Woori Bank (NYSE:WF) Sees Strong Trading Volume – Should You Buy?

Woori Bank (NYSE:WFGet Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 89,684 shares changed hands during trading, a decline of 23% from the previous session’s volume of 116,749 shares.The stock last traded at $63.9570 and had previously closed at $66.00.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WF shares. Weiss Ratings downgraded shares of Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Zacks Research downgraded shares of Woori Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen downgraded shares of Woori Bank from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Get Our Latest Stock Analysis on WF

Woori Bank Stock Performance

The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.87. The stock’s 50 day moving average price is $65.62 and its two-hundred day moving average price is $64.94. The firm has a market capitalization of $15.78 billion, a PE ratio of 7.45, a PEG ratio of 0.60 and a beta of 1.01.

Woori Bank (NYSE:WFGet Free Report) last issued its quarterly earnings data on Friday, April 24th. The bank reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.60 by ($1.01). Woori Bank had a return on equity of 8.46% and a net margin of 13.34%.The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.99 billion. On average, equities analysts expect that Woori Bank will post 9.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. TD Private Client Wealth LLC increased its stake in shares of Woori Bank by 14.6% during the 4th quarter. TD Private Client Wealth LLC now owns 1,262 shares of the bank’s stock worth $74,000 after purchasing an additional 161 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Woori Bank by 9.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,914 shares of the bank’s stock worth $113,000 after purchasing an additional 166 shares in the last quarter. Bell Investment Advisors Inc increased its stake in shares of Woori Bank by 34.2% during the 1st quarter. Bell Investment Advisors Inc now owns 675 shares of the bank’s stock worth $45,000 after purchasing an additional 172 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Woori Bank by 68.1% during the 1st quarter. Bessemer Group Inc. now owns 437 shares of the bank’s stock worth $29,000 after purchasing an additional 177 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of Woori Bank by 12.4% during the 4th quarter. Allworth Financial LP now owns 1,693 shares of the bank’s stock worth $100,000 after purchasing an additional 187 shares in the last quarter. 3.41% of the stock is owned by hedge funds and other institutional investors.

Woori Bank Company Profile

(Get Free Report)

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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