Woori Bank (NYSE:WF) Upgraded at Wall Street Zen

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

Several other research firms have also recently commented on WF. Zacks Research raised shares of Woori Bank from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Woori Bank in a research note on Friday, September 4th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Woori Bank Price Performance

WF opened at $75.71 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.16 and a current ratio of 1.16. Woori Bank has a 52-week low of $48.83 and a 52-week high of $84.71. The stock has a market capitalization of $18.59 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 0.66 and a beta of 1.03. The stock’s 50 day moving average price is $73.62 and its 200-day moving average price is $67.61.

Woori Bank (NYSE:WF) last announced its earnings results on Friday, July 24th. The bank reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.13). The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.98 billion. Woori Bank had a net margin of 13.28% and a return on equity of 8.18%. On average, equities research analysts predict that Woori Bank will post 9.76 EPS for the current year.

Institutional Trading of Woori Bank

A number of hedge funds have recently modified their holdings of WF. Bell Investment Advisors Inc boosted its position in Woori Bank by 34.2% during the first quarter. Bell Investment Advisors Inc now owns 675 shares of the bank’s stock valued at $45,000 after purchasing an additional 172 shares in the last quarter. Bessemer Group Inc. raised its holdings in Woori Bank by 68.1% in the first 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. Rockefeller Capital Management L.P. raised its holdings in Woori Bank by 37.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,084 shares of the bank’s stock worth $64,000 after purchasing an additional 296 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Woori Bank during the first quarter valued at about $26,000. Finally, Corient Private Wealth LLC lifted its position in shares of Woori Bank by 2.0% during the fourth quarter. Corient Private Wealth LLC now owns 21,300 shares of the bank’s stock valued at $1,252,000 after buying an additional 412 shares during the last quarter. Institutional investors own 3.41% of the company’s stock.

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.