Woori Bank (NYSE:WF) Stock Rating Upgraded by Wall Street Zen

Woori Bank (NYSE:WF) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other research analysts have also recently issued reports on WF. Weiss Ratings reiterated a “buy (b)” rating on shares of Woori Bank in a research report on Monday. Zacks Research upgraded shares of Woori Bank from a “strong sell” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Woori Bank has an average rating of “Moderate Buy”.

Woori Bank Stock Performance

Shares of NYSE:WF opened at $53.47 on Friday. Woori Bank has a 1 year low of $29.44 and a 1 year high of $57.97. The stock has a market capitalization of $13.08 billion, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 0.90 and a beta of 1.17. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 1.09. The company’s 50 day simple moving average is $55.18 and its 200 day simple moving average is $51.17.

Woori Bank (NYSE:WF) last released its earnings results on Friday, November 14th. The bank reported $3.57 earnings per share for the quarter, topping the consensus estimate of $2.28 by $1.29. Woori Bank had a return on equity of 8.30% and a net margin of 11.84%.The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.99 billion. As a group, research analysts predict that Woori Bank will post 8.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. HM Payson & Co. acquired a new stake in Woori Bank during the 3rd quarter worth approximately $29,000. Smartleaf Asset Management LLC raised its stake in shares of Woori Bank by 551.7% during the second quarter. Smartleaf Asset Management LLC now owns 984 shares of the bank’s stock valued at $48,000 after acquiring an additional 833 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Woori Bank by 51.9% during the second quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank’s stock worth $51,000 after purchasing an additional 356 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Woori Bank by 3,282.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,150 shares of the bank’s stock worth $57,000 after purchasing an additional 1,116 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in Woori Bank by 25.5% in the second quarter. Allworth Financial LP now owns 1,171 shares of the bank’s stock valued at $58,000 after purchasing an additional 238 shares during the period. Institutional investors and hedge funds own 3.41% of the company’s stock.

Woori Bank Company Profile

Woori Financial Group Inc, a financial holding company, operates as a commercial bank that provides a range of financial products and services to individuals, corporations, and small- and medium-sized enterprises in Korea. It operates through Banking, Credit Card, Capital, Investment Banking, and Others segments.