Woori Bank (NYSE:WF) Reaches New 52-Week High - Here's Why

Woori Bank (NYSE:WF - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $49.91 and last traded at $49.67, with a volume of 9903 shares trading hands. The stock had previously closed at $49.04.

Woori Bank Stock Up 1.4%

The company has a debt-to-equity ratio of 0.86, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a 50 day simple moving average of $41.11 and a 200-day simple moving average of $35.90. The firm has a market cap of $12.31 billion, a PE ratio of 6.35, a PEG ratio of 0.92 and a beta of 1.00.

Hedge Funds Weigh In On Woori Bank

A number of hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in shares of Woori Bank by 19.6% in the 4th quarter. Bank of America Corp DE now owns 140,654 shares of the bank's stock worth $4,395,000 after purchasing an additional 23,015 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Woori Bank by 148.1% during the fourth quarter. Point72 Asset Management L.P. now owns 13,400 shares of the bank's stock valued at $419,000 after buying an additional 8,000 shares during the last quarter. GAMMA Investing LLC increased its holdings in Woori Bank by 3,000.5% in the 1st quarter. GAMMA Investing LLC now owns 81,481 shares of the bank's stock worth $2,720,000 after buying an additional 78,853 shares in the last quarter. JPMorgan Chase & Co. raised its position in Woori Bank by 1,830.4% in the 4th quarter. JPMorgan Chase & Co. now owns 43,724 shares of the bank's stock worth $1,366,000 after buying an additional 41,459 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in Woori Bank by 288.9% during the 4th quarter. Jane Street Group LLC now owns 24,648 shares of the bank's stock valued at $770,000 after acquiring an additional 18,310 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.