Woori Bank (NYSE:WF) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Woori Bank from “hold” to “buy,” while other recent analyst actions helped give the stock a “Moderate Buy” consensus rating.
• Woori Bank shares opened at $75.56, with a 12-month range of $48.83 to $84.71 and a market capitalization of approximately $18.56 billion.
• The bank reported quarterly EPS of $2.66, below the $2.79 consensus estimate, while several institutional investors increased their holdings; institutional ownership stands at 3.41%.

Woori Bank (NYSE:WF - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

WF has been the subject of several other research reports. Zacks Research upgraded Woori Bank from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 23rd. Weiss Ratings reissued a "buy (b-)" rating on shares of Woori Bank in a report on Friday, September 4th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Woori Bank has a consensus rating of "Moderate Buy".

Woori Bank Price Performance

Shares of NYSE:WF opened at $75.56 on Friday. The stock has a market cap of $18.56 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 0.65 and a beta of 1.03. 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 has a 12 month low of $48.83 and a 12 month high of $84.71. The stock's 50 day moving average price is $73.46 and its 200 day moving average price is $67.53.

Woori Bank (NYSE:WF - Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The bank reported $2.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.79 by ($0.13). Woori Bank had a net margin of 13.28% and a return on equity of 8.18%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.98 billion.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WF. Quantinno Capital Management LP raised its position in Woori Bank by 47.5% during the first quarter. Quantinno Capital Management LP now owns 198,920 shares of the bank's stock valued at $13,248,000 after buying an additional 64,055 shares during the period. Dimensional Fund Advisors LP boosted its position in Woori Bank by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 95,636 shares of the bank's stock worth $6,367,000 after acquiring an additional 3,345 shares during the period. B. Metzler seel. Sohn & Co. AG grew its stake in Woori Bank by 1.0% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 92,846 shares of the bank's stock valued at $5,329,000 after acquiring an additional 940 shares in the last quarter. Ritholtz Wealth Management grew its stake in Woori Bank by 6.2% during the 1st quarter. Ritholtz Wealth Management now owns 42,001 shares of the bank's stock valued at $2,797,000 after acquiring an additional 2,449 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Woori Bank by 21.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 48,470 shares of the bank's stock valued at $2,782,000 after purchasing an additional 8,691 shares during the period. Hedge funds and other institutional investors own 3.41% of the company's stock.

Woori Bank Company Profile

Woori Bank is a South Korean commercial bank and the principal banking subsidiary of Woori Financial Group. It provides banking and financial services to individual customers, businesses, and institutional clients, including deposit accounts, consumer and commercial lending, corporate finance, trade finance, payment services, and foreign-exchange services.

The bank serves customers through a network in South Korea and maintains an international presence supporting Korean companies, multinational businesses, and retail customers in selected overseas markets.

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