Woori Bank (NYSE:WF) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Woori Bank (NYSE:WF) from a hold rating to a strong-buy rating in a report released on Tuesday morning,Zacks reports.

WF has been the subject of a number of other research reports. Weiss Ratings upgraded Woori Bank from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 2nd. Wall Street Zen upgraded Woori Bank from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

Woori Bank Stock Performance

NYSE WF opened at $74.16 on Tuesday. The firm has a 50-day moving average of $73.99 and a 200-day moving average of $67.72. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $18.21 billion, a PE ratio of 8.54, a P/E/G ratio of 0.66 and a beta of 1.03. Woori Bank has a 52-week low of $48.83 and a 52-week high of $84.71.

Woori Bank (NYSE:WF) last announced its earnings results on Friday, July 24th. The bank reported $2.66 EPS for the quarter, missing the consensus estimate of $2.79 by ($0.13). The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.98 billion. Woori Bank had a return on equity of 8.18% and a net margin of 13.28%. On average, sell-side analysts anticipate that Woori Bank will post 9.72 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WF. V Square Quantitative Management LLC bought a new stake in shares of Woori Bank during the 1st quarter valued at approximately $26,000. Bessemer Group Inc. grew its stake in shares of Woori Bank by 68.1% during the first quarter. Bessemer Group Inc. now owns 437 shares of the bank’s stock worth $29,000 after buying an additional 177 shares during the last quarter. Bell Investment Advisors Inc increased its holdings in shares of Woori Bank by 34.2% during the first quarter. Bell Investment Advisors Inc now owns 675 shares of the bank’s stock worth $45,000 after buying an additional 172 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Woori Bank by 37.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,084 shares of the bank’s stock worth $64,000 after buying an additional 296 shares in the last quarter. Finally, Eastern Bank bought a new position in shares of Woori Bank in the 2nd quarter valued at $140,000. 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.