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

Woori Bank (NYSE:WF) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday, Wall Street Zen reports.

Several other research firms have also issued reports on WF. Weiss Ratings raised Woori Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 2nd. Zacks Research raised Woori Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Woori Bank Stock Down 0.7%

Shares of NYSE:WF opened at $72.38 on Friday. The company has a market cap of $17.78 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 0.66 and a beta of 1.03. Woori Bank has a 12 month low of $48.83 and a 12 month high of $84.71. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average price of $74.18 and a 200 day moving average price of $67.86.

Woori Bank (NYSE:WF) last issued its quarterly earnings data on Friday, July 24th. The bank reported $2.66 earnings per share for the quarter, missing the consensus estimate of $2.79 by ($0.13). Woori Bank had a return on equity of 8.18% and a net margin of 13.28%. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.98 billion. As a group, equities research analysts predict that Woori Bank will post 9.61 earnings per share for the current year.

Institutional Investors Weigh In On Woori Bank

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

About Woori Bank

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.