Woori Bank (NYSE:WF) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Woori Bank's share price recently climbed above its 200‑day moving average, trading as high as $66.17 and last at $65.72 versus the 200‑day MA of $61.08 (volume ~99,178).
• Analyst sentiment is favorable with a consensus Strong Buy (one Strong Buy, one Buy) and recent rating changes, while fundamentals show a P/E of 7.58, PEG of 0.68 and a quarter with an EPS miss ($0.86 vs. $0.90) and lower-than-expected revenue.
• Institutional investors including AQR, Goldman Sachs and JPMorgan have materially increased holdings recently, though institutions still own only about 3.41% of the stock.

Woori Bank (NYSE:WF - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $61.08 and traded as high as $66.17. Woori Bank shares last traded at $65.72, with a volume of 99,178 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WF shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Woori Bank in a report on Monday, December 29th. Zacks Research raised Woori Bank from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 11th. Finally, Wall Street Zen downgraded shares of Woori Bank from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 8th. One equities research 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 company currently has a consensus rating of "Strong Buy".

Woori Bank Stock Performance

The stock has a fifty day simple moving average of $70.05 and a 200-day simple moving average of $61.08. The stock has a market cap of $16.08 billion, a P/E ratio of 7.58, a PEG ratio of 0.68 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.13 and a current ratio of 1.10.

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

Institutional Investors Weigh In On Woori Bank

Several institutional investors have recently bought and sold shares of WF. AQR Capital Management LLC grew its stake in shares of Woori Bank by 50.7% during the 1st quarter. AQR Capital Management LLC now owns 20,163 shares of the bank's stock worth $673,000 after acquiring an additional 6,782 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Woori Bank by 67.5% in the first quarter. Goldman Sachs Group Inc. now owns 52,170 shares of the bank's stock valued at $1,741,000 after purchasing an additional 21,016 shares during the last quarter. Geode Capital Management LLC bought a new stake in shares of Woori Bank in the second quarter worth $240,000. JPMorgan Chase & Co. boosted its holdings in Woori Bank by 40.1% during the second quarter. JPMorgan Chase & Co. now owns 80,430 shares of the bank's stock worth $4,000,000 after purchasing an additional 23,020 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Woori Bank by 5.9% during the second quarter. Franklin Resources Inc. now owns 6,507 shares of the bank's stock worth $324,000 after purchasing an additional 362 shares during the last quarter. 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.

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