Wall Street Zen lowered shares of Woori Bank (NYSE:WF – Free Report) from a buy rating to a hold rating in a research note issued to investors on Sunday,Wall Street Zen reports.
Several other equities analysts have also commented on WF. Weiss Ratings raised shares of Woori Bank from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 2nd. Zacks Research upgraded shares of Woori Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.
View Our Latest Stock Report on Woori Bank
Woori Bank Stock Down 0.1%
Woori Bank (NYSE:WF – Get Free Report) last posted its quarterly 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). 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 for the quarter, compared to analysts’ expectations of $1.98 billion. As a group, analysts expect that Woori Bank will post 9.61 EPS for the current fiscal year.
Hedge Funds Weigh In On Woori Bank
Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantinno Capital Management LP raised its holdings in Woori Bank by 47.5% during the 1st quarter. Quantinno Capital Management LP now owns 198,920 shares of the bank’s stock valued at $13,248,000 after buying an additional 64,055 shares during the last quarter. Nykredit A S purchased a new stake in Woori Bank during the 2nd quarter valued at $2,684,000. Barometer Capital Management Inc. purchased a new stake in Woori Bank during the 1st quarter valued at $1,172,000. First Trust Advisors LP boosted its position in Woori Bank by 88.2% during the 1st quarter. First Trust Advisors LP now owns 32,905 shares of the bank’s stock valued at $2,191,000 after buying an additional 15,417 shares during the period. Finally, Corient Private Wealth LP boosted its position in Woori Bank by 63.4% during the 2nd quarter. Corient Private Wealth LP now owns 39,631 shares of the bank’s stock valued at $2,275,000 after buying an additional 15,381 shares during the period. 3.41% of the stock is currently 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.
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