Woori Bank (NYSE:WF) Raised to Hold at Zacks Research

Woori Bank (NYSE:WF) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Woori Bank in a research note on Monday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Woori Bank has a consensus rating of “Moderate Buy”.

Woori Bank Stock Down 2.0%

Shares of NYSE WF opened at $53.03 on Wednesday. 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 has a 50-day moving average price of $55.23 and a 200-day moving average price of $51.07. The stock has a market capitalization of $12.97 billion, a P/E ratio of 6.68, a P/E/G ratio of 0.90 and a beta of 1.17. Woori Bank has a 1 year low of $29.44 and a 1 year high of $57.97.

Woori Bank (NYSE:WF) last posted its earnings results on Friday, November 14th. The bank reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $1.29. Woori Bank had a net margin of 11.84% and a return on equity of 8.30%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.99 billion. On average, equities research analysts forecast that Woori Bank will post 8.24 EPS for the current fiscal year.

Institutional Trading of Woori Bank

A number of institutional investors and hedge funds have recently modified their holdings of WF. HighTower Advisors LLC bought a new position in Woori Bank in the 1st quarter valued at $207,000. Canopy Partners LLC purchased a new position in shares of Woori Bank in the 1st quarter worth about $201,000. Abacus Wealth Partners LLC bought a new position in Woori Bank during the first quarter valued at about $249,000. Aaron Wealth Advisors LLC purchased a new stake in Woori Bank during the second quarter worth about $306,000. Finally, Compound Planning Inc. bought a new stake in Woori Bank in the first quarter worth about $215,000. 3.41% of the stock is 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.