Woori Bank (NYSE:WF) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Woori Bank (NYSE:WF) from a buy rating to a strong-buy rating in a research note published on Saturday.

WF has been the subject of several other research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woori Bank in a research note on Monday, December 29th. Zacks Research upgraded shares of Woori Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Woori Bank Price Performance

NYSE:WF opened at $74.70 on Friday. Woori Bank has a 52 week low of $29.44 and a 52 week high of $84.71. The stock’s fifty day moving average is $66.00 and its two-hundred day moving average is $58.96. The company has a market capitalization of $18.28 billion, a P/E ratio of 8.36, a P/E/G ratio of 0.76 and a beta of 1.14. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.78.

Institutional Trading of Woori Bank

A number of large investors have recently modified their holdings of the stock. Coldstream Capital Management Inc. boosted its position in shares of Woori Bank by 577.5% during the 2nd quarter. Coldstream Capital Management Inc. now owns 10,373 shares of the bank’s stock worth $516,000 after acquiring an additional 8,842 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Woori Bank by 0.8% during the 2nd quarter. Acadian Asset Management LLC now owns 128,924 shares of the bank’s stock worth $6,407,000 after acquiring an additional 1,083 shares in the last quarter. West Family Investments Inc. lifted its stake in Woori Bank by 42.9% during the second quarter. West Family Investments Inc. now owns 17,614 shares of the bank’s stock worth $876,000 after purchasing an additional 5,284 shares during the last quarter. Assetmark Inc. boosted its holdings in Woori Bank by 109.0% in the third quarter. Assetmark Inc. now owns 35,898 shares of the bank’s stock valued at $2,016,000 after purchasing an additional 18,726 shares in the last quarter. Finally, Creative Planning increased its stake in Woori Bank by 25.8% in the second quarter. Creative Planning now owns 261,811 shares of the bank’s stock valued at $13,020,000 after purchasing an additional 53,743 shares during 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.