Woori Bank (NYSE:WF) Stock Bumped Up to Buy by Wall Street Zen

Wall Street Zen upgraded shares of Woori Bank (NYSE:WF) from a hold rating to a buy rating in a report published on Saturday,Wall Street Zen reports.

Other equities analysts also recently issued research reports about the company. Weiss Ratings restated a “buy (b-)” rating on shares of Woori Bank in a report on Friday, September 4th. Zacks Research upgraded shares of Woori Bank from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Woori Bank presently has an average rating of “Moderate Buy”.

Woori Bank Price Performance

Shares of Woori Bank stock opened at $75.56 on Friday. The firm has a market cap of $18.56 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.67 and a beta of 1.03. Woori Bank has a 12-month low of $48.83 and a 12-month high of $84.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.99. The company’s fifty day simple moving average is $73.46 and its two-hundred day simple moving average is $67.53.

Woori Bank (NYSE:WF) last issued its quarterly earnings data on Friday, July 24th. The bank reported $2.66 EPS for the quarter, missing the consensus estimate of $2.79 by ($0.13). Woori Bank had a net margin of 13.28% and a return on equity of 8.18%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.98 billion. As a group, equities analysts expect that Woori Bank will post 9.76 EPS for the current year.

Institutional Investors Weigh In On Woori Bank

Hedge funds have recently made changes to their positions in the company. Quantinno Capital Management LP lifted its position in Woori Bank by 47.5% during the 1st quarter. Quantinno Capital Management LP now owns 198,920 shares of the bank’s stock valued at $13,248,000 after acquiring an additional 64,055 shares during the period. Dimensional Fund Advisors LP grew its holdings in Woori Bank by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 95,636 shares of the bank’s stock worth $6,367,000 after purchasing an additional 3,345 shares during the period. B. Metzler seel. Sohn & Co. AG increased its stake in shares of Woori Bank by 1.0% during the second quarter. B. Metzler seel. Sohn & Co. AG now owns 92,846 shares of the bank’s stock valued at $5,329,000 after purchasing an additional 940 shares in the last quarter. Ritholtz Wealth Management increased its stake in shares of Woori Bank by 6.2% during the first quarter. Ritholtz Wealth Management now owns 42,001 shares of the bank’s stock valued at $2,797,000 after purchasing an additional 2,449 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Woori Bank by 21.8% during the second quarter. Sequoia Financial Advisors LLC now owns 48,470 shares of the bank’s stock valued at $2,782,000 after purchasing an additional 8,691 shares during the last quarter. 3.41% of the stock is currently owned by institutional investors.

About Woori Bank

Woori Bank is a South Korean commercial bank and the principal banking subsidiary of Woori Financial Group. It provides banking and financial services to individual customers, businesses, and institutional clients, including deposit accounts, consumer and commercial lending, corporate finance, trade finance, payment services, and foreign-exchange services.

The bank serves customers through a network in South Korea and maintains an international presence supporting Korean companies, multinational businesses, and retail customers in selected overseas markets.