ValuEngine downgraded shares of Woori Bank (NYSE:WF) from a hold rating to a sell rating in a report issued on Thursday.

Separately, Zacks Investment Research upgraded Woori Bank from a hold rating to a strong-buy rating and set a $48.00 price target for the company in a research note on Tuesday, October 30th.

Woori Bank stock traded up $0.37 during trading on Thursday, hitting $40.34. 5,912 shares of the company were exchanged, compared to its average volume of 19,775. Woori Bank has a 52 week low of $38.29 and a 52 week high of $49.04. The company has a market capitalization of $8.97 billion, a P/E ratio of 7.47, a price-to-earnings-growth ratio of 0.84 and a beta of 0.83. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.72.

Woori Bank (NYSE:WF) last announced its quarterly earnings data on Friday, November 16th. The bank reported $2.25 earnings per share (EPS) for the quarter. The firm had revenue of $1.52 billion during the quarter. Woori Bank had a return on equity of 9.67% and a net margin of 19.63%. On average, analysts predict that Woori Bank will post 8.38 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Aperio Group LLC raised its holdings in shares of Woori Bank by 27.0% in the 3rd quarter. Aperio Group LLC now owns 174,774 shares of the bank’s stock valued at $7,923,000 after acquiring an additional 37,120 shares in the last quarter. Northern Trust Corp increased its position in shares of Woori Bank by 6.3% during the 2nd quarter. Northern Trust Corp now owns 145,733 shares of the bank’s stock valued at $6,408,000 after purchasing an additional 8,591 shares during the last quarter. Morgan Stanley increased its position in shares of Woori Bank by 6.4% during the 3rd quarter. Morgan Stanley now owns 105,860 shares of the bank’s stock valued at $4,799,000 after purchasing an additional 6,326 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Woori Bank by 5.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 51,965 shares of the bank’s stock valued at $2,355,000 after purchasing an additional 2,902 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Woori Bank by 1,661.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 39,619 shares of the bank’s stock valued at $1,796,000 after purchasing an additional 37,370 shares during the last quarter. 0.56% of the stock is currently owned by institutional investors and hedge funds.

Woori Bank Company Profile

Woori Bank engages in the provision of personal and commercial banking services. It operates through the following segments: Consumer Banking, Corporate Banking, Investment Banking, Capital Markets, Credit Cards, and Other Operations. The Consumer Banking segment consists of lending to and taking deposits from its retail customers.

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