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

Woori Bank (NYSE:WF) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday, Wall Street Zen reports.

WF has been the subject of several other research reports. Weiss Ratings upgraded shares of Woori Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Zacks Research upgraded shares of Woori Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Woori Bank Price Performance

Shares of Woori Bank stock opened at $66.37 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.99. The company’s 50-day moving average price is $73.53 and its two-hundred day moving average price is $68.25. Woori Bank has a 52 week low of $48.83 and a 52 week high of $84.71. The stock has a market cap of $16.30 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 0.61 and a beta of 1.03.

Institutional Investors Weigh In On Woori Bank

A number of institutional investors and hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new position in shares of Woori Bank in the first quarter worth approximately $26,000. Bessemer Group Inc. lifted its position in shares of Woori Bank by 68.1% in the 1st quarter. Bessemer Group Inc. now owns 437 shares of the bank’s stock valued at $29,000 after acquiring an additional 177 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Woori Bank by 37.6% in the 4th 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 during the period. Mather Group LLC. purchased a new position in Woori Bank during the 3rd quarter worth approximately $82,000. Finally, Eastern Bank purchased a new position in Woori Bank during the 2nd quarter worth approximately $140,000. 3.41% of the stock is owned by institutional investors and hedge funds.

About Woori Bank

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.