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 issued on Saturday,Wall Street Zen reports.

A number of other research analysts have also recently commented on the company. Zacks Research upgraded Woori Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Weiss Ratings upgraded Woori Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Woori Bank Price Performance

WF stock opened at $65.81 on Friday. The company has a 50 day simple moving average of $73.83 and a 200 day simple moving average of $68.01. The stock has a market cap of $16.16 billion, a price-to-earnings ratio of 7.58, a P/E/G ratio of 0.61 and a beta of 1.03. Woori Bank has a 1 year low of $48.83 and a 1 year high of $84.71. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.16 and a quick ratio of 1.16.

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). The company had revenue of $1.97 billion during 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%. Research analysts anticipate that Woori Bank will post 9.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Woori Bank

A number of institutional investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new position in shares of Woori Bank during the first quarter worth about $26,000. Bessemer Group Inc. boosted its holdings in Woori Bank by 68.1% in the first quarter. Bessemer Group Inc. now owns 437 shares of the bank’s stock valued at $29,000 after acquiring an additional 177 shares during the last quarter. Rockefeller Capital Management L.P. boosted 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 valued at $64,000 after acquiring an additional 296 shares during the last quarter. Mather Group LLC. acquired a new stake in Woori Bank during the 3rd quarter valued at approximately $82,000. Finally, Eastern Bank acquired a new stake in Woori Bank during the 2nd quarter valued at approximately $140,000. Institutional investors own 3.41% of the company’s stock.

Woori Bank Company Profile

Woori Bank is a South Korean commercial bank that provides financial services to individuals, businesses and institutional customers. Its offerings include deposit accounts, consumer and commercial lending, payment and card services, foreign-exchange services, wealth management and other banking products.

The bank serves customers through a network of branches, digital banking platforms and other distribution channels in South Korea. It also supports Korean companies and individuals conducting business internationally through overseas branches, subsidiaries and representative offices in selected markets.

Woori Bank traces its origins to Daehan Cheon-il Bank, established in 1899, and is regarded as one of South Korea’s oldest banking institutions.