Woori Bank (NYSE:WF) Hits New 52-Week High – Here’s What Happened

Woori Bank (NYSE:WF)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $65.28 and last traded at $64.75, with a volume of 7222 shares trading hands. The stock had previously closed at $62.89.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on WF shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Woori Bank in a report on Monday, December 29th. Wall Street Zen cut Woori Bank from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research upgraded shares of Woori Bank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Woori Bank Stock Performance

The company has a 50-day moving average of $58.41 and a 200-day moving average of $55.96. The company has a market cap of $15.87 billion, a PE ratio of 7.25, a PEG ratio of 1.07 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.

Woori Bank (NYSE:WF) last issued its quarterly earnings data on Friday, November 14th. The bank reported $3.57 earnings per share for the quarter, beating the consensus estimate of $2.28 by $1.29. Woori Bank had a return on equity of 9.16% and a net margin of 13.29%.The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.99 billion. As a group, analysts anticipate that Woori Bank will post 8.24 earnings per share for the current year.

Institutional Investors Weigh In On Woori Bank

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its position in shares of Woori Bank by 8.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 36,037 shares of the bank’s stock worth $2,119,000 after buying an additional 2,791 shares in the last quarter. B. Metzler seel. Sohn & Co. AG increased its position in shares of Woori Bank by 100.1% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 89,881 shares of the bank’s stock valued at $5,284,000 after acquiring an additional 44,974 shares during the last quarter. HB Wealth Management LLC lifted its holdings in Woori Bank by 16.3% during the fourth quarter. HB Wealth Management LLC now owns 6,220 shares of the bank’s stock worth $366,000 after acquiring an additional 872 shares during the period. Evergreen Capital Management LLC boosted its position in Woori Bank by 7.8% in the fourth quarter. Evergreen Capital Management LLC now owns 6,790 shares of the bank’s stock worth $399,000 after purchasing an additional 489 shares during the last quarter. Finally, PDS Planning Inc boosted its position in Woori Bank by 3.6% in the fourth quarter. PDS Planning Inc now owns 13,493 shares of the bank’s stock worth $793,000 after purchasing an additional 469 shares during the last quarter. Hedge funds and other 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.