Weiss Ratings Reaffirms “Buy (B)” Rating for Woori Bank (NYSE:WF)

Woori Bank (NYSE:WF)‘s stock had its “buy (b)” rating reaffirmed by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Woori Bank Stock Down 0.5%

WF stock opened at $55.95 on Wednesday. Woori Bank has a twelve month low of $29.44 and a twelve month high of $57.97. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The firm has a market cap of $13.85 billion, a PE ratio of 7.05, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14. The business has a 50 day moving average of $55.01 and a 200 day moving average of $46.81.

Woori Bank (NYSE:WF) last posted its quarterly earnings data on Friday, July 25th. The bank reported $2.63 earnings per share for the quarter, missing analysts’ consensus estimates of $3,574.37 by ($3,571.74). Woori Bank had a net margin of 11.84% and a return on equity of 8.30%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2,790.97 billion. On average, research analysts forecast that Woori Bank will post 8.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Woori Bank

A number of institutional investors and hedge funds have recently modified their holdings of WF. Allworth Financial LP raised its position in shares of Woori Bank by 25.5% during the 2nd quarter. Allworth Financial LP now owns 1,171 shares of the bank’s stock worth $58,000 after purchasing an additional 238 shares during the last quarter. Bridgewater Advisors Inc. raised its holdings in Woori Bank by 2.1% in the 2nd quarter. Bridgewater Advisors Inc. now owns 12,225 shares of the bank’s stock valued at $650,000 after acquiring an additional 246 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Woori Bank by 1.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 25,030 shares of the bank’s stock valued at $836,000 after acquiring an additional 342 shares during the last quarter. Osaic Holdings Inc. raised its holdings in Woori Bank by 51.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank’s stock valued at $51,000 after acquiring an additional 356 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in Woori Bank by 5.9% in the 2nd quarter. Franklin Resources Inc. now owns 6,507 shares of the bank’s stock valued at $324,000 after acquiring an additional 362 shares during the last quarter. 3.41% of the stock is currently owned by hedge funds and other institutional investors.

About Woori Bank

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.