant Capital Group LLC boosted its stake in shares of Woori Bank by 9.9% during the 4th quarter. Quadrant Capital Group LLC now owns 31,121 shares of the bank’s stock worth $1,830,000 after buying an additional 2,802 shares during the last quarter. Jane Street Group LLC bought a new stake in Woori Bank during the fourth quarter worth about $1,406,000. Brooklyn Investment Group acquired a new position in Woori Bank during the fourth quarter valued at approximately $332,000. Orion Porfolio Solutions LLC grew its stake in Woori Bank by 10.2% in the fourth quarter. Orion Porfolio Solutions LLC now owns 4,485 shares of the bank’s stock valued at $264,000 after purchasing an additional 414 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Woori Bank by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 92,291 shares of the bank’s stock valued at $5,426,000 after purchasing an additional 467 shares in the last quarter. 3.41% of the stock is owned by institutional investors.

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.