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 report sent to investors on Sunday,Wall Street Zen reports.

A number of other equities analysts have also recently issued reports on the stock. Zacks Research raised shares of Woori Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Weiss Ratings raised Woori Bank from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Strong Buy”.

Woori Bank Stock Down 0.6%

Shares of NYSE:WF opened at $71.83 on Friday. The stock has a market capitalization of $17.64 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 0.66 and a beta of 1.03. Woori Bank has a 1-year low of $48.83 and a 1-year high of $84.71. The company’s fifty day moving average is $74.21 and its two-hundred day moving average is $67.89. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.16 and a current ratio of 1.16.

Woori Bank (NYSE:WF) last posted 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 return on equity of 8.18% and a net margin of 13.28%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. Equities analysts anticipate that Woori Bank will post 9.61 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Foster Group Inc. grew its position in Woori Bank by 4.5% in the 3rd quarter. Foster Group Inc. now owns 7,774 shares of the bank’s stock valued at $587,000 after buying an additional 335 shares in the last quarter. QRG Capital Management Inc. lifted its stake in shares of Woori Bank by 10.3% in the 2nd quarter. QRG Capital Management Inc. now owns 14,517 shares of the bank’s stock worth $833,000 after acquiring an additional 1,355 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of Woori Bank by 21.8% in the second quarter. Sequoia Financial Advisors LLC now owns 48,470 shares of the bank’s stock valued at $2,782,000 after acquiring an additional 8,691 shares in the last quarter. West Family Investments Inc. boosted its holdings in shares of Woori Bank by 36.8% in the second quarter. West Family Investments Inc. now owns 12,565 shares of the bank’s stock valued at $721,000 after acquiring an additional 3,379 shares in the last quarter. Finally, Nykredit A S acquired a new position in shares of Woori Bank during the second quarter valued at approximately $2,684,000. Institutional investors own 3.41% of the company’s stock.

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.