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

Key Points

• Woori Bank passed above its 200-day moving average (200‑day MA $63.28), trading as high as $69.37 and last at about $68.64 during the session.
• Several research firms including Zacks and Wall Street Zen have downgraded the stock to “Hold”, leaving the consensus at a modest "Moderate Buy" with one Buy and one Hold rating.
• The bank missed quarterly estimates (EPS $1.59 vs. $2.60 est.; revenue $1.88B vs. $1.99B), its shares slipped ~2%, and the stock trades at a P/E of 7.94.

Woori Bank (NYSE:WF - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $63.28 and traded as high as $69.37. Woori Bank shares last traded at $68.6380, with a volume of 142,455 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on WF. Zacks Research lowered shares of Woori Bank from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 8th. Wall Street Zen downgraded shares of Woori Bank from a "buy" rating to a "hold" rating in a report on Saturday, April 4th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".

Woori Bank Stock Down 2.0%

The company has a debt-to-equity ratio of 0.90, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $16.80 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 0.66 and a beta of 1.08. The firm's 50-day simple moving average is $69.22 and its two-hundred day simple moving average is $63.28.

Woori Bank (NYSE:WF - Get Free Report) last posted its quarterly earnings results on Friday, April 24th. The bank reported $1.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.60 by ($1.01). The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.99 billion. Woori Bank had a net margin of 13.34% and a return on equity of 8.64%. Sell-side analysts predict that Woori Bank will post 9.1 EPS for the current fiscal year.

Institutional Trading of Woori Bank

A number of institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in shares of Woori Bank in the first quarter valued at $26,000. Bessemer Group Inc. boosted its position in shares of Woori Bank by 68.1% in the 1st quarter. Bessemer Group Inc. now owns 437 shares of the bank's stock worth $29,000 after buying an additional 177 shares in the last quarter. Bell Investment Advisors Inc boosted its position in shares of Woori Bank by 34.2% in the 1st quarter. Bell Investment Advisors Inc now owns 675 shares of the bank's stock worth $45,000 after buying an additional 172 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Woori Bank in the 4th quarter valued at about $43,000. Finally, Smartleaf Asset Management LLC increased its holdings in Woori Bank by 551.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 984 shares of the bank's stock valued at $48,000 after acquiring an additional 833 shares in the last quarter. 3.41% of the stock is currently owned by hedge funds and other 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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