Woori Bank (NYSE:WF) Stock Bumped Down to Hold by Wall Street Zen

Wall Street Zen cut shares of Woori Bank (NYSE:WF) from a buy rating to a hold rating in a report released on Sunday,Wall Street Zen reports.

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

Woori Bank Stock Performance

Shares of WF stock opened at $67.02 on Friday. The stock has a fifty day moving average of $73.57 and a 200 day moving average of $68.20. Woori Bank has a 52 week low of $48.83 and a 52 week high of $84.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $16.46 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 0.61 and a beta of 1.01.

Institutional Investors Weigh In On Woori Bank

Several institutional investors and hedge funds have recently modified their holdings of WF. Ascent Group LLC bought a new stake in Woori Bank in the third quarter valued at $304,000. Vise Technologies Inc. increased its position in shares of Woori Bank by 35.2% during the third quarter. Vise Technologies Inc. now owns 23,729 shares of the bank’s stock worth $1,793,000 after acquiring an additional 6,181 shares in the last quarter. Aprio Wealth Management LLC increased its stake in Woori Bank by 3.5% in the 3rd quarter. Aprio Wealth Management LLC now owns 12,413 shares of the bank’s stock valued at $938,000 after buying an additional 416 shares during the last quarter. Verdence Capital Advisors LLC bought a new stake in Woori Bank during the third quarter worth $206,000. Finally, Apollon Wealth Management LLC acquired a new stake in Woori Bank during the 3rd quarter valued at $315,000. Institutional investors and hedge funds own 3.41% of the company’s stock.

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.