Woori Bank (NYSE:WF) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Woori Bank (NYSE:WF) from a buy rating to a hold rating in a research note published on Sunday,Wall Street Zen reports.

A number of other equities analysts have also commented on WF. 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 raised shares of Woori Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Strong Buy”.

Woori Bank Trading Up 0.0%

Shares of Woori Bank stock opened at $66.29 on Friday. Woori Bank has a 52-week low of $48.83 and a 52-week high of $84.71. The stock’s 50-day simple moving average is $73.46 and its 200 day simple moving average is $68.29. The stock has a market capitalization of $16.28 billion, a P/E ratio of 7.64, a P/E/G ratio of 0.60 and a beta of 1.01. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.16 and a current ratio of 1.16.

Hedge Funds Weigh In On Woori Bank

A number of large investors have recently modified their holdings of WF. Quantinno Capital Management LP increased its holdings in shares of Woori Bank by 47.5% in the first quarter. Quantinno Capital Management LP now owns 198,920 shares of the bank’s stock worth $13,248,000 after buying an additional 64,055 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Woori Bank by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 95,636 shares of the bank’s stock valued at $6,367,000 after acquiring an additional 3,345 shares during the period. B. Metzler seel. Sohn & Co. AG boosted its holdings 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 during the period. Signaturefd LLC grew its position in Woori Bank by 3.6% during the 3rd quarter. Signaturefd LLC now owns 51,503 shares of the bank’s stock worth $3,891,000 after acquiring an additional 1,782 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Woori Bank by 21.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 48,470 shares of the bank’s stock worth $2,782,000 after acquiring an additional 8,691 shares during the last quarter. 3.41% of the stock is owned by hedge funds and other institutional investors.

Woori Bank Company Profile

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.