Woori Bank (NYSE:WF) Share Price Breaks Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Woori Bank (NYSE:WF – Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $68.34 and traded as high as $70.06. Woori Bank shares last traded at $68.78, with a volume of 194,356 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. 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 note on Tuesday, October 6th. Finally, Wall Street Zen cut shares of Woori Bank from a “buy” rating to a “hold” rating in a report on Sunday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, Woori Bank currently has an average rating of “Strong Buy”.

Read Our Latest Research Report on WF

Woori Bank Trading Up 3.7%

The business’s 50 day simple moving average is $73.42 and its two-hundred day simple moving average is $68.34. The stock has a market cap of $16.89 billion, a P/E ratio of 7.92, a PEG ratio of 0.60 and a beta of 1.01. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.99.

Institutional Investors Weigh In On Woori Bank

A number of hedge funds and other institutional investors have recently bought and sold shares of WF. Quantinno Capital Management LP increased its stake in shares of Woori Bank by 47.5% in the first 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 period. Dimensional Fund Advisors LP raised its holdings in Woori Bank by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 95,636 shares of the bank’s stock valued at $6,367,000 after buying an additional 3,345 shares during the last quarter. B. Metzler seel. Sohn & Co. AG boosted its position in Woori Bank by 1.0% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 92,846 shares of the bank’s stock worth $5,329,000 after buying an additional 940 shares during the period. Signaturefd LLC boosted its position in Woori Bank by 3.6% during the 3rd quarter. Signaturefd LLC now owns 51,503 shares of the bank’s stock worth $3,891,000 after buying an additional 1,782 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in Woori Bank by 38.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 44,028 shares of the bank’s stock worth $3,167,000 after buying an additional 12,280 shares during the period. Institutional investors own 3.41% of the company’s stock.

Woori Bank Company Profile

(Get Free Report)

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.

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