Woori Bank (NYSE:WF) Downgraded by Wall Street Zen to "Hold"

Key Points

• Wall Street Zen downgraded Woori Bank (NYSE:WF) from a "buy" to a "hold" in a report released Saturday.
• Other analysts disagree: Weiss Ratings reaffirmed a "buy (b)", Zacks upgraded to "strong-buy", and MarketBeat shows an average rating of "Strong Buy" for the stock.
• Woori missed quarterly expectations (EPS $0.86 vs. $0.90 expected and revenue $367.6M vs. $1.84B expected) even as the stock trades at a low valuation (PE ~7.58) with a market cap of about $16.1B and a 12‑month range of $29.44–$84.71.

Woori Bank (NYSE:WF - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

A number of other brokerages also recently weighed in on WF. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Woori Bank in a research report on Monday, December 29th. Zacks Research raised shares of Woori Bank from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Strong Buy".

Woori Bank Stock Performance

Woori Bank stock opened at $65.72 on Friday. The company has a market cap of $16.08 billion, a PE ratio of 7.58, a P/E/G ratio of 0.67 and a beta of 1.13. The company has a fifty day moving average price of $70.14 and a two-hundred day moving average price of $61.14. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.10 and a quick ratio of 1.13. Woori Bank has a 12 month low of $29.44 and a 12 month high of $84.71.

Woori Bank (NYSE:WF - Get Free Report) last issued its earnings results on Wednesday, March 4th. The bank reported $0.86 earnings per share for the quarter, missing analysts' consensus estimates of $0.90 by ($0.04). Woori Bank had a return on equity of 8.74% and a net margin of 13.49%.The business had revenue of $367.58 million for the quarter, compared to analyst estimates of $1.84 billion. Research analysts expect that Woori Bank will post 8.24 earnings per share for the current year.

Institutional Investors Weigh In On Woori Bank

Hedge funds have recently added to or reduced their stakes in the stock. Laird Norton Wetherby Trust Company LLC bought a new position in shares of Woori Bank during the fourth quarter worth about $5,521,000. Millennium Management LLC acquired a new stake in shares of Woori Bank in the 4th quarter worth about $3,954,000. Morgan Stanley lifted its position in Woori Bank by 4.6% in the 4th quarter. Morgan Stanley now owns 1,399,904 shares of the bank's stock valued at $82,300,000 after purchasing an additional 61,178 shares during the last quarter. Capital International Investors bought a new stake in Woori Bank in the 3rd quarter valued at about $2,997,000. Finally, B. Metzler seel. Sohn & Co. AG boosted its stake in Woori Bank by 100.1% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 89,881 shares of the bank's stock valued at $5,284,000 after purchasing an additional 44,974 shares during the period. 3.41% of the stock is currently owned by institutional investors.

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.

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