Woori Bank (NYSE:WF) Shares Gap Down – Should You Sell?

Woori Bank (NYSE:WF) shares gapped down prior to trading on Monday . The stock had previously closed at $60.57, but opened at $58.54. Woori Bank shares last traded at $57.9940, with a volume of 72,068 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WF shares. Wall Street Zen downgraded Woori Bank from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Zacks Research cut Woori Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Woori Bank Price Performance

The company has a market cap of $14.32 billion, a P/E ratio of 6.77, a PEG ratio of 0.57 and a beta of 1.01. The company has a fifty day simple moving average of $66.18 and a 200-day simple moving average of $64.55. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.14 and a quick ratio of 1.14.

Woori Bank (NYSE:WF) last posted its quarterly earnings results on Friday, April 24th. The bank reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.60 by ($1.01). The company had revenue of $1.88 billion during 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 8.46%. On average, sell-side analysts predict that Woori Bank will post 9.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WF. V Square Quantitative Management LLC purchased a new stake in shares of Woori Bank in the first quarter valued at $26,000. Bessemer Group Inc. lifted its holdings in shares of Woori Bank by 68.1% in the first quarter. Bessemer Group Inc. now owns 437 shares of the bank’s stock valued at $29,000 after purchasing an additional 177 shares in the last quarter. Bell Investment Advisors Inc lifted its holdings in shares of Woori Bank by 34.2% in the first quarter. Bell Investment Advisors Inc now owns 675 shares of the bank’s stock valued at $45,000 after purchasing an additional 172 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Woori Bank in the fourth quarter valued at $43,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 833 shares in the last quarter. Institutional investors own 3.41% of the company’s stock.

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.